Worthington Industries

Worthington Industries, Inc. engages in processing of value-added steel and manufacturing of metal products. It operates through the following segments: Steel Processing and Pressure Cylinders. The Steel Processing segment consists of Worthington Steel business unit and consolidated joint ventures, which operates steel business and its prices. The Pressure Cylinders segment consists of the Worthington Cylinders business unit, which manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, well water and expansion tanks, and oil & gas equipment along with accessories and related products for diversified end-use market applications. The company was founded by John H. McConnell in 1955 and is headquartered in Columbus, OH.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Worthington Industries reports record earnings, plans separation into growth companies

Worthington Industries reported strong earnings and record quarterly earnings despite a decrease in net sales. The company is focused on fortifying its balance sheet for the planned separation into two distinct growth companies and aims to capitalize on opportunities through high liquidity and low leverage. However, the uncertainty surrounding free cash flow investment and the need to rebuild models post-segment change present challenges.

Worthington Industries reports mixed Q1 results, progresses with business separation

Worthington Industries reported mixed Q1 results, with decreased net sales but improved gross profit and margin in Steel Processing. The company is progressing with the planned separation of its Steel Processing business and has scheduled an Investor Day for potential strategic updates. Challenges include decreased net sales in certain segments and an adjusted EBIT loss in Sustainable Energy Solutions, while opportunities lie in the potential for growth in Steel Processing and insights from the upcoming Investor Day.

Worthington Industries reports mixed Q3 results, eyes strategic separation

Worthington Industries showcased mixed financial performance with a focus on operational resilience and strategic separation into growth entities.
Challenges include monitoring steel prices, navigating economic uncertainties, and ensuring a smooth transition post-separation.
Opportunities lie in anticipated volume growth, improved working capital from higher steel prices, and strategic moves post-separation.
Overall, the company remains focused on financial stability, operational efficiency, and capitalizing on market opportunities for future growth.

Worthington Industries reports robust Q4 earnings amidst strategic transformations

Worthington Industries delivered strong financial performance in Q4 2023, marked by significant earnings growth and record profits.
While facing challenges in Steel Processing, the company maintains strong liquidity, operational stability, and a commitment to shareholder value.
Strategic opportunities lie in market expansion, innovation, and the upcoming separation into two companies, positioning Worthington for future success.
Overall, Worthington Industries' Q4 performance reflects resilience, adaptability, and a strategic focus on long-term growth and profitability.

Worthington Industries reports robust Q1 earnings amidst segment challenges

Worthington Industries delivered strong financial performance in Q1 2024, driven by improved earnings per share, net sales, and operational efficiency.
While facing challenges in certain segments, the company's strategic initiatives like planned separation and dividend declaration reflect a commitment to long-term value creation.
To capitalize on opportunities, Worthington should address segment-specific issues, explore new growth avenues, and maintain a focus on cost management and innovation.
Overall, Worthington's performance highlights resilience, strategic planning, and a proactive approach to navigating market dynamics and delivering shareholder value.

Worthington Industries reports Q2 earnings growth amidst segment challenges

Worthington Industries delivered improved earnings per share and strong cash flow in Q2 2024 despite revenue challenges in certain segments.
The company's strategic vision to focus on growth areas and maintain financial strength through disciplined approaches positions it well for future opportunities.
Addressing operational challenges in segments like Sustainable Energy Solutions will be crucial for sustained profitability and overall performance.

Worthington Industries reports mixed Q3 results, eyes growth opportunities

Worthington Industries' Q3 performance reflects mixed results with challenges in certain segments but strengths in brand portfolio and balance sheet.
The company's focus on innovation, acquisitions, and cash flow management positions it for future growth opportunities.
Despite facing market pressures, Worthington remains resilient with a strategic approach to drive profitability and shareholder value.
Investors can expect continued dividend payouts and potential growth catalysts from product innovation and market expansion.

Worthington Q4: Strategic Acquisitions Amidst Financial Challenges

Worthington Industries' Q4 2024 reflects a period of strategic positioning despite financial setbacks. The company's focus on sustainable energy solutions and innovative products is poised to drive future growth, supported by a strong balance sheet with low net debt to EBITDA ratio.

Worthington Industries reports solid Q1 performance amidst strategic initiatives

Worthington Industries navigated challenges in Q1 2025 while demonstrating resilience and strategic focus on growth opportunities.
The company's strong corporate culture, commitment to sustainability, and focus on innovation position it well for future success.
Despite headwinds in certain business segments, Worthington's strategic initiatives and acquisitions lay a foundation for long-term value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Worthington Enterprises, Inc. engages in the manufacturing of metal products. It operates through the Consumer Products and Building Products segments. The Consumer Products segment consists of products in the tools, outdoor living, and celebrations end markets with owned and licensed brands. The Building Products segment provides pressurized containment solutions, ceiling suspension systems, and light gauge metal framing products. The company was founded by John H. McConnell in 1955 and is headquartered in Columbus, OH.

COLUMBUS, Ohio, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) will hold its quarterly earnings conference call Wednesday, December 18 at 8:30 a.m. ET. The Company will discuss its fiscal second quarter results, which will be released after the market closes on December 17.

Worthington Enterprises Schedules Second Quarter 2025 Earnings Call for December 18

COLUMBUS, OHIO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors today announced Joseph Hayek as the Company's next president and chief executive officer (CEO) effective Nov. 1, 2024. Hayek, who currently is the Company's executive vice president, chief financial and operations officer, will replace Andy Rose who is retiring.

Worthington Enterprises Names Joseph Hayek Chief Executive Officer; Effective Nov. 1

I recommend a hold rating for Worthington Enterprises (WOR) due to ongoing macro headwinds and segment-specific challenges impacting financial performance. The Building Products segment faces macro challenges like high interest rates and steel price volatility, and micro issues like heavy price competition. The Consumer Products segment is negatively impacted by poor discretionary spending and weak demand, as indicated by industry peers.

Worthington Enterprises: Earnings Growth To Be Pressured In The Near-Term

Worthington Enterprises, Inc. (NYSE:WOR ) Q1 2025 Earnings Call Transcript September 25, 2024 8:30 AM ET Company Participants Marcus Rogier - Treasurer & IR Officer Andy Rose - President and CEo Joe Hayek - CFO and COO Conference Call Participants Kathryn Thompson - Thompson Research Group Susan Maklari - Goldman Sachs Brian McNamara - Canaccord Genuity John Tumazos - John Tumazos Very Independent Research Operator Good afternoon and welcome to the Worthington Enterprises First Quarter Fiscal 2025 Earnings Conference Call. All participants will be able to listen only until the question-and-answer session of the call.

Worthington Enterprises, Inc. (WOR) Q1 2025 Earnings Call Transcript

COLUMBUS, Ohio, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) reported net sales of $257.3 million and net earnings from continuing operations of $24.3 million, or $0.48 per diluted share, for its fiscal 2025 first quarter ended August 31, 2024.

Worthington Enterprises Reports First Quarter Fiscal 2025 Results

COLUMBUS, Ohio, Sept. 24, 2024 (GLOBE NEWSWIRE) -- The Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors today declared a quarterly dividend of $0.17 per share.

Worthington Enterprises Declares Quarterly Dividend

Annual Corporate Citizenship and Sustainability Report detailing the Company's commitments, management approach and achievements within four categories.

Worthington Enterprises Releases 2024 Corporate Citizenship and Sustainability Report

Worthington Enterprises, Inc. WOR will release earnings results for its first quarter of 2025 after the closing bell on Tuesday, Sept. 24.

How To Earn $500 A Month From Worthington Enterprises Stock Ahead Of Q1 Earnings

COLUMBUS, Ohio, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) will hold its quarterly earnings conference call Wednesday, September 25 at 8:30 a.m.

Worthington Enterprises Schedules First Quarter 2025 Earnings Call for September 25

COLUMBUS, Ohio, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR), a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives, has begun a modernization project at its Chilton, Wisconsin, campus where it manufactures Bernzomatic® and Mag-Torch® hand torches and fuel cylinders.

Worthington Enterprises Begins Modernization Project at Chilton, Wisconsin, Campus

Albemarle

Avnet

Broadridge Financial

Community Bank System

Capital City Bank Group

Capital Southwest

Community Trust Bancorp

Devon Energy

Cohen & Steers Reit And Preferred Income Fund Inc

Silvercrest Asset Management Group

Schwab US Dividend Equity ETF

Victory Capital Holdings

Winnebago

As fall approaches, twelve smaller financial institutions are set to increase dividends, averaging a 7.6% increase. My investment strategy focuses on companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. SCHD outperformed most companies with a 197% total return over the past decade, with BR and CSWC showing notable performance.

12 Upcoming Dividend Increases

Axcelis Technologies

Nu Skin Enterprises

In today's unpredictable stock market, investors must discern which stocks to sell to protect their portfolios. The focus here is on three companies facing significant challenges that suggest they may be candidates for the stocks to sell list.

3 Stocks to Sell Now Before the Bear Market Hits

Armstrong World Industries

MALVERN, Pa.--(BUSINESS WIRE)--Armstrong World Industries. Inc. (NYSE:AWI) and Worthington Enterprises (NYSE: WOR) announced today that their Worthington Armstrong joint venture (WAVE) has acquired all of the assets of Amherst, NY-based Data Center Resources, LLC (DCR) related to the design and manufacture of customizable, modular aisle containment solutions for data centers, under the Cool Shield brand. “We are excited to expand our design and manufacturing capabilities for the data center mar.

Worthington Armstrong Joint Venture Expands Solutions for Data Centers with Acquisition

Snap

XPeng

Understanding which stocks to sell is critical for protecting the downside, especially during market volatility. Identifying companies with weak fundamentals helps avoid potential losses.

Sell Alert: 3 Hyped Stocks to Dump Before the Market Drops

Medifast

Marcus & Millichap

The end of the pandemic served as a springboard for the economy, launching us into a new bull market. I can't blame people for being optimistic after seeing the meteoric rise of several big-name stocks.

Time to Unload: 3 Stocks in Deep Trouble to Sell Now

Big Lots

In today's volatile market, identifying stocks to sell is critical to preserving capital invested. As economic uncertainties loom, learning which investments might falter can safeguard portfolios.

Sell These 3 Stocks Before the Upcoming Recession

Worthington Enterprises, Inc. (NYSE:WOR ) Q4 2024 Earnings Conference Call June 26, 2024 8:30 AM ET Company Participants Marcus Rogier - Treasurer and IRO Andy Rose - President and CEO Joseph Hayek - CFO and COO Conference Call Participants Brian Biros - Thompson Research Group Charles Perron-Piché - Goldman Sachs Dan Moore - CJS Securities John Tumazos - John Tumazos Very Independent Research Brian McNamara - Canaccord Genuity Operator Good morning, and welcome to the Worthington Enterprises Fourth Quarter Fiscal 2024 Earnings Conference Call. [Operator Instructions] This conference is being recorded at the request of Worthington Enterprises.

Worthington Enterprises, Inc. (WOR) Q4 2024 Earnings Call Transcript

COLUMBUS, Ohio, June 25, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) reported net sales of $318.8 million and a net loss from continuing operations of $31.5 million, or $(0.64) per diluted share, for its fiscal 2024 fourth quarter ended May 31, 2024. This compares to net sales of $368.8 million and net earnings from continuing operations of $50.1 million, or $1.01 per diluted share, in the fourth quarter of fiscal 2023.

Worthington Enterprises Reports Fourth Quarter Fiscal 2024 Results

COLUMBUS, Ohio, June 25, 2024 (GLOBE NEWSWIRE) -- The Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors today declared a quarterly dividend of $0.17 per share, which represents an increase of $0.01 per share or 6.25 percent from the prior quarter. The dividend is payable on September 27, 2024, to shareholders of record on September 13, 2024.

Worthington Enterprises Increases Quarterly Dividend by 6.25%

COLUMBUS, Ohio, June 12, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) will hold its quarterly earnings conference call Wednesday, June 26 at 8:30 a.m. ET. The Company will discuss its fiscal fourth quarter results, which will be released after the market closes on June 25.

Worthington Enterprises Schedules Fourth Quarter 2024 Earnings Call for June 26

Worthington Enterprises announced the closing of its acquisition of Hexagon Ragasco, a global leader in lightweight, customizable LPG composite cylinders.

Worthington Enterprises Completes Acquisition of Hexagon Ragasco

Worthington Enterprises, Inc. is a diversified industrial manufacturer with a unique business model, including profitable joint ventures. The company split itself into Worthington Enterprises and Worthington Steel, with both businesses trading at appealing valuations. Shares have risen quickly since the separation, but have fallen a bit recently, creating potential to add shares on dips in this quality long-term compounder.

Worthington Enterprises: A Small Reshuffling (Rating Upgrade)

OSLO, Norway , May 29, 2024 /PRNewswire/ -- Hexagon Composites ASA (OSE: HEX.OL), announces the signing of two definitive agreements with Worthington Enterprises (NYSE: WOR). Sale of Hexagon Ragasco Worthington Enterprises will acquire 100% of Hexagon Ragasco at an enterprise value of NOK 1,050 million.

Hexagon Composites announces sale of Hexagon Ragasco to Worthington Enterprises and acquisition of 49% of Worthington Enterprises' Sustainable Energy Solutions business segment

COLUMBUS, Ohio, May 29, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises (NYSE: WOR), a designer and manufacturer of market-leading brands that enable people to live safer, healthier and more expressive lives, today announced the signing of two definitive agreements with Hexagon Composites ASA (OSE: HEX.OL) of Norway. One agreement is to acquire 100 percent of Hexagon Ragasco and a second agreement is to sell 49 percent of Worthington's Sustainability Energy Solutions (SES) business segment to Hexagon Composites forming a joint venture with the company.

Worthington Enterprises Announces Planned Acquisition of Hexagon Ragasco and Sustainable Energy Solutions Joint Venture with Hexagon Composites

Worthington Enterprises, Inc. (WOR) Q3 2024 Earnings Call Transcript

News for Worthington Industries Stock (WOR)