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

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

COLUMBUS, Ohio, March  19, 2020  (GLOBE NEWSWIRE) -- Worthington Specialty Processing (WSP), a joint venture between Worthington Industries, Inc. (NYSE: WOR) and United States Steel Corporation (NYSE: X), today announced a plan to consolidate its operations. Under the consolidation plan, WSP will close its Canton, Mich., facility. Its two remaining facilities in Jackson and Taylor, Mich. will continue to operate. The closure of the Canton operation is expected to be complete by May 29, 2020. WSP processes wide-sheet steel primarily for the auto industry.

Worthington Specialty Processing Announces Consolidation of Operations

Worthington Industries Inc. WOR, +1.62% indicated Tuesday that 122 employees will be affected by its plan to close its oil and gas equipment manufacturing operation in Wooster, Ohio by the end of May, and consolidate the operations into the existing facility in Bremen, Ohio.

Worthington Industries to close oil and gas operations in Wooster, Ohio, affecting 122 employees

COLUMBUS, Ohio, Feb.  12, 2020  (GLOBE NEWSWIRE) -- Worthington Industries Inc. (NYSE: WOR) today announced a plan to consolidate its oil and gas equipment manufacturing operation in Wooster, Ohio into its existing facility in Bremen, Ohio. The consolidation will help utilize available capacity at Bremen which manufactures similar products. The closure of the Wooster operation is expected to be complete by May 31, 2020. 

Worthington Industries Announces Consolidation of Oil and Gas Operations

Worthington's (WOR) buyout of a majority stake in JV, Samuel Steel Pickling, and subsequent integration of Heidtman Steel's Cleveland facility to the venture will likely enhance growth opportunities.

Worthington Acquires Majority Stake in Samuel Steel Pickling

COLUMBUS, Ohio, Jan.  06, 2020  (GLOBE NEWSWIRE) -- Worthington Industries Inc. (NYSE: WOR) today announced it has acquired a majority ownership of the Samuel Steel Pickling Company, a joint venture Worthington has had with Samuel, Son & Co. since 2010.

Worthington Industries Acquires a Majority Ownership of Samuel Steel Pickling Company

Worthington Industries (WOR) stock may be a good choice for value-oriented investors right now from multiple angles.

Can Value Investors Consider Worthington Industries (WOR)?

COLUMBUS, Ohio, Dec.  19, 2019  (GLOBE NEWSWIRE) -- Women Inc., a leading magazine dedicated to comprehensive coverage of women’s achievement in business, named Worthington Industries Board Directors Kerrii B. Anderson and Mary Schiavo as two of the magazine’s 2019 Most Influential Corporate Directors. Women Inc’s Most Influential Corporate Directors issue is the most comprehensive listing of women executives, influencers and achievers contributing leadership to corporate boards.

Worthington Industries Board Members Named 2019 Most Influential Corporate Directors by Women Inc. Magazine

Enerpac Tool Group Corp

SiteOne Landscape Supply

Tennant

Industrial production rebounds in November, reflecting the biggest month-over-month gain since October 2017. The improvement in the index is a healthy sign for manufacturing companies.

Industrial Production Revives In November: 5 Promising Picks

Worthington Industries, Inc. (WOR) Management on Q2 2020 Results - Earnings Call Transcript

COLUMBUS, Ohio, Dec.  17, 2019  (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.24 per share. The dividend is payable on March 27, 2020, to shareholders of record March 13, 2020. Worthington has paid a quarterly dividend since it became a public company in 1968.

Worthington Industries  Declares Quarterly Dividend

Worthington (WOR) delivered earnings and revenue surprises of 18.97% and 5.23%, respectively, for the quarter ended November 2019. Do the numbers hold clues to what lies ahead for the stock?

Worthington Industries (WOR) Surpasses Q2 Earnings and Revenue Estimates

COLUMBUS, Ohio, Dec.  17, 2019  (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $827.6 million and net earnings of $52.1 million, or $0.93 per diluted share, for its fiscal 2020 second quarter ended November 30, 2019.  Net earnings for the current quarter benefited from a pre-tax gain of $23.1 million, or $0.33 per share, recorded in equity income related to the sale of the international operations of the WAVE joint venture.  Estimated current quarter inventory holding losses in Steel Processing were $6.5 million, or $0.09 per share.  In the second quarter of fiscal 2019, the Company reported net sales of $958.2 million and net earnings of $34.0 million, or $0.57 per diluted share.  Estimated inventory holding gains of $0.8 million in the prior year quarter were largely offset by pre-tax restructuring charges of $0.4 million.

Worthington Reports Second Quarter Fiscal 2020 Results

Worthington (WOR) possesses 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) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

COLUMBUS, Ohio, Oct.  29, 2019  (GLOBE NEWSWIRE) -- TWB Company, LLC, Worthington Industries (NYSE:WOR) tailor welded blanking joint venture, was named a GM Supplier of the Year by General Motors. GM recognized 133 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company.

Worthington Joint Venture, TWB Company, Recognized by General Motors as a 2018 Supplier of the Year

COLUMBUS, Ohio, Oct.  16, 2019  (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced that it will host an Investor Day event in New York, N.Y. on Nov. 13, 2019. Presentations by the Company’s executive management team will provide an overview of the Company’s operations, financial performance and long-term growth strategy.

Worthington Industries to Host Investor Day in NYC

Worthington (WOR) acquires Heidtman Steel Products' pickling and slitting facility, and strengthens its processing capacity for value-added steel.

Worthington Boosts Capacity With Heidtman's Facility Buyout

COLUMBUS, Ohio, Oct.  07, 2019  (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced it has acquired Heidtman Steel Products, Inc.’s pickling and slitting facility located in Cleveland.

Worthington Industries Acquires Heidtman Steel Processing Facility in Cleveland

Worthington Industries, Inc. (WOR) CEO John McConnell on Q1 2020 - Earnings Call Transcript

COLUMBUS, Ohio, Sept.  25, 2019  (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.24 per share. The dividend is payable on Dec. 27, 2019, to shareholders of record Dec. 13, 2019. Worthington has paid a quarterly dividend since it became a public company in 1968.

Worthington Industries Declares Quarterly Dividend.

Worthington (WOR) delivered earnings and revenue surprises of -22.22% and -3.29%, respectively, for the quarter ended August 2019. Do the numbers hold clues to what lies ahead for the stock?

Worthington Industries (WOR) Lags Q1 Earnings and Revenue Estimates

COLUMBUS, Ohio, Sept.  25, 2019  (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $855.9 million and a net loss of $4.8 million, or $(0.09) per share, for its fiscal 2020 first quarter ended August 31, 2019.  Results for the current quarter were negatively impacted by pre-tax impairment and restructuring charges of $45.3 million, of which $4.2 million was recorded in equity income.  The after-tax impact of these items reduced earnings per share by $0.65.  Results for the current quarter were also negatively impacted by a $4.0 million charge related to the early extinguishment of debt and estimated inventory holding losses in Steel Processing of $8.4 million, which reduced earnings per share by an additional $0.06 and $0.11, respectively.  The impact of these items was partially offset by a pre-tax benefit of $12.8 million, or $0.17 per share, related to the early termination of a customer take-or-pay contract in Pressure Cylinders, which accelerated the recognition of the related future earnings into the current quarter.  In the first quarter of fiscal 2019, the Company reported net sales of $988.1 million and net earnings of $54.9 million, or $0.91 per share.  Net earnings in the first quarter of fiscal 2019 were negatively impacted by pre-tax impairment and restructuring charges totaling $1.4 million, which reduced earnings per share by $0.01.  Inventory holding gains in the prior year quarter were estimated to be $14.0 million, which increased earnings by $0.17 per share.

Worthington Reports First Quarter Fiscal 2020 Results

Analysts Estimate Worthington Industries (WOR) to Report a Decline in Earnings: What to Look Out for

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Worthington Industries (WOR) have what it takes?

News for Worthington Industries Stock (WOR)