Worthington Industries
OverviewSuggest Edit
Worthington Industries is an industrial manufacturing company that focuses on value-added steel processing and manufactured metal products. It operates through two segments: Steel Processing and Pressure Cylinders. The Steel Processing segment processes flat-rolled steel and toll processes steel for steel mills, large end-users, service centers, and other processors. The Pressure Cylinders segment manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, tools, well water and expansion tanks, as well as accessories and related products.
| Type | Public | |
| Founded | 1955 | |
| HQ | Worthington, OH, US | Map |
| Website | worthingtonindustries.com | |
| Employee Ratings | More | |
| Overall Culture | D | More |
Recent NewsAll News
- Worthington Industries Named a 2021 Supplier of the Year by General Motors
- Worthington Industries Announces Price Increase on Cylinders, Heating and System Tanks
- Worthington Industries Announces Commitment to Science-Based Target for GHG Emissions Reduction and Enhanced Strategic Focus on Solutions that Support Sustainability
- Worthington Industries Earns Recognition as a John Deere “Partner-level Supplier” and 10-Year Hall of Fame Supplier
Key People/Management at Worthington Industries
Andy Rose
President, Chief Executive Officer
John P. McConnell
Executive Chairman
Matt Schlabig
Chief Information Officer
Geoff G. Gilmore
Executive Vice President, Chief Operating Officer
Joseph B. Hayek
Vice President, Chief Financial Officer
Cathy M. Lyttle
Senior Vice President and Chief Human Resources Officer
Worthington Industries Office Locations
Worthington Industries has offices in Worthington, Aberdeen, Alpharetta, Benton Harbor and in 27 other locations
Worthington, OH, US (HQ)
200 W Old Wilson Bridge Rd
Aberdeen, MD, US
1415 Perryman Rd
Alpharetta, GA, US
1361 Stonefield Ct
Benton Harbor, MI, US
745 Enterprise Way
Bowling Green, KY, US
310 Jody Richards Dr
Cerritos, CA, US
12630 Hiddencreek Way
Worthington Industries Financials and Metrics
Worthington Industries Revenue
Worthington Industries's revenue was reported to be $3.17 b in FY, 2021 which is a 3.7% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2022) | 1.4b |
Gross profit (Q3, 2022) | 143.1m |
Gross profit margin (Q3, 2022), % | 10.4% |
Net income (Q3, 2022) | 58.6m |
EBIT (Q3, 2022) | 37.6m |
Market capitalization (13-May-2022) | 2.2b |
Closing stock price (13-May-2022) | 44.0 |
Cash (28-Feb-2022) | 44.3m |
EV | 3.1b |
Worthington Industries's current market capitalization is $2.2 b.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 988.1m | 958.2m | 874.4m | 855.9m | 827.6m | 764.0m | 702.9m | 731.1m | 759.1m | 1.1b | 1.2b | 1.4b |
Cost of goods sold | 845.1m | 837.3m | 784.4m | 738.6m | 707.0m | 648.5m | 589.6m | 595.6m | 595.0m | 891.4m | 1.0b | 1.2b |
Gross profit | 143.0m | 120.9m | 90.0m | 117.3m | 120.6m | 115.5m | 113.4m | 135.5m | 164.1m | 219.4m | 184.6m | 143.1m |
Gross profit Margin, % | 14% | 13% | 10% | 14% | 15% | 15% | 16% | 19% | 22% | 20% | 15% | 10% |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 45.6m | 72.3m | 103.4m | 650.1m | 713.1m | 649.5m | 399.2m | 225.2m | 44.3m |
Accounts Receivable | 472.4m | 477.2m | 472.7m | 423.1m | 441.9m | 525.8m | 718.4m | 736.7m | 856.7m |
Prepaid Expenses | 67.1m | 67.1m | 75.0m | 71.0m | 68.4m | 73.9m | 70.5m | 73.0m | 90.5m |
Inventories | 422.2m | 379.8m | 376.9m | 319.5m | 304.4m | 413.2m | 742.4m | 839.6m | 869.2m |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (2.5m) | 54.5m | 73.4m | 618.7m | 550.2m | 622.9m | 141.5m | 254.7m | 313.3m |
Depreciation and Amortization | 24.2m | 46.8m | 69.6m | 22.2m | 43.8m | 65.7m | 22.1m | 43.2m | 70.6m |
Inventories | 44.3m | 87.9m | 90.9m | 85.6m | 90.2m | (6.6m) | (163.7m) | (260.9m) | (229.8m) |
Accounts Payable | (37.2m) | (58.0m) | (28.3m) | 47.2m | 95.3m | 157.6m | 46.7m | (926.0k) | 51.0m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 298.5k |
Worthington Industries Operating Metrics
Worthington Industries's Enterprise Customers was reported to be 5.1 k in Q1, 2022.
Worthington Industries Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Tempel Steel Company | December 01, 2021 | $289.61 m |
| General Tools & Instruments Company LLC | February 01, 2021 | $120.4 m |
| PTEC Pressure Technology GmbH | January 04, 2021 | $10.8 m |
| Samuel, Son & Co | January 06, 2020 | |
| AMTROL Inc. | June 02, 2017 | $283 m |
| James Russell Enginering Works | July 31, 2015 | |
| Rome Strip Steel Co., Inc. | January 17, 2015 | $55.5 m |
| Dhybrind Systems | October 20, 2014 | |
| Steffes - Tank Manufacturing Division | April 02, 2014 | |
| Aritas Basincli Kaplar Sanayi | January 14, 2014 | $36.6 m |
Worthington Industries Revenue Breakdown
Worthington Industries revenue breakdown by business segment: 35.0% from Pressure Cylinders, 64.9% from Steel Processing and 0.0% from Other
Worthington Industries revenue breakdown by geographic segment: 6.8% from International and 93.2% from North America
Worthington Industries Cybersecurity Score
Worthington Industries Environment, Social & Governance (ESG) Ratings
Worthington Industries Online and Social Media Presence
1.04k Twitter followers
Worthington Industries has 1.04k Twitter Followers. The number of followers has increased 0.8% month over month and increased 1.4% quarter over quarter
Worthington Industries's Trends
Twitter Engagement Stats for @WorthingtonInds
669
Tweets
110
Following
1k
Followers
7
Tweets last 30 days
1.7
Avg. likes per Tweet
85.7%
Tweets with engagement
Worthington Industries Company Culture
Overall Culture
D
60/100
CEO Rating
C+
68/100
Compensation
A-
78/100
Worthington Industries News and Updates
April 07, 2022
Worthington Industries Named a 2021 Supplier of the Year by General Motors
Worthington Industries, Inc. today announced that the Company was named a GM Supplier of the Year winner in General Motors’ 30th annual Supplier of the Year awards.
April 01, 2022
Worthington Industries Announces Price Increase on Cylinders, Heating and System Tanks
Worthington Industries (NYSE:WOR) today announced a price increase on the following steel and aluminum cylinders effective on all new orders shipping on or after May 1, 2022, or as contracts allow.
March 23, 2022
Worthington Industries Announces Commitment to Science-Based Target for GHG Emissions Reduction and Enhanced Strategic Focus on Solutions that Support Sustainability
COLUMBUS, Ohio, March 23, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced plans to set greenhouse gas (GHG) emissions reduction targets that are aligned with a 1.5 degree Celsius science-based target, setting a pathway to net-zero emissions by 2050. The Company wi…
March 22, 2022
Worthington Industries Earns Recognition as a John Deere “Partner-level Supplier” and 10-Year Hall of Fame Supplier
COLUMBUS, Ohio, March 22, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced it has earned recognition as a Partner-level supplier for 2021 and was inducted into the 10-year Supplier Hall of Fame in the John Deere Achieving Excellence Program. Hall of Fame status is …
March 01, 2022
Worthington Industries to Webcast Discussion of Third Quarter 2022 Results on March 23
COLUMBUS, Ohio, March 01, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its third quarter results after the market closes on Tuesday, March 22, 2022. The Company will webcast a live discussion of these results on Wednesday, March 23 at 8:30 a.m. ET. The webcast …
December 01, 2021
Worthington Industries Acquires Tempel Steel Company
COLUMBUS, Ohio, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. [NYSE: WOR] today announced that its Steel Processing segment has completed its acquisition of Tempel Steel Company, a leading global manufacturer of precision motor and transformer laminations for the electrical steel …
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 $3.2 b.
What is Worthington Industries revenue per employee?
Latest Worthington Industries revenue per employee is $352.4 k.
Who are Worthington Industries competitors?
Competitors of Worthington Industries include Nucor, United States 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, Aberdeen, Alpharetta, Benton Harbor and in 27 other locations.
How many offices does Worthington Industries have?
Worthington Industries has 35 offices.
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