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Worthington Industries Inc  (WOR)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 
Price: $51.8400 $-0.06 -0.116%
Day's High: $52.45 Week Perf: -1.24 %
Day's Low: $ 52.25 30 Day Perf: -11.19 %
Volume (M): 3 52 Wk High: $ 77.42
Volume (M$): $ 176 52 Wk Avg: $62.36
Open: $50.89 52 Wk Low: $45.26



 Market Capitalization (Millions $) 2,586
 Shares Outstanding (Millions) 50
 Employees 10,500
 Revenues (TTM) (Millions $) 4,701
 Net Income (TTM) (Millions $) 304
 Cash Flow (TTM) (Millions $) 165
 Capital Exp. (TTM) (Millions $) 96

Worthington Industries Inc
Worthington Industries, Inc., an Ohio corporation, is headquartered in Columbus, Ohio. Founded in 1955, Worthington is primarily a diversified metal processing company, focused on value-added steel processing and manufactured metal products such as metal framing, pressure cylinders, automotive part stampings and, through joint ventures, metal ceiling grid systems and laser welded blanks. Worthington currently operates 44 manufacturing facilities worldwide and holds equity positions in eight joint ventures, which operate an additional 17 manufacturing facilities worldwide.

We report our operations in three principal business segments: Processed Steel Products, Metal Framing and Pressure Cylinders. The Processed Steel Products segment includes The Worthington Steel Company business unit ('Worthington Steel') and The Gerstenslager Company business unit ('Gerstenslager'). The Metal Framing segment is comprised of the Dietrich Industries, Inc. business unit ('Dietrich'). The Pressure Cylinders segment consists of the Worthington Cylinder Corporation business unit ('Worthington Cylinders').

We purchase steel in large quantities at regular intervals from major primary producers, both domestic and foreign. In our Processed Steel Products segment, we primarily purchase and process steel based on specific customer orders and do not typically purchase steel for inventory. Our Metal Framing and Pressure Cylinders segments purchase steel to meet our production schedules. Our raw materials are purchased in the open market on a negotiated spot market basis at prevailing market prices, we also enter into long-term contracts, some of which have fixed pricing.

We employ a staff of engineers and other technical personnel and maintain fully equipped modern laboratories to support our operations. These facilities enable us to verify, analyze and document the physical, chemical, metallurgical and mechanical properties of our raw materials and products. Technical service personnel also work in conjunction with our sales force to determine the types of flat-rolled steel required for our customers' particular needs. Additionally, technical service personnel design and engineer metal framing structures and provide sealed shop drawings to the building construction markets.

To provide these services, we maintain a continuing program of developmental engineering with respect to the characteristics and performance of our products under varying conditions. Laboratory facilities also perform metallurgical and chemical testing as dictated by the regulations of the U.S. Department of Transportation, Transport Canada and other associated agencies, along with International Organization for Standardization (ISO), and customer requirements. All design work complies with current local and national building code requirements. Our ICBO (International Conference of Building Officials) accredited product-testing laboratory supports these design efforts.

The Processed Steel Products industry is fragmented and highly competitive. We compete with many other independent intermediate processors and, with respect to automotive stamping, captive processors owned by the automotive companies, independent tier-one suppliers of current model components and a number of smaller competitors. We compete primarily on the basis of product quality, our ability to meet delivery requirements and price. Our technical service and support for material testing and customer specific applications enhance the quality of our products. However, we have not quantified the extent to which our technical service capability has improved our competitive position.



   Company Address: 200 West Old Wilson Bridge Road Columbus 43085 OH
   Company Phone Number: 438-3210   Stock Exchange / Ticker: NYSE WOR
   


Customers Net Income grew by WOR's Customers Net Profit Margin grew to

14.02 %

7.44 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ATI   -5.79%    
NUE        0.55% 
RYI   -5.03%    
STLD        3.55% 
X   -0.66%    
ZEUS   -3.43%    
• View Complete Report
   



Merger and Acquisition

Worthington Enterprises Completes Acquisition of Hexagon Ragasco, Positioning Itself for Continued Growth and Shareholder Value

Published Mon, Jun 3 2024 10:09 AM UTC


Breaking News: Worthington Enterprises, a diversified manufacturing company, has officially closed its acquisition of Hexagon Ragasco, a global leader in lightweight LPG composite cylinders. This strategic move is part of Worthington Industries Inc's ongoing efforts to expand its product offerings and enhance shareholder value.
The announcement comes on the heels of...

Dividend

Worthington Enterprises, Inc. Declares Quarterly Dividend, Setting the Stage for Continued Growth and Shareholder Value

Published Wed, Mar 20 2024 5:15 PM UTC


In a recent press release, the Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors announced the declaration of a quarterly dividend of $0.16 per share. This move is a clear indication of the company's commitment to delivering value to its shareholders and ensuring long-term growth.
This news comes on the heels of a previous announcement on September 27, 20...

Dividend

Worthington Industries Sets Course for Growth and Value Creation with Board Transition and Dividend Declaration

Published Tue, Dec 19 2023 5:46 PM UTC



In an exciting development for investors and shareholders, Worthington Industries, a leading global metals manufacturing company, has recently announced a significant transition within its board of directors, coupled with a quarterly dividend declaration. This strategic move comes as a testament to the company's commitment to sustained growth, innovation, and creat...

Worthington Industries Inc

Worthington Industries Inc Faces Steep -15.292% Revenue Decrease in Challenging Business Environment

Worthington Industries Inc (NYSE: WOR), a leading diversified industrial manufacturing company, recently reported its most recent fiscal period results. However, a closer look at the company's financial performance reveals several concerning trends that paint a bearish outlook for the stock.
Firstly, profit per share surged by an impressive 48.46% to $1.93 per share compared to $1.30 a year before. While this may seem like a positive growth rate, it is essential to note that income faded by -27.73% from $2.67 per share in the preceding reporting period. This indicates that the company's profitability has been inconsistent and shows signs of weakening.

Dividend

Worthington Industries Announces Board Transition and Dividend Declaration, Setting a Path for Continued Growth and Shareholder Value

Published Wed, Sep 27 2023 8:06 PM UTC

Worthington Industries Completes Board of Directors Transition and Declares Quarterly Dividend
COLUMBUS, Ohio, Sept. 27, 2023 - Worthington Industries, Inc. (NYSE: WOR), a leading diversified industrial manufacturing company, has announced significant changes to its Board of Directors in a press release issued earlier today. The transition marks a significant milestone i...






 

Worthington Industries Inc's Segments
 
Processed Steel Products
 Segment     of total Revenue
Pressure Cylinders
 Segment     of total Revenue
Other
 Segment     of total Revenue
Engineered Cabs
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Worthington Industries Inc does not provide revenue guidance.

Earnings Outlook
Worthington Industries Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Canada
Europe
Other

Worthington Industries Inc's Operating Statistics Decrease / Increase
       
Steel Processing Volume (thousands of tons)   Steel Processing Volume (thousands of tons) Decline   
Metal Framing Volume (thousands of tons)     
Pressure Cylinders Volume (thousands of units)   Pressure Cylinders Volume (thousands of units) Decline   
Steel Processing (Revenue / Ton) $   Steel Processing (Revenue / Ton) $ Decline   
Metal Framing (Revenue / Ton) $     
Pressure Cylinders (Revenue / Unit) $   Pressure Cylinders (Revenue / Unit) $ Decline   
Steel Processing (Profit / Ton) $   Steel Processing (Profit / Ton) $ Decline   
Metal Framing (Profit / Ton) $     
Pressure Cylinders (Profit / Unit) $   Pressure Cylinders (Profit / Unit) $ Decline   




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