Earnings Per Common Share (Tables)

12 Months Ended

May 31, 2026

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the prior three fiscal years:


(In millions, except per share amounts)	2026		2025		2024
Numerator (basic & diluted):
Net earnings attributable to controlling interest – income available to common shareholders	$	8.5	$	110.7	$	154.7

Denominator:
Basic earnings weighted average common shares		49.8		49.5		49.3
Effect of dilutive securities		1.0		1.0		0.5
Diluted earnings adjusted weighted average common shares		50.8		50.5		49.8

Basic earnings per common share attributable to Worthington Steel shareholders	$	0.17	$	2.24	$	3.14
Diluted earnings per common share attributable to Worthington Steel shareholders	$	0.17	$	2.19	$	3.11

Anti-dilutive non-qualified stock options and restricted common share awards(1)		0.1		0.2		-

(1)

These non-qualified stock options and restricted common share awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. There were no anti-dilutive non-qualified stock options and restricted common share awards prior to the Separation. The number of anti-dilutive non-qualified stock options and restricted common share awards for 2024 was less than 0.1 million.