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.

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Worthington Industries Announces New Tools and Outdoor Living Products Available at Retailers Nationwide

COLUMBUS, Ohio, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) announced today that Joe Hayek, Vice President and CFO, will present at Baird's 2021 Virtual Global Industrial Conference on Nov. 11 at 9:05 a.m. ET. He will provide investors with an update on the Company's operations, financial performance and growth strategy.

Worthington Industries to Present at Baird 2021 Virtual Global Industrial Conference – November 11, 2021

COLUMBUS, Ohio, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced that its Steel Processing segment has signed an agreement to acquire Tempel Steel Company, one of the world's leading manufacturers of precision motor and transformer laminations for the electrical steel market. Tempel is a global business and manufactures in five facilities located in Chicago, Canada, China, India and Mexico.

Worthington Industries To Purchase Electrical Steel Company Tempel Steel

COLUMBUS, Ohio, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced that it will host a Virtual Investor & Analyst Day event on Nov. 10, 2021, beginning at 9:30 a.m. ET.

Worthington Industries to Host Virtual Investor & Analyst Day on Nov. 10

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Is Worthington Industries (WOR) a great pick from the value investor's perspective right now? Read on to know more.

Is Worthington Industries (WOR) a Potential Stock for Value Investors?

COLUMBUS, Ohio, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) announced today the release of its 2021 Corporate Citizenship and Sustainability Report, summarizing the Company's key accomplishments and performance metrics achieved during fiscal 2021 across several important areas, including culture, citizenship, corporate governance and environmental health and safety. The report can be viewed on the Company's website at https://worthingtonindustries.com/Sustainability-Report .

Worthington Industries Releases its 2021 Corporate Citizenship and Sustainability Report

LEXINGTON, Ky.--(BUSINESS WIRE)--Shiloh Industries, a portfolio company of MiddleGround Capital, acquires two US automotive facilities from Benteler

Shiloh Industries, a Portfolio Company of MiddleGround Capital, Acquires Two US Automotive Facilities From Benteler

Worthington Industries(NYSE:WOR) stock fell by 2.84% on Thursday after the company reported its Q1 earnings results on Wednesday, September 29, 2021 at 06:45 AM. Here's what investors need to know about the announcement.

Recap: Worthington Industries Q1 Earnings

Worthington Industries, Inc. (WOR) CEO Andy Rose on Q1 2022 Results - Earnings Call Transcript

Worthington Industries, Inc. (NYSE: WOR) reported first-quarter FY22 net sales growth of 58% year-over-year to $1.11 billion, beating the consensus of $1.08 billion. The increase in sales was driven primarily by higher average direct selling prices in Steel Processing.

Worthington Industries Q1 Earnings Beat Estimates

The stock price of Worthington Industries, Inc. (NYSE: WOR) increased by over 7% during intraday trading this morning. This is why it happened.

WOR Stock: Why It Increased Today

COLUMBUS, Ohio, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.1 billion and net earnings of $132.5 million, or $2.55 per diluted share, for its fiscal 2022 first quarter ended August 31, 2021. In the first quarter of fiscal 2021, the Company reported net sales of $702.9 million and net earnings of $616.7 million, or $11.22 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 2022 Results

Worthington (WOR) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

Looking for Value? Why It Might Be Time to Try Worthington (WOR)

Worthington (WOR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Worthington (WOR) This Earnings Season?

COLUMBUS, Ohio, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its first quarter results before the market opens on Wednesday, Sept. 29, 2021. The Company will webcast a live discussion of these results at 2:30 p.m. ET that afternoon. The webcast will be available at www.WorthingtonIndustries.com and will be archived for one year.

Worthington Industries to Webcast Discussion of First Quarter 2022 Results on September 29

COLUMBUS, Ohio, July 28, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) announced today that Joe Hayek, Vice President and CFO, will present at Jefferies Virtual Industrials Conference on Aug. 3 at 11 a.m. ET. He will provide investors with an update on the Company's operations, financial performance and growth strategy.

Worthington Industries to Present at Jefferies Industrials Conference – August 3, 2021

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While demand in the Zacks Metal Products - Procurement and Fabrication industry's end markets remains strong, it remains constrained by supply chain challenges and high input costs. In this scenario, NHYDY, TKR, WOR, MLI and TRS are betting on cost management and automation to drive margins.

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Why Worthington (WOR) Could Be a Top Value Stock Pick

COLUMBUS, Ohio, June 28, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced that the Company was named a GM Supplier of the Year winner in General Motors' 29th annual Supplier of the Year awards.

Worthington Industries Named a 2020 Supplier of the Year by General Motors

Worthington Industries, Inc. (WOR) CEO Andy Rose on Q4 2021 Results - Earnings Call Transcript

COLUMBUS, Ohio, June 23, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $978.3 million and net earnings of $113.6 million, or $2.15 per diluted share, for its fiscal 2021 fourth quarter ended May 31, 2021. In the fourth quarter of fiscal 2020, the Company reported net sales of $611.6 million and net earnings of $16.2 million, or $0.29 per diluted share. Results in both the current and prior year quarters were impacted by certain unique items, as summarized in the table below.

Worthington Reports Fourth Quarter Fiscal 2021 Results

Worthington Industries (NYSE:WOR) announces its next round of earnings this Thursday, June 24. Here is Benzinga's everything-that-matters guide for this Thursday's Q4 earnings announcement.

Earnings Preview: Worthington Industries

Worthington (WOR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

News for Worthington Industries Stock (WOR)