Worthington Steel, Inc. ( (WS) ) has provided an update.
Worthington Steel, a leading metals processing company, reported a decrease in net sales and operating income in its first quarter fiscal 2025 results, attributing the downturn to lower selling prices and volumes. Despite the challenges, the company declared a steady quarterly dividend of $0.16 per share. In the annual shareholder meeting, all director nominees were elected, executive compensation was approved, KPMG LLP was ratified as the accounting firm, and it was decided that executive compensation votes would occur annually. These decisions and financial outcomes reflect the company’s continued commitment to shareholder value and operational adjustments in a fluctuating market.
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