Worthington Steel CEO Americas buys $31,492 in shares

George J. Ganem III, CEO Americas Kloeckner Metals at Worthington Steel, Inc. (NYSE:WS), acquired common shares of the company on October 15, 2026.

Mr. Ganem purchased 800 common shares at a price of $39.365 per share. The total value of this transaction amounted to $31,492. Following this acquisition, Mr. Ganem directly holds 800 common shares in Worthington Steel, Inc. The stock has climbed to $42.35, up from Mr. Ganem’s purchase price of $39.365, reflecting the company’s strong momentum with a 24% year-to-date return. According to InvestingPro analysis, which provides comprehensive insights on over 1,400 US equities, the stock is currently trading above its Fair Value. InvestingPro Tips highlight that analysts predict the company will be profitable this year, one of 8 total tips available to subscribers.

In other recent news, Worthington Steel reported its first-quarter fiscal 2027 results, revealing adjusted earnings of $0.57 per share. This figure fell short of Wall Street’s forecast of $0.68 per share, marking a 16.2% miss. The company’s revenue, however, increased to $2.73 billion, aided by the expanded scale following its acquisition of Kloeckner in June. Despite the rise in revenue, the earnings miss was attributed to factors such as higher interest expenses and negative free cash flow. The recent acquisition played a significant role in the financial results, as it was the first full quarter reflecting Kloeckner’s financials. Investors are closely watching the company’s longer-term integration plans. The earnings report has been a focal point for analysts and investors alike, as they assess the impact of the acquisition and other financial dynamics.