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 Q4 2021

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Earnings data Q3 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.

Worthington Industries excels in Q2 2025, eyes growth through sustainability

Worthington Industries demonstrated strong financial performance, operational resilience, and strategic growth initiatives in Q2 2025, positioning the company for future success.
While facing challenges in certain segments, Worthington's focus on innovation, sustainability, and strategic acquisitions presents opportunities for continued growth and market leadership.
Analyst inquiries highlighted areas for potential improvement and clarity, signaling the importance of effective communication and strategic decision-making for Worthington's future success.

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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.

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.

Worthington Industries, Inc. (WOR) Q2 2023 Earnings Call Transcript

COLUMBUS, Ohio, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.2 billion and net earnings of $16.2 million, or $0.33 per diluted share, for its fiscal 2023 second quarter ended November 30, 2022. In the second quarter of fiscal 2022, the Company reported net sales of $1.2 billion and net earnings of $110.3 million, or $2.15 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 Second Quarter Fiscal 2023 Results

COLUMBUS, Ohio, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its second quarter results after the market closes on Tuesday, Dec. 20, 2022. The Company will webcast a live discussion of these results on Wednesday, Dec. 21 at 8:30 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 Second Quarter 2023 Results on December 21

NEW YORK--(BUSINESS WIRE)--Marubeni-Itochu Steel Inc. “MISI” today announced that through its North American subsidiary, Marubeni-Itochu Steel America Inc. “MISA”, it has completed its acquisition of Worthington Specialty Processing's remaining facility, located in Jackson, Michigan.

Marubeni-Itochu Steel Inc. Acquires Worthington Specialty Processing's Jackson Plant

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WOR, $42.24, Market Capitalization: $2.05 billion), a leading industrial manufacturing company, announced that its Board of Directors unanimously approved a plan to pursue a separation of the Company's Steel Processing business into a new public company.

Worthington Industries To Spin-Off Its Steel Processing Business Into An Independent Publicly Traded Company

Worthington Industries, Inc. (NYSE:WOR ) Q1 2023 Earnings Conference Call September 29, 2022 8:30 AM ET Company Participants Marcus Rogier - Treasurer and IR Officer Andy Rose - President & CEO Joseph Hayek - CFO Conference Call Participants Martin Englert - Seaport Research Partners Phil Gibbs - KeyBanc Capital Markets Seth Rosenfeld - BNP Paribas Katja Jancic - BMO Capital Markets John Tumazos - JTI Research Operator Good morning, and welcome to the Worthington Industries First 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) Q1 2023 Earnings Call Transcript

Worthington (WOR) delivered earnings and revenue surprises of -7.47% and 14.71%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock?

Worthington Industries (WOR) Lags Q1 Earnings Estimates

Worthington Industries Inc. WOR, +1.89% said Thursday its board approved a plan to separate the company's steel processing business into a new public company, through a distribution of stock in the business. The Columbus, Ohio-based industrial company said the Steel Processing separation is expected to be tax-free to shareholders when it takes place as expected in early 2024.

Worthington Industries to separate into two publicly-traded companies in 2024

COLUMBUS, Ohio, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.4 billion and net earnings of $64.1 million, or $1.30 per diluted share, for its fiscal 2023 first quarter ended August 31, 2022. In the first quarter of fiscal 2022, the Company reported net sales of $1.1 billion and net earnings of $132.5 million, or $2.55 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 First Quarter Fiscal 2023 Results

COLUMBUS, Ohio, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR), a leading industrial manufacturing company, today announced that its Board of Directors unanimously approved a plan to pursue a separation of the Company's Steel Processing business into a new public company. Worthington Industries plans to effect the separation via a distribution of stock of the Steel Processing business, which is expected to be tax-free to shareholders for U.S. federal income tax purposes. The Company expects to complete the separation by early 2024. The planned separation will result in two independent, publicly traded companies, each poised to capitalize on differentiated growth and value creation strategies.

Worthington Industries Announces Plan to Separate Steel Processing Business, Unlocking Value by Creating New Standalone Public Company

Investors will be eyeing Worthington's first quarter earnings to see if the company can beat earnings expectations again and show resilience amidst rising inflation. Worthington's performance over the last few years is an indicator that the company may have pricing power as a steel processor.

Worthington Earnings Preview: Can the Steel Stock Beat Expectations Again?

COLUMBUS, Ohio, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) announced today the release of its 2022 Corporate Citizenship and Sustainability Report, reflecting on the Company's progress and performance metrics in several key areas, including culture, citizenship, corporate governance, environmental protection and innovation. The report can be viewed on the Company's website at https://worthingtonindustries.com/company/sustainability .

Worthington Industries Releases 2022 Corporate Citizenship and Sustainability Report

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COLUMBUS, Ohio, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its first quarter results before the market opens on Thursday, Sept. 29, 2022. The Company will webcast a live discussion of these results that day at 8:30 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 First Quarter 2023 Results on September 29

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Worthington (WOR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Worthington (WOR) Gain on Rising Earnings Estimates?

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Worthington Industries (NYSE: WOR) shares are trading higher after the company reported better-than-expected fourth quarter earnings per share and sales results. Worthington Industries, Inc. today reported net sales of $1.5 billion and net earnings of $80.3 million, or $1.61 per diluted share, for.

Why Shares Of Worthington Industries Are Trading Higher Today

Worthington Industries, Inc. (NYSE:WOR ) Q4 2022 Earnings Conference Call June 23, 2022 8:30 AM ET Company Participants Marcus Rogier - Treasurer & IR Officer Andy Rose - President and CEO Joe Hayek - CFO Conference Call Participants Martin Englert - Seaport Research Partners Phil Gibbs - KeyBanc Capital Markets John Tumazos - John Tumazos Very Independent Research Operator Good morning, and welcome to the Worthington Industries Fourth Quarter Fiscal 2022 Earnings Conference Call. All participants will be able to listen-only until the question-and-answer session of the call.

Worthington Industries, Inc. (WOR) CEO Andy Rose on Q4 2022 Results - Earnings Call Transcript

Worthington Industries (NYSE: WOR) is a global diversified metals and manufacturing company based out of Columbus, Ohio. It manufactures a range of steel processing products such as propane,

News for Worthington Industries Stock (WOR)