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Worthington Industries

OverviewSuggest Edit

Worthington Industries is a metals manufacturing company that focuses on value-added steel processing and manufactured metal products. It 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, OH, USMap
Websiteworthingtonindustries.com
Employee Ratings3.5More
Overall CultureD-More
View Jobs (102)

Recent NewsAll News

Latest Updates

Employees (est.) (May 2020)9,000(-25%)
Job Openings102
Revenue (FY, 2020)$3.1 B(-18%)
Share Price (Jul 2021)$61.5
Cybersecurity ratingBMore

Key People/Management at Worthington Industries

Andy Rose

Andy Rose

President & CEO
John P. McConnell

John P. McConnell

Executive Chairman
Matt Schlabig

Matt Schlabig

Chief Information Officer
Geoff G. Gilmore

Geoff G. Gilmore

Executive Vice President and Chief Operating Officer
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, Aberdeen, Chilton, Cleveland and in 16 other locations
Worthington, OH, US (HQ)
200 W Old Wilson Bridge Rd
Aberdeen, MD, US
1415 Perryman Rd
Chilton, WI, US
300 E Breed St
Cleveland, OH, US
4310 E 49th St
Delta, OH, US
6303 Co Rd 10
Dundalk, MD, US
2440 Grays Rd
Show all (22)

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 which is a 18.6% decrease from the previous period.
USD

Revenue (Q2, 2021)

731.1m

Gross profit (Q2, 2021)

135.5m

Gross profit margin (Q2, 2021), %

18.5%

Net income (Q2, 2021)

(68.5m)

EBIT (Q2, 2021)

37.4m

Market capitalization (23-Jul-2021)

3.2b

Closing stock price (23-Jul-2021)

61.5

Cash (30-Nov-2020)

713.1m

EV

3.3b
Worthington Industries's current market capitalization is $3.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

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

Revenue growth, %

(17%)7%19%5%(19%)

Cost of goods sold

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

Gross profit

452.6m535.9m562.9m480.0m443.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

737.5m727.8m703.4m848.2m841.3m841.7m988.1m958.2m874.4m855.9m827.6m764.0m702.9m731.1m

Cost of goods sold

590.3m605.0m592.4m715.5m731.2m714.6m845.1m837.3m784.4m738.6m707.0m648.5m589.6m595.6m

Gross profit

147.3m122.8m111.0m132.8m110.1m127.1m143.0m120.9m90.0m117.3m120.6m115.5m113.4m135.5m

Gross profit Margin, %

20%17%16%16%13%15%14%13%10%14%15%15%16%19%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

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

Accounts Receivable

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

Inventories

51.6m353.9m454.0m484.3m405.1m

Current Assets

915.5m1.2b1.2b1.2b983.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

181.5m175.2m227.3m195.9m122.2m147.4m96.8m93.0m113.1m45.6m72.3m103.4m650.1m713.1m

Accounts Receivable

416.5m429.0m466.7m465.1m507.7m508.0m564.6m518.0m512.7m472.4m477.2m472.7m423.1m441.9m

Prepaid Expenses

68.4m

Inventories

369.7m337.9m340.2m425.9m416.0m431.4m494.1m488.7m486.1m422.2m379.8m376.9m319.5m304.4m
show all
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)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

68.5m118.4m157.4m48.1m89.7m168.0m57.0m94.8m124.3m(2.5m)54.5m73.4m618.7m550.2m

Depreciation and Amortization

21.8m43.5m65.2m25.4m51.6m77.0m24.5m48.0m71.6m24.2m46.8m69.6m22.2m43.8m

Inventories

(50.4m)(18.5m)(20.9m)(34.7m)(24.8m)(40.2m)(43.3m)(37.5m)(38.5m)44.3m87.9m90.9m85.6m90.2m

Accounts Payable

43.1m(22.9m)66.8m(26.8m)(48.4m)(12.8m)(28.8m)(100.5m)(85.5m)(37.2m)(58.0m)(28.3m)47.2m95.3m
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USDFY, 2016

Revenue/Employee

282.0k

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.2 x
Show all financial metrics

Worthington Industries Operating Metrics

Worthington Industries's Enterprise Customers was reported to be 4.5 k in Q1, 2021.
Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Countries (Facilities)

1111111111111111111111111111111176666

Enterprise Customers

5 k5 k5 k5 k5 k5 k5 k5.7 k5 k5 k5 k5 k5 k5 k5 k5 k5 k5 k5 k5 k4.5 k

Facilities

848283828079808085858685848381797054575652

Warehouses

7812129
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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$55.5 m
Dhybrind SystemsOctober 20, 2014
Steffes - Tank Manufacturing DivisionApril 02, 2014
Aritas Basincli Kaplar SanayiJanuary 14, 2014$36.6 m
PALMER MANUFACTURING AND TANK INCApril 11, 2013
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Worthington Industries Revenue Breakdown

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Worthington Industries revenue breakdown by business segment: 37.5% from Pressure Cylinders, 60.8% from Steel Processing and 1.7% from Other

Worthington Industries revenue breakdown by geographic segment: 95.2% from North America and 4.8% from Other

Worthington Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

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Worthington Industries Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Worthington Industries Online and Social Media Presence

Worthington Industries's Trends

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Worthington Industries Company Culture

  • Overall Culture

    D-

    53/100

  • CEO Rating

    D

    58/100

  • Compensation

    B

    75/100

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Worthington Industries News and Updates

June 28, 2021

Worthington Industries Named a 2020 Supplier of the Year by General Motors

COLUMBUS, Ohio, June 28, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced that the Company was named a GM Supplier of the Year winner in General Motors’ 29th annual Supplier of the Year awards.
June 10, 2021

Worthington Industries Announces New Reporting Segments

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 st…
June 08, 2021

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

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 in…
June 02, 2021

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

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 av…
May 26, 2021

Worthington Industries to Present at KeyBanc Industrials & Basic Materials Conference – June 1, 2021

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 op…
April 16, 2021

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

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 HVA…
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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 Andy Rose, John P. McConnell and Matt Schlabig.

  • How many employees does Worthington Industries have?

    Worthington Industries has 9,000 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 $339.9 k.

  • Who are Worthington Industries competitors?

    Competitors of Worthington Industries include Tecomet, Commercial Vehicle Group and Enerfab.

  • 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, Aberdeen, Chilton, Cleveland and in 16 other locations.

  • How many offices does Worthington Industries have?

    Worthington Industries has 22 offices.