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 Q1 2025

Earnings data Q2 2025

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.

Luxfer Hlds

Worthington (WOR) divests Structural Composites Industries business to Luxfer. The move will free resources that can be utilized for strengthening mobility markets of Asia and Europe.

Worthington (WOR) Divests Structural Composites to Luxfer

COLUMBUS, Ohio, March 15, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced that it sold its Structural Composites Industries (SCI) facility in Pomona, Calf., to Luxfer Holdings PLC (NYSE: LXFR).   Following the divestiture of the unprofitable operation, Worthington will continue to focus its investments and attention on the growing sustainable mobility markets in Europe and Asia where strict, mandated emissions reductions are accelerating growth in hydrogen and compressed natural gas (CNG). The Company will also continue to supply Self-Contained Breathing Apparatus (SCBA) cylinders for firefighters and first responders from its European locations to customers in Europe and Asia.

Worthington Industries Divests Structural Composites Industries Facility

MANCHESTER, England--(BUSINESS WIRE)--Luxfer Announces the Strategic Acquisition of Structural Composites Industries (SCI)

Luxfer Announces the Strategic Acquisition of Structural Composites Industries (SCI)

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COLUMBUS, Ohio, March 01, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its third quarter results before the market opens on Wednesday, March 24, 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.

Worthington Industries to Webcast Discussion of Third Quarter 2021 Results on March 24

COLUMBUS, Ohio, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) announced today that Joe Hayek, Vice President and CFO, will present at Cowen's 42nd Annual Aerospace/Defense & Industrials Conference on Feb. 11 at 1:30 p.m. ET. He will provide investors with an update on the Company's operations, financial performance and growth strategy.

Worthington Industries to Present at Cowen's 42nd Annual Aerospace/Defense & Industrials Conference – February 11, 2021

COLUMBUS, Ohio, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced the release of ThermaGuard™ hydrogen cylinders, a new product optimized to meet the unique needs of hydrogen fuel. Meticulously developed using Worthington's aerospace-grade standards, ThermaGuard hydrogen cylinders are proven to be a more efficient means of transporting and storing high-pressure hydrogen gas.

Worthington Industries introduces ThermaGuard™ hydrogen cylinders, a new solution for transporting and storing high-pressure hydrogen gas

COLUMBUS, Ohio, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced that it sold its oil & gas equipment business to an affiliate of Ten Oaks Group. The divestiture includes the related operating assets located in Bremen, Ohio and Tulsa, Okla.   Worthington retained the real estate associated with the business and is leasing it back to the new owners, who will operate the business as Westerman, Inc.

Worthington Industries Divests Oil & Gas Equipment Business

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COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Worthington Industries Inc. (NYSE: WOR) today announced the acquisition of PTEC Pressure Technology GmbH, a leading independent designer and manufacturer of valves and components for high-pressure hydrogen and compressed natural gas (CNG) storage, transport and onboard fueling systems, based in Germany.

Worthington Industries Acquires German Valve and Component Company

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Worthington Industries, Inc. (WOR) CEO Andy Rose on Q2 2021 Results - Earnings Call Transcript

Shares of Worthington Industries (NYSE:WOR) moved higher by 0.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 37.68% year over year to $0.95, which beat the estimate of $0.68.

Recap: Worthington Industries Q2 Earnings

COLUMBUS, Ohio, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $731.1 million and a net loss of $74.0 million, or $(1.40) per diluted share, for its fiscal 2021 second quarter ended November 30, 2020. In the second quarter of fiscal 2020, the Company reported net sales of $827.6 million and net earnings of $52.1 million, or $0.93 per diluted share. Results in both the current and prior year quarter were impacted by several unique items, as summarized below, including a combined pre-tax loss of $148.4 million, or $(2.18) per diluted share, in the current quarter related to the Company's investment in Nikola Corporation (“Nikola”). See Recent Developments below for further information regarding the Company's investment in Nikola.  

Worthington Reports Second Quarter Fiscal 2021 Results

COLUMBUS, Ohio, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its second quarter results before the market opens on Thursday, Dec. 17, 2020. 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.

Worthington Industries to Webcast Discussion of Second Quarter 2021 Results on December 17

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COLUMBUS, Ohio, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) announced today that Joe Hayek, Vice President and CFO, will present at Baird's 2020 Virtual Global Industrials Conference on Nov. 12 at 12:50 p.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 2020 Virtual Global Industrials Conference – November 12, 2020

HOUSTON, Nov. 2, 2020 /PRNewswire/ -- Milton Street Capital, a Houston-based lower middle market private equity firm, announced the simultaneous acquisition of the Life Sciences business of Worthington Industries and International Cryogenics, Inc. Following the closing, these two...

Milton Street Capital forms IC Biomedical, acquiring the Life Sciences business of Worthington Industries and International Cryogenics, Inc.

After a formidable rise of more than 140% since the March lows of this year and having surpassed its pre-Covid peak of this year, at the current price around $50 per share, Worthington Industries stock looks overvalued. Worthington Industries is a value-added steel processor, and manufactures.

Worthington Industries To See 15% Drop In Value?

As of late, it has definitely been a great time to be an investor of Worthington Industries (WOR).

News for Worthington Industries Stock (WOR)