Worthington Industries is a leading global diversified metals manufacturing company with 2015 fiscal year sales of $3.4 billion. Headquartered in Columbus, Ohio, Worthington is North America’s premier value-added steel processor providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture; a global leader in manufacturing pressure cylinders for industrial gas and cryogenic applications, CNG and LNG storage, transportation and alternative fuel tanks, oil and gas equipment, and brand consumer products for camping, grilling, hand torch solutions and helium balloon kits; and a manufacturer of operator cabs for heavy mobile industrial equipment; laser welded blanks for light weighting applications; automotive racking solutions; and through joint ventures, complete ceiling grid solutions; automotive tooling and stampings; and steel framing for commercial construction. Worthington employs approximately 10,000 people and operates 82 facilities in 11 countries. Named a "100 Best Companies to Work For" by Fortune four times, the Company operates under a long-standing corporate philosophy rooted in the golden rule. Earning money for its shareholders is the first corporate goal. This philosophy serves as an unwavering commitment to the customer, supplier and shareholder, and it serves as the Company’s foundation for one of the strongest employee-employer partnerships in American industry.
Company Growth (employees)
Type
Public
HQ
Worthington, US
Founded
1955
Size (employees)
10,000 (est)-4%
Website
worthingtonindustries.comWorthington Industries was founded in 1955 and is headquartered in Worthington, US
Worthington Industries Office Locations
Worthington Industries has offices in Worthington, Bremen, Columbus, Cleveland and in 11 other locations
Worthington, US (HQ)
200 W Old Wilson Bridge Rd
Worthington Industries Data and Metrics
Worthington Industries Financial Metrics
Worthington Industries's revenue was reported to be $2.8 b in FY, 2016 which is a 17% decrease from the previous period.
$, USD
Revenue (FY, 2016) | 2.8 b |
Revenue growth (FY, 2015 - FY, 2016), % | (17%) |
Gross profit (FY, 2016) | 452.6 m |
Gross profit margin (FY, 2016), % | 16% |
Net income (FY, 2016) | 157.6 m |
EBIT (FY, 2016) | 122.1 m |
Market capitalization (23-Jun-2017) | 2.9 b |
Closing share price (23-Jun-2017) | 44.9 |
Cash (31-May-2016) | 84.2 m |
EV | 3.4 b |
Worthington Industries's current market capitalization is $2.9 b.
| $, USD | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|
Revenue | 3.1 b | 3.4 b | 2.8 b | ||
Revenue growth, % | 8% | (17%) | |||
Cost of goods sold | 2.2 b | 2.2 b | 2.6 b | 2.9 b | 2.4 b |
Gross profit | 492.5 m | 463.5 m | 452.6 m | ||
Gross profit Margin, % | 16% | 14% | 16% | ||
EBIT | 135.8 m | 60.6 m | 122.1 m | ||
EBIT margin, % | 4% | 2% | 4% | ||
Pre tax profit | 217.5 m | 113 m | 216.6 m | ||
Net Income | 160.2 m | 87.3 m | 157.6 m |
| $, USD | Y, 2011 | Y, 2012 | Y, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|
Cash | 56.2 m | 41 m | 51.4 m | 190.1 m | 31.1 m | 84.2 m |
Inventories | 43.8 m | 54.3 m | 51.6 m | |||
Current Assets | 1.2 b | 992.2 m | 915.5 m | |||
PP&E | 498.9 m | 513.2 m | 582.8 m | |||
Goodwill | 251.1 m | 239 m | 246.1 m | |||
Total Assets | 2.3 b | 2.1 b | 2.1 b | |||
Accounts Payable | 333.7 m | 294.1 m | 290.4 m | |||
Dividends Payable | 11 m | 12.9 m | 13.5 m | |||
Total Debt | 565.2 m | 669.9 m | 582.6 m | |||
Current Liabilities | 589.7 m | 524.4 m | 430.1 m | |||
Additional Paid-in Capital | 262.6 m | 289.1 m | 299 m | |||
Retained Earnings | 591.8 m | 510.7 m | 523 m | |||
Total Equity | 944.9 m | 840 m | 919.8 m | |||
Debt to Equity Ratio | 0.6 x | 0.8 x | 0.6 x | |||
Debt to Assets Ratio | 0.2 x | 0.3 x | 0.3 x | |||
Financial Leverage | 2.4 x | 2.5 x | 2.2 x |
| $, USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Net Income | 160.2 m | 87.3 m | 157.6 m |
Depreciation and Amortization | 79.7 m | 85.1 m | 84.7 m |
Accounts Receivable | (10.4 m) | (5.9 m) | (4.4 m) |
Inventories | (38 m) | 54.1 m | 66.4 m |
Accounts Payable | 69.7 m | (83.2 m) | 20.2 m |
Cash From Operating Activities | 138.7 m | (159 m) | 53.1 m |
Cash From Investing Activities | (46.2 m) | (203.1 m) | (127 m) |
Long-term Borrowings | (1.2 m) | (102.9 m) | (862 k) |
Dividends Paid | (31.2 m) | (46.4 m) | (47.2 m) |
Cash From Financing Activities | (44.2 m) | (170.3 m) | (233.2 m) |
| $, USD | Y, 2016 |
|---|---|
EV/EBIT | 27.7 x |
EV/CFO | 63.6 x |
Revenue/Employee | 268.5 k |
Debt/Equity | 0.6 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.2 x |
Worthington Industries Market Value History
Worthington Industries Job Categories
Worthington Industries Median Salaries
Source: 36 public H-1B filings from Worthington Industries
