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 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.

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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 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.

Down 10.4% in 4 Weeks, Here's Why You Should You Buy the Dip in Worthington (WOR)

COLUMBUS, Ohio, June 10, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced that the Company divided its Pressure Cylinders segment into three new reporting segments: Consumer Products, Building Products and Sustainable Energy Solutions, effective June 1, 2021, the start of the Company's new fiscal year. The three new reporting segments are in addition to its Steel Processing segment.

Worthington Industries Announces New Reporting Segments

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15 Upcoming Dividend Increases Including A New Dividend King

Worthington's (WOR) buyout of the U.S. BlankLight business of Shiloh Industries is anticipated to enhance the company's laser-welded products and steel processing businesses.

Worthington (WOR) Boosts Laser Welding With BlankLight Buyout

COLUMBUS, Ohio, June 08, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced the acquisition of certain assets of Shiloh Industries' U.S. BlankLight® business, a leading provider of laser welded solutions that deliver material savings, weight and cost reductions and increased fuel efficiency to the mobility market. The acquisition expands the capacity and capabilities of Worthington's laser welded products joint venture, TWB Company, LLC, with the addition of three facilities and adds a blanking facility to its Steel Processing business.

Worthington Industries Acquires Shiloh's U.S. BlankLight® Business

COLUMBUS, Ohio, June 02, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its fourth quarter results before the market opens on Thursday, June 24, 2021. The Company will webcast a live discussion of these results at 9:30 a.m. ET that morning. The webcast will be available at www.WorthingtonIndustries.com and will be archived for one year.

Worthington Industries to Webcast Discussion of Fourth Quarter 2021 Results on June 24

COLUMBUS, May 26, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) announced today that Joe Hayek, Vice President and CFO, will present at KeyBanc's Industrials & Basic Materials Conference on June 1 at 9:20 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 KeyBanc Industrials & Basic Materials Conference – June 1, 2021

COLUMBUS, Ohio, April 16, 2021 (GLOBE NEWSWIRE) -- The U.S. International Trade Commission (ITC) today determined that unfairly traded imports of DOT-39 non-refillable steel cylinders from China have materially injured Worthington Industries. These cylinders deliver gases that are critical for HVAC and refrigeration and service the construction industry.

Worthington Industries Lauds ITC's Affirmative Vote in Chinese Non-Refillable Steel Cylinders Trade Case

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Worthington (WOR), with a 32% rise in shares in the past three months, gains from a hiked quarterly dividend rate, share-buyback program, portfolio-restructuring moves, and solid product offerings.

Worthington (WOR) Shares Gain 32% in 3 Months: What's Driving It?

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In this article series, we provide a weekly summary of dividend changes. A summary table presents relevant data and key statistics of dividend increases.

Dividend Increases: March 20-26, 2021

Worthington Industries has seen a solid quarter as it managed its stake in Nikola very well. The company has a great long term value creating track record, a strong balance sheet following its exit in Nikola, and very profitable joint ventures.

Worthington Industries: Steady Name

Worthington (WOR) to reward shareholders with a hiked quarterly dividend rate and an incremental share buyback program. This underpins its strong cash position.

Worthington's (WOR) Board Okays Dividend Hike & Share Buyback

Worthington Industries, Inc. (WOR) CEO Andy Rose on Q3 2021 Results - Earnings Call Transcript

Shares of Worthington Industries Inc. rose 2.0% in morning trading Wednesday, after the Ohio-based industrial manufacturing company said it raised its dividend by 12% and more than doubled the number of shares it is authorized to repurchase. The company said the new quarterly dividend of 28 cents a share, up from 25 cents, will be payable June 29 to shareholders of record on June 15.

Worthington boosts dividend by 12%, more than doubles stock repurchase authorization

COLUMBUS, Ohio, March 24, 2021 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE: WOR) has declared a quarterly dividend of $0.28 per share, an increase of $0.03 per share from the prior quarter. The dividend is payable on June 29, 2021, to shareholders of record June 15, 2021. Worthington has paid a quarterly dividend since it became a public company in 1968 and this marks the 11th consecutive year the Company has increased its dividend.

Worthington Industries Increases Quarterly Dividend; Authorizes Share Repurchase

Shares of Worthington Industries (NYSE:WOR) moved higher by 0.4% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 112.50% year over year to $1.36, which beat the estimate of $1.25.

Worthington Industries: Q3 Earnings Insights

COLUMBUS, Ohio, March 24, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $759.1 million and net earnings of $67.6 million, or $1.27 per diluted share, for its fiscal 2021 third quarter ended February 28, 2021. In the third quarter of fiscal 2020, the Company reported net sales of $764.0 million and net earnings of $15.3 million, or $0.27 per diluted share. Results in both the current and prior year quarter were impacted by several unique items, as summarized in the table below.

Worthington Reports Third Quarter Fiscal 2021 Results

On Wednesday, March 24, Worthington Industries (NYSE:WOR) will release its latest earnings report. Here is Benzinga's outlook for the company.

Worthington Industries Earnings: A Preview

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

News for Worthington Industries Stock (WOR)