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.

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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.

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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, March 20, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) reported net sales of $316.8 million and net earnings from continuing operations of $22.0 million, or $0.44 per diluted share, for its fiscal 2024 third quarter ended February 29, 2024. This compares to net sales of $346.3 million and net earnings from continuing operations of $29.8 million, or $0.60 per diluted share, in the third quarter of fiscal 2023.

Worthington Enterprises Reports Third Quarter Fiscal 2024 Results

Worthington Enterprises (WOR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Worthington Enterprises, Inc. (WOR) Is a Trending Stock: Facts to Know Before Betting on It

Worthington Enterprises (WOR) concluded the recent trading session at $62.78, signifying a +0.48% move from its prior day's close.

Why the Market Dipped But Worthington Enterprises (WOR) Gained Today

COLUMBUS, Ohio, March 05, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) will hold its quarterly earnings conference call Thursday, March 21 at 8:30 a.m. ET. The Company will discuss its fiscal third quarter results, which will be released after the market closes on March 20.

Worthington Enterprises Schedules Third Quarter 2024 Earnings Call for March 21

Worthington Enterprises (WOR) closed at $62.48 in the latest trading session, marking a -0.86% move from the prior day.

Worthington Enterprises (WOR) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the latest trading session, Worthington Enterprises (WOR) closed at $62.16, marking a +0.45% move from the previous day.

Worthington Enterprises (WOR) Rises Higher Than Market: Key Facts

Investors Heavily Search Worthington Enterprises, Inc. (WOR): Here is What You Need to Know

In the latest trading session, Worthington Enterprises (WOR) closed at $59.39, marking a -0.07% move from the previous day.

Worthington Enterprises (WOR) Stock Drops Despite Market Gains: Important Facts to Note

COLUMBUS, Ohio, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises (NYSE: WOR), a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives, today announced that President and Chief Executive Officer Andy Rose and Chief Financial and Operating Officer Joe Hayek are participating in next week's Thompson Research Group (TRG) monthly Fireside Chats series. The discussion is Thursday, February 15 at 2 p.m.

Worthington Enterprises Participating in Thompson Research Group Fireside Chat

COLUMBUS, Ohio, Feb. 01, 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, today announced it is adding HALO™-branded pizza ovens, pellet grills, griddles and accessories to its portfolio of outdoor living products. As consumers increasingly seek new ways to elevate outdoor experiences, easy-to-prepare, high-quality food is a differentiator that can transform the experience, according to Steve Caravati, president, Consumer Products, Worthington Enterprises.

Worthington Enterprises Acquires HALO Products Brand

Worthington Enterprises, Inc. (WOR) Q2 2024 Earnings Call Transcript

Worthington Industries (NYSE:WOR) reported a year-over-year drop in sales but improved profits for the fiscal second quarter as the Columbus, Ohio-based industrial manufacturing company completed the separation of its steel segment.   For 2Q, sales of $1.1 billion were down from $1.2 billion in the year-ago quarter which was attributed to lower selling prices partially offset by higher volumes.

Worthington 2Q earnings fall short of expectations

Worthington Industries (WOR) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.44 per share a year ago.

Worthington Industries (WOR) Lags Q2 Earnings Estimates

COLUMBUS, Ohio, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR), formerly Worthington Industries, Inc., today reported results for its fiscal 2024 second quarter ended November 30, 2023. These quarterly results include both Worthington Enterprises and Worthington Steel.

Worthington Enterprises Reports Second Quarter Fiscal 2024 Results

The latest trading day saw Worthington Industries (WOR) settling at $51.62, representing a +0.25% change from its previous close.

Worthington Industries (WOR) Advances While Market Declines: Some Information for Investors

COLUMBUS, Ohio, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) formerly Worthington Industries, Inc., a leading industrial manufacturing company, today completed the previously announced separation of its Steel Processing business, Worthington Steel, Inc., into a standalone, publicly traded company. Worthington Steel common stock begins “regular-way” trading on the New York Stock Exchange (NYSE) today under the ticker symbol “WS”.

Worthington Enterprises Completes Separation of Worthington Steel

Worthington Industries (WOR) closed at $67.53 in the latest trading session, marking a +1.79% move from the prior day.

Worthington Industries (WOR) Ascends While Market Falls: Some Facts to Note

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Worthington Industries (WOR) reachead $66.03 at the closing of the latest trading day, reflecting a +0.32% change compared to its last close.

Worthington Industries (WOR) Increases Yet Falls Behind Market: What Investors Need to Know

As per the company press release, each WOR shareholder will receive one ordinary share of Worthington Steel (Spin-Off) for every one ordinary share of WOR.

Worthington Industries To Spin-Off Worthington Steel On December 1

Worthington Industries (WOR) reachead $63.03 at the closing of the latest trading day, reflecting a -0.63% change compared to its last close.

Why Worthington Industries (WOR) Dipped More Than Broader Market Today

Record date for distribution of Worthington Steel common shares will be November 21, 2023 “When-issued” trading of Worthington Steel and Worthington Industries ex-distribution common shares expected to begin on November 28, 2023 Distribution date expected to be December 1, 2023 COLUMBUS, Ohio, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (“Worthington Industries” or the “Company”) (NYSE: WOR), a leading industrial manufacturer, today announced that its Board of Directors (the “Board”) approved the previously announced separation of its Steel Processing business, Worthington Steel, Inc. (“Worthington Steel”) via a spin-off that is generally intended to be tax-free to shareholders for U.S. federal income tax purposes. The Board declared a pro rata distribution of 100% of the outstanding common shares of Worthington Steel to Worthington Industries shareholders of record as of the close of business on November 21, 2023 (the “Record Date”).

Worthington Industries Board of Directors Approves Separation of Worthington Steel

In the latest trading session, Worthington Industries (WOR) closed at $63.05, marking a -0.76% move from the previous day.

Worthington Industries (WOR) Stock Declines While Market Improves: Some Information for Investors

COLUMBUS, Ohio, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR), a leading industrial manufacturing company, today announced it will present at this week's Baird Global Industrial Conference in Chicago. Worthington Industries Chief Executive Officer and future Worthington Enterprises Chief Executive Officer Andy Rose and Worthington Industries Chief Financial Officer and future Worthington Enterprises Chief Financial and Operating Officer Joe Hayek will share with attendees their strategies for long-term growth and shareholder value for Worthington Enterprises.

Worthington Industries Presenting at Baird Global Industrial Conference

In the latest trading session, Worthington Industries (WOR) closed at $59.68, marking a +0.15% move from the previous day.

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