OverviewSuggest Edit

Worthington Industries is a metals manufacturing company that focuses on value-added steel processing and manufactured metal products. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. The Steel Processing segment processes flat-rolled steel and designs and manufactures reusable custom steel platforms, racks, and pallets. The Pressure Cylinders segment manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, oil and gas equipment, and various accessories and related products. The Engineered Cabs segment designs and manufactures custom-engineered open and enclosed cabs, as well as operator stations and custom fabrications for heavy mobile equipment, and machined structural components, complex and painted weldments, and engine doors.

TypePublic
Founded1955
HQWorthington, US
Websiteworthingtonindustries.com
Employee Ratings3.2

Latest Updates

Employees (est.) (May 2019)12,000
Job Openings34
Revenue (FY, 2020)$3.1 B(-18%)
Share Price (Jul 2020)$37.4
Cybersecurity ratingBMore

Key People/Management at Worthington Industries

John P. McConnell

John P. McConnell

Chairman and Chief Executive Officer
Andy Rose

Andy Rose

President
Geoff G. Gilmore

Geoff G. Gilmore

Executive Vice President and Chief Operating Officer
Dale T. Brinkman

Dale T. Brinkman

Senior Vice President - Administration, General Counsel and Secretary
Joseph B. Hayek

Joseph B. Hayek

Vice President & Chief Financial Officer
Cathy M. Lyttle

Cathy M. Lyttle

Senior Vice President and Chief Human Resources Officer
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Worthington Industries Office Locations

Worthington Industries has offices in Worthington, Catoosa, Cleveland, Delta and in 13 other locations
Worthington, US (HQ)
200 W Old Wilson Bridge Rd
Catoosa, US
5215 Arkansas Rd
Cleveland, US
4310 E 49th St
Delta, US
6303 Co Rd 10
Dundalk, US
2440 Grays Rd
Maize, US
5605 N 119th St W
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Worthington Industries Financials and Metrics

Worthington Industries Revenue

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Worthington Industries's revenue was reported to be $3.06 b in FY, 2020
USD

Revenue (FY, 2020)

3.1b

Gross profit (FY, 2020)

443.3m

Gross profit margin (FY, 2020), %

14.5%

Net income (FY, 2020)

84.4m

EBIT (FY, 2020)

22.5m

Market capitalization (31-Jul-2020)

2.0b

Closing stock price (31-Jul-2020)

37.4

Cash (31-May-2020)

147.2m

EV

2.6b
Worthington Industries's current market capitalization is $2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.8b3.0b3.6b3.8b3.1b

Revenue growth, %

(17%)7%19%5%

Cost of goods sold

2.4b2.5b3.0b3.3b2.6b

Gross profit

452.6m535.9m562.9m480.0m443.3m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

84.2m278.1m122.0m92.4m147.2m

Accounts Receivable

439.7m486.7m572.7m501.9m341.0m

Prepaid Expenses

68.5m

Inventories

51.6m353.9m454.0m484.3m405.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

181.5m175.2m227.3m195.9m122.2m147.4m96.8m93.0m113.1m45.6m72.3m103.4m

Accounts Receivable

416.5m429.0m466.7m465.1m507.7m508.0m564.6m518.0m512.7m472.4m477.2m472.7m

Prepaid Expenses

75.0m

Inventories

369.7m337.9m340.2m425.9m416.0m431.4m494.1m488.7m486.1m422.2m379.8m376.9m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

157.6m217.9m200.9m163.3m84.4m

Depreciation and Amortization

84.7m86.8m103.4m95.6m92.7m

Inventories

66.4m(34.6m)(84.7m)(33.6m)62.1m

Accounts Payable

20.2m67.5m106.0m(116.9m)(142.7m)
USDFY, 2016

Revenue/Employee

282.0k

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.2 x
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Worthington Industries Operating Metrics

Worthington Industries's Enterprise Customers was reported to be 5 k in Q2, 2020.
Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Countries

70 70 70 70 70 70 70 70 70 70 70 70 70 70 70 70 70 70

Enterprise Customers

5 k5 k5 k5 k5 k5 k5 k5.70 k5 k5 k5 k5 k5 k5 k5 k5 k5 k5 k

Facilities

84 82 83 82 80 79 80 80 85 85 86 85 84 83 81 79 70 54

Warehouses

7 8 12 12
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Worthington Industries Acquisitions / Subsidiaries

Company NameDateDeal Size
Samuel, Son & CoJanuary 06, 2020
AMTROL Inc.June 02, 2017$283 m
NetbrazeJanuary 18, 2016
Trilogy Engineered SolutionsOctober 29, 2015
James Russell Enginering WorksJuly 31, 2015
Rome Strip Steel Co., Inc.January 17, 2015$55.50 m
Dhybrind SystemsOctober 20, 2014
Steffes - Tank Manufacturing DivisionApril 02, 2014
Aritas Basincli Kaplar SanayiJanuary 14, 2014$36.60 m
PALMER MANUFACTURING AND TANK INCApril 11, 2013
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Worthington Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Worthington Industries Revenue Breakdown

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Worthington Industries revenue breakdown by business segment: 32.1% from Pressure Cylinders, 64.8% from Steel Processing and 3.1% from Other

Worthington Industries revenue breakdown by geographic segment: 5.3% from International and 94.7% from North America

Worthington Industries Online and Social Media Presence

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Worthington Industries News and Updates

Worthington Industries to Present at Jefferies 2020 Virtual Industrials Conference – August 5, 2020

COLUMBUS, Ohio, July 28, 2020 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) announced today that Andy Rose, President, and Joe Hayek, Vice President and CFO, will present at Jefferies 2020 Virtual Industrials Conference on Aug. 5 at 8:35 a.m. ET. They will provide investors with an …

Has Worthington Industries Peaked?

Worthington Industries stock has rallied 67% since late March (vs. about 39% for the S&P 500) to its current level of $35. This was after falling to a low of $21 in late March, as a rapid increase in the number of Covid-19 cases outside China spooked investors, and resulted in heightened fears..…

Worthington Industries Declares Increase in Quarterly Dividend

COLUMBUS, Ohio, June 24, 2020 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE: WOR) has declared a quarterly dividend of $0.25 per share, an increase of $0.01 per share from the prior quarter. The dividend is payable on Sept. 29, 2020, to shareholders of record Sep…

Worthington Industries to Webcast Discussion of Third Quarter 2020 Results on March 26

COLUMBUS, Ohio, March 09, 2020 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its third quarter results before the market opens on Thursday, March 26, 2020.  The Company will webcast a live discussion of these results at 10:30 a.m. ET that morning.  The webcast will b…

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

Worthington Industries Inc. 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. The company said over half of the a…

Worthington Industries Acquires a Majority Ownership of Samuel Steel Pickling Company

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.
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Worthington Industries Frequently Asked Questions

  • When was Worthington Industries founded?

    Worthington Industries was founded in 1955.

  • Who are Worthington Industries key executives?

    Worthington Industries's key executives are John P. McConnell, Andy Rose and Geoff G. Gilmore.

  • How many employees does Worthington Industries have?

    Worthington Industries has 12,000 employees.

  • What is Worthington Industries revenue?

    Latest Worthington Industries annual revenue is $3.1 b.

  • What is Worthington Industries revenue per employee?

    Latest Worthington Industries revenue per employee is $254.9 k.

  • Who are Worthington Industries competitors?

    Competitors of Worthington Industries include Nucor, US Steel and AK Steel.

  • Where is Worthington Industries headquarters?

    Worthington Industries headquarters is located at 200 W Old Wilson Bridge Rd, Worthington.

  • Where are Worthington Industries offices?

    Worthington Industries has offices in Worthington, Catoosa, Cleveland, Delta and in 13 other locations.

  • How many offices does Worthington Industries have?

    Worthington Industries has 18 offices.