Today is Thursday, March 26, 2026.

The Early Bird Index today is 74.05.

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Steel processing company Worthington Steel $WS ( ▲ 3.18% ) plunged 14.04% in after-hours trading on Wednesday after reporting bad financial results and a grim economic warning.

Financials: Worthington Steel reported earnings of 27 cents per share in the past quarter and revenue of $769.8 million. Both were lower than expected.

Details: Toll volumes decreased 22% in the quarter. This also caused the gross margin to fall. Operating income decreased from $18.3 million in the same period last year to $3.1 million.

Quote: “This was a challenging quarter from a macroeconomic standpoint, but our focus did not change.” - Geoff Gilmore, President and CEO.

Early Bird’s Nest Egg Gains: In steel processing, “challenging macroeconomic standpoint” typically means weak industrial demand, inflation on inputs (steel, energy, labor), geopolitical supply disruptions, and inventory adjustments by customers.

Final Thoughts: Shares of Worthington Steel were basically flat to start the year. These results suggest 2026 could be a rough year for the company.

Notable Earnings Today: Commercial Metals (NYSE: CMC), Lovesac (Nasdaq: LOVE), BitGo Holdings (NYSE: BTGO), Shoe Carnival (Nasdaq: SCVL), Oxford Industries (NYSE: OXM), BRP Inc. (Nasdaq: DOO), Argan (NYSE: AGX), Designer Brands (NYSE: DBI), Blink Charging (Nasdaq: BLNK), Alpha Cognition (Nasdaq: ACOG), Dare Bioscience (Nasdaq: DARE), Pony AI (Nasdaq: PONY), Veritone (Nasdaq: VERI), Westport Fuel Systems (Nasdaq: WPRT), WhiteFiber (Nasdaq: WYFI).

Notable IPOs Today: Greenland Energy Company Common Stock (Nasdaq: GLND), Maywood Acquisition Corp. 2 Units (Nasdaq: MYXXU).

Notable Equity Crowdfunding Campaigns Ending Today: Atelier Katanga (Crowdcube).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

MillerKnoll $MLKN ( ▲ 1.31% ) posted weak financial results on Wednesday, causing shares of the furniture and home furnishings company to plummet 17.46% in after-hours trading.

Financials: Revenue during the past quarter reached $926.6 million, which was lower than expected. Orders in the international business declined.

Quote: “Despite ongoing macroeconomic and geopolitical uncertainty, as well as weather-related impacts during the quarter, our team remained focused on disciplined execution and operational priorities within our control.” - CEO Andi Owen.

Final Thoughts: The stock started the year on a positive note with a 6% gain, but that is all in the past now.

Automotive services company Driven Brands Holdings $DRVN ( ▲ 3.07% ) ticked up 0.71% in after-hours trading on Wednesday due to a media report about new pressure in the company.

Details: The Wall Street Journal reported that Adam Wyden’s activist hedge fund, ADW Capital, has called on Driven Brands to explore a sale or a breakup. 

Definition: An activist investor owns a sizeable stake in a company to enact change in it.

Final Thoughts: The report comes as the stock has fallen 25% in the past 12 months.

Flying to Get Sold: JetBlue explores potential merger partners (Semafor)

Blockbuster Pharmaceuticals Acquisition: Merck to buy Terns Pharmaceuticals for $6.7 billion to boost cancer pipeline (CNBC)

Incoming Volatility: $15 Billion in Bitcoin Options Expire Friday as Trump's Iran Deadline Looms (Decrypt)

Growing Acceptance: Lawmakers weigh tokenization push as SEC preps innovation exemption plan (The Block)

Big IPO: SpaceX IPO leaves some private share buyers unsure what they own (Reuters)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}