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. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2026 10-K risk factors
    22 risks3 new4 dropped10 reworded

    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