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

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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.

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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, June 05, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its fourth quarter results after the market closes on Wednesday, June 28, 2023. The Company will webcast a live discussion of these results on Thursday, June 29 at 9 a.m. ET. The webcast will be available at www.WorthingtonIndustries.com and will be archived for one year.

Worthington Industries to Webcast Discussion of Fourth Quarter 2023 Results on June 29

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Worthington Industries (WOR) Stock?

Worthington (WOR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Worthington (WOR) Loses -9.65% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Worthington Industries has not seen explosive growth, quite the opposite, as steel price fluctuations harm the revenues for the company. The long-term outlook seems positive though as more companies seek domestic producers.

Worthington Industries: A Stable Steel Play And A Great Dividend

COLUMBUS, Ohio, April 27, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) announced today that it has initiated legal proceedings with the U.S. Department of Commerce (Commerce) and the U.S. International Trade Commission (USITC) for relief from unfair imports of certain non-refillable steel cylinders from India.

Worthington Industries Petitions for Relief from Unfairly-Traded Imports from India

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Does Worthington Industries (WOR) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Worthington Industries (WOR) a Strong Momentum Stock: Buy Now?

Worthington (WOR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Worthington (WOR) Is a Great Choice for Value Investors

Worthington Industries, Inc. has proposed to separate into 2 standalone public companies to create more value for shareholders. These 2 companies would be in different sectors. One is in the steel business and is cyclical. The other is in the pressure cylinder business which is non-cyclical.

Worthington Industries: Sum Of Parts Is Greater Than The Whole

Are Investors Undervaluing Worthington Industries (WOR) Right Now?

Despite Fast-paced Momentum, Worthington (WOR) Is Still a Bargain Stock

Worthington Industries, Inc. (NYSE:WOR ) Q3 Fiscal 2023 Earnings Conference Call March 23, 2023 9:00 AM ET Company Participants Marcus Rogier - Treasurer and Investor Relations Officer Andy Rose - President and Chief Executive Officer Joe Hayek - Chief Financial Officer Tim Adams - CFO of the Steel Processing business Conference Call Participants Martin Englert - Seaport Research Partners Katja Jancic - BMO Capital Markets John Tumazos - John Tumazos Very Independent Research, LLC Phil Gibbs - Keybanc Operator Good afternoon, and welcome to the Worthington Industries' Third Quarter Fiscal 2023 Earnings Conference Call. All participants will be able to listen only until the question-and-answer session of the call.

Worthington Industries, Inc. (WOR) Q3 Fiscal 2023 Earnings Conference Call Transcript

Worthington Industries Inc (NYSE: WOR) is trading about 20% up this morning after reporting strong results for its fiscal third quarter. Worthington declares quarterly dividend Shares of the metals manufacturing company are up also because it announced a quarterly dividend of 31 cents per share.

Worthington stock is up 20% on Thursday: explained here

COLUMBUS, Ohio, March 22, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.1 billion and net earnings of $46.3 million, or $0.94 per diluted share, for its fiscal 2023 third quarter ended February 28, 2023. In the third quarter of fiscal 2022, the Company reported net sales of $1.4 billion and net earnings of $56.3 million, or $1.11 per diluted share. Results in both the current and prior year quarter were impacted by certain unique items, as summarized in the table below.

Worthington Reports Third Quarter Fiscal 2023 Results

COLUMBUS, Ohio, March 21, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced it has earned recognition as a Partner-level supplier for 2022 in the John Deere Achieving Excellence Program, marking its 11th consecutive year achieving this honor. Partner-level status is Deere & Company's highest supplier rating. Worthington was selected in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement. Worthington previously received its second Hall of Fame status in 2021, after attaining a Partner-level rating for 10 consecutive years.

Worthington Industries Earns Recognition as a John Deere “Partner-level Supplier” – the Company's Highest Supplier Rating – for the 11th Consecutive Year

Is Worthington Industries (WOR) Stock Undervalued Right Now?

COLUMBUS, Ohio, March 01, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its third quarter results after the market closes on Wednesday, March 22, 2023. The Company will webcast a live discussion of these results on Thursday, March 23 at 9 a.m. ET. The webcast will be available at www.WorthingtonIndustries.com and will be archived for one year.

Worthington Industries to Webcast Discussion of Third Quarter 2023 Results on March 23

COLUMBUS, Ohio, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR), a leading industrial manufacturing company, today announced the senior leadership teams for New Worthington and Worthington Steel, effective upon completion of Worthington's planned separation of the Steel Processing business.

Worthington Industries Announces Leadership Teams for New Worthington and Worthington Steel and Related Activities

Appoints John H. McConnell II to the Board of Directors; John P. McConnell Intends to Step Down in June Appoints John H. McConnell II to the Board of Directors; John P. McConnell Intends to Step Down in June

Worthington Industries Board of Directors Implements Board Transition Plan

Worthington Industries is a long-term value creator in a cyclical industry. The company is seeing some tougher times, but underlying performance remains solid.

Worthington Industries: Strong Despite Some Cracks

Worthington Industries, Inc. (NYSE:WOR ) Q2 2023 Earnings Conference Call December 21, 2022 8:30 AM ET Company Participants Marcus Rogier - Investor Relations Andy Rose - President and Chief Executive Officer Joe Hayek - Chief Financial Officer Geoff Gilmore - Chief Operating Officer Conference Call Participants Phil Gibbs - KeyBanc Capital Markets Katja Jancic - BMO Capital Markets John Tumazos - John Tumazos Very Independent Research Operator Good morning and welcome to the Worthington Industries Second Quarter Fiscal 2023 Earnings Conference Call. All participants will be able to listen-only until the question-and-answer session of the call.

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