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, June 22, 2022 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE: WOR) has declared a quarterly dividend of $0.31 per share, an increase of $0.03 per share or 11% from the prior quarter. The dividend is payable on Sept. 29, 2022, to shareholders of record on Sept. 15, 2022. Worthington has paid a quarterly dividend since it became a public company in 1968 and this marks the 12th consecutive year the Company has increased its dividend.

Worthington Industries Increases Quarterly Dividend

COLUMBUS, Ohio, June 07, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its fourth quarter results after the market closes on Wednesday, June 22, 2022. The Company will webcast a live discussion of these results on Thursday, June 23 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 Fourth Quarter 2022 Results on June 23

COLUMBUS, Ohio, June 02, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced the acquisition of Level5® Tools, LLC, a leading provider of drywall tools, including automatic drywall taping and finishing tools, skimming blades, hand tools and accessories. The acquisition expands Worthington's consumer products brands and offerings in its tools category. Level5 serves drywall finishing professionals and DIYers through a network of distributors and retailers and leads the drywall tools market in online sales.

Worthington Industries Acquires Drywall Tools Company Level5® Tools, LLC

COLUMBUS, Ohio, May 25, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR), a leading industrial manufacturer, is applauding the passage of legislation in Connecticut that requires an industry-led, convenient and operationally efficient stewardship recycling program for certain residential gas cylinders.

Collaboration Leads the Way in Connecticut to New Extended Producer Responsibility Law for Management of Discarded Residential Gas Cylinders

COLUMBUS, Ohio, April 07, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced that the Company was named a GM Supplier of the Year winner in General Motors' 30th annual Supplier of the Year awards. This is Worthington's second consecutive year achieving this distinction.

Worthington Industries Named a 2021 Supplier of the Year by General Motors

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Worthington Industries, Inc. (WOR) CEO Andy Rose on Q3 2022 Results - Earnings Call Transcript

COLUMBUS, Ohio, March 23, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced plans to set greenhouse gas (GHG) emissions reduction targets that are aligned with a 1.5 degree Celsius science-based target, setting a pathway to net-zero emissions by 2050. The Company will apply to the Science Based Targets initiative (SBTi) to attain formal verification later this year. Worthington also announced that the Company will strategically focus on products and services that support reductions in GHG emissions including its automotive lightweighting technologies, electrical steel laminations for electric vehicles, transformers and wind turbines, gas containment systems for the growing hydrogen ecosystem and connected products that support reduced fuel consumption.

Worthington Industries Announces Commitment to Science-Based Target for GHG Emissions Reduction and Enhanced Strategic Focus on Solutions that Support Sustainability

Worthington (WOR) delivered earnings and revenue surprises of -17.52% and 6.45%, respectively, for the quarter ended February 2022. Do the numbers hold clues to what lies ahead for the stock?

Worthington Industries (WOR) Q3 Earnings Miss Estimates

COLUMBUS, Ohio, March 22, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.4 billion and net earnings of $56.3 million, or $1.11 per diluted share, for its fiscal 2022 third quarter ended February 28, 2022. In the third quarter of fiscal 2021, the Company reported net sales of $759.1 million and net earnings of $67.6 million, or $1.27 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 2022 Results

COLUMBUS, Ohio, March 22, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced it has earned recognition as a Partner-level supplier for 2021 and was inducted into the 10-year Supplier Hall of Fame in the John Deere Achieving Excellence Program. Hall of Fame status is given after a supplier attains a Partner-level rating for five consecutive years, and this marks Worthington's second back-to-back appearance in this category. The Partner-level status is Deere & Company's highest supplier rating. Worthington was selected for this honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement.

Worthington Industries Earns Recognition as a John Deere “Partner-level Supplier” and 10-Year Hall of Fame Supplier

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Should You Buy Worthington Industries (WOR) After Golden Cross?

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COLUMBUS, Ohio, March 01, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its third quarter results after the market closes on Tuesday, March 22, 2022. The Company will webcast a live discussion of these results on Wednesday, March 23 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 Third Quarter 2022 Results on March 23

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Worthington Industries, Inc. (NYSE: WOR) has announced a quarterly dividend. These are the details.

Worthington Industries Stock (WOR): Quarterly Dividend Announced

Worthington Industries, Inc. (WOR) CEO Andy Rose on Q2 2022 Results - Earnings Call Transcript

Worthington Industries, Inc. (NYSE: WOR) reported second-quarter FY22 net sales growth of 68.6% year-over-year to $1.23 billion, missing the consensus of $1.25 billion. The increase in sales reflected higher average direct selling prices in Steel Processing.

Worthington Industries Registers 69% Sales Growth In Q2

Worthington (WOR) delivered earnings and revenue surprises of 34.18% and 1.20%, respectively, for the quarter ended November 2021. Do the numbers hold clues to what lies ahead for the stock?

Worthington Industries (WOR) Q2 Earnings Surpass Estimates

Worthington Industries (NYSE:WOR) reported its Q2 earnings results on Thursday, December 16, 2021 at 06:45 AM. Here's what investors need to know about the announcement.

Worthington Industries: Q2 Earnings Insights

COLUMBUS, Ohio, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.2 billion and net earnings of $110.3 million, or $2.15 per diluted share, for its fiscal 2022 second quarter ended Nov. 30, 2021. In the second quarter of fiscal 2021, the Company reported net sales of $731.1 million and a net loss of $74.0 million, or $(1.40) 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 2022 Results

Worthington Industries (NYSE:WOR) is set to give its latest quarterly earnings report on Thursday, 2021-12-16. Here's what investors need to know before the announcement.

A Preview Of Worthington Industries's Earnings

Worthington (WOR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Worthington Industries (WOR) Reports Next Week: Wall Street Expects Earnings Growth

COLUMBUS, Ohio, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. [NYSE: WOR] today announced that its Steel Processing segment has completed its acquisition of Tempel Steel Company, a leading global manufacturer of precision motor and transformer laminations for the electrical steel market that includes transformers, machine motors and electric vehicle (EV) motors. The purchase price was approximately $255 million and adds five manufacturing facilities located in Chicago, Canada, China, India and Mexico.

Worthington Industries Acquires Tempel Steel Company

COLUMBUS, Ohio, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its second quarter results before the market opens on Thursday, Dec. 16, 2021. The Company will webcast a live discussion of these results at 2 p.m. ET that afternoon. The webcast will be available at www.WorthingtonIndustries.com and will be archived for one year.

News for Worthington Industries Stock (WOR)