Investments (Tables)

3 Months Ended

Aug. 31, 2026

Equity Method Investments and Joint Ventures [Abstract]

The following tables summarize certain financial information of Serviacero Worthington as of the dates, and for the periods presented:


	August 31,		May 31,
(In millions)	2026		2026
Cash and cash equivalents (1)	$	52.8	$	24.3
Other current assets		220.7		221.8
Non-current assets		61.1		61.9
Total assets	$	334.6	$	308.0

Current liabilities		73.6		57.6
Other non-current liabilities		4.7		4.7
Equity (1)		256.3		245.7
Total liabilities and equity	$	334.6	$	308.0

(1)

Excludes the impact of a $44.0 million distribution paid in cash to members in August 2026 due to reporting Serviacero Worthington on a one-month lag.


	Three Months Ended
	August 31,		August 31,
(In millions)	2026		2025
Net sales	$	134.0	$	134.2
Gross margin		19.3		18.6
Operating income		15.4		14.5
Depreciation and amortization		1.0		1.0
Interest expense		-		-
Income tax expense		4.1		2.0
Net earnings		10.7		12.8

The following table presents the net earnings of Serviacero Worthington attributable to the Company for the periods presented:


	Three Months Ended
	August 31,		August 31,
(In millions)	2026		2025
Equity in net income of unconsolidated affiliate	$	5.3	$	6.4

Summary of equity securities

The following table summarizes the equity securities, all of which were Kloeckner shares, at the dates indicated:


	August 31,		May 31,
(In millions)	2026		2026
Equity securities	$	-	$	122.2

Summary of The Net Gains And Losses Recognized In Miscellaneous Income (Expense), Net

The following table summarizes the net gains and losses recognized in miscellaneous income (expense), net, for the periods presented:


	Three Months Ended
	August 31,			August 31,
(In millions)	2026			2025
Net unrealized gains (losses) on equity securities	$	-		$	-
Realized gains (losses) on sales of equity securities		-			-
Realized gains (losses) on remeasurement of previously held equity interest (1)		(15.5	)		-
Total recognized in net earnings	$	(15.5	)	$	-

(1)

The realized loss recognized during the three months ended August 31, 2026 relates to the remeasurement of the Company's previously held equity interest in Kloeckner to its acquisition-date fair value in connection with the Company's acquisition of a controlling interest in Kloeckner. The remeasurement resulted from the difference between the carrying value of the Company's previously held interest and its acquisition-date fair value.