Risk factors

Worthington Steel (WS) risk factors

Item 1A of every Worthington Steel, Inc. 10-K on file, and what changed from one year to the next.

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  • FY2026 10-K risk factors

    22 risks, 3 new, 4 dropped, 10 reworded since the prior year. New risks center on Iran-related geopolitical disruption, the Kloeckner takeover, and restrictions from the tax matters agreement.

    Filed Jul 30, 2026
  • FY2025 10-K risk factors

    23 risks. Worthington Steel faces significant customer concentration, with the automotive and construction markets accounting for 52.0% and 11.0% of net sales respectively. Raw material cost volatility in steel, zinc, and flat-rolled products heavily impacts manufacturing margins. Capital intensity is high, with projected capital expenditures of $130.4 million for fiscal 2025.

    Filed Jul 29, 2025