Worthington Steel acquisitions, on the record

Word for word“On November 16, 2023, we acquired Voestalpine Automotive Components Nagold GmbH & Co. KG (“Voestalpine Nagold”), including its facility in Nagold, Germany and related assets, for net cash consideration of $21.0 million and the assumption of a $0.9 million pension liability.” 10-K for 2024

Word for word“Finalized the definitive agreement to acquire a controlling equity stake in Italy-based Sitem Group.” 10-K for 2025

Word for word“On June 3, 2025, subsequent to the end of fiscal year ended on May 31, 2025 (“fiscal 2025”), through our subsidiary Tempel Steel Company, LLC (“Tempel”), we acquired a 52% controlling equity stake in Italy-based Sitem S.p.A. (“Sitem” and, together with its subsidiaries, Stanzwerk AG, Decoup S.A.S. and Sitem Slovakia spol. s r.o., collectively referred to herein as the “Sitem Group”), which has additional locations in Italy (3), France, Slovakia, and Switzerland.” 10-K for 2025

Word for word“Additionally, we paid $21.0 million, net of cash acquired, for the acquisition of Voestalpine Nagold in fiscal 2024.” 10-K for 2025

Word for word“On June 3, 2026, subsequent to the completion of the fiscal year ended on May 31, 2026 (“fiscal 2026”), through our wholly owned indirect subsidiary Worthington Steel GmbH (the “Bidder”), we acquired a controlling equity stake in Germany-based Klöckner & Co SE (“Kloeckner”), which operates approximately 110 distribution and processing facilities primarily located in the United States, Mexico, Germany, Austria, and Switzerland.” 10-K for 2026

Word for word“On June 3, 2025, we, through our wholly owned subsidiary Tempel Steel Company, LLC (“Tempel”), completed the acquisition of 52% of the issued and outstanding capital stock of S.I.T.E.M. S.p.A., a joint stock company incorporated under the laws of Italy (“Sitem” and, together with its subsidiaries, Stanzwerk AG, Decoup S.A.S. and Sitem Slovakia spol. s r.o., the “Sitem Group”).” 10-K for 2026

Word for word“On June 15, 2026, we consummated the acquisition of an additional one million Kloeckner shares at €11 per share (approximately $12.7 million), bringing our total ownership to 61,710,791 Kloeckner shares representing approximately 61.87% of Kloeckner’s total outstanding share capital.” 10-K for 2026