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.

Type
Public
HQ
Columbus, US
Founded
1955
Size (employees)
10,000 (est)
Worthington Industries was founded in 1955 and is headquartered in Columbus, US
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Worthington Industries Office Locations

Worthington Industries has offices in Tal Maval , Zhejiang, Shanghai, Rouviginies and in 19 other locations
Columbus, US (HQ)
200 Old Wilson Bridge Rd
Kienberg bei Gaming, AT
Beim Flaschenwerk 1
Shanghai, CN
No 729, Huaqing Road Qingpu Industrial Zone
Zhejiang, CN
Xinming Road No. 2468 Pinghu Economic and Technological Development Pinghu
Rouviginies, FR
Rue Edmond Herly - BP 63
Tal Maval , IN
Gat. 417/1 Vill Takave
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Worthington Industries Financials and Metrics

Worthington Industries Financials

Worthington Industries's revenue was reported to be $2.82 b in FY, 2016 which is a 16.7% decrease from the previous period.
USD

Revenue (Q2, 2018)

1.7 b

Gross profit (Q2, 2018)

272.9 m

Gross profit margin (Q2, 2018), %

15.9%

Net income (Q2, 2018)

89.7 m

EBIT (Q2, 2018)

94.3 m

Market capitalization (25-May-2018)

2.8 b

Closing share price (25-May-2018)

46.8

Cash (30-Nov-2017)

122.2 m

EV

3.5 b
Worthington Industries's current market capitalization is $2.8 b.
Annual
usdFY, 2014FY, 2015FY, 2016

Revenue

3.1 b3.4 b2.8 b

Revenue growth, %

8%(17%)

Cost of goods sold

2.6 b2.9 b2.4 b

Gross profit

492.5 m463.5 m452.6 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

692.3 m769.9 m773.2 m862.4 m871 m804.8 m758.1 m699.8 m647.1 m737.5 m727.8 m703.4 m848.2 m1.7 b

Cost of goods sold

581.3 m641.7 m650.7 m732.9 m745.8 m706.3 m645.1 m590.6 m551.2 m590.3 m605 m592.4 m715.5 m1.4 b

Gross profit

111 m128.2 m122.5 m129.5 m125.2 m98.5 m113 m109.2 m95.9 m147.3 m122.8 m111 m132.8 m272.9 m

Gross profit Margin, %

16%17%16%15%14%12%15%16%15%20%17%16%16%16%
Annual
usdY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016

Cash

56.2 m41 m51.4 m190.1 m31.1 m84.2 m

Inventories

43.8 m54.3 m51.6 m

Current Assets

1.2 b992.2 m915.5 m

PP&E

498.9 m513.2 m582.8 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

121 m109.1 m52.9 m146.9 m96.5 m42.5 m18.8 m27.4 m25.4 m181.5 m175.2 m227.3 m195.9 m122.2 m

Inventories

376.7 m392.4 m441.3 m467.6 m454.8 m478.1 m382.8 m351.2 m321.2 m369.7 m337.9 m340.2 m425.9 m416 m

Current Assets

1 b1 b1 b1.2 b1.2 b1.1 b934.8 m871.9 m847.7 m1 b1 b1.1 b1.2 b1.1 b

PP&E

503.9 m505 m511 m504.1 m501.9 m511.7 m530.8 m524.1 m539 m580.8 m571.3 m570 m625.6 m627.8 m
Annual
usdFY, 2014FY, 2015FY, 2016

Net Income

160.2 m87.3 m157.6 m

Depreciation and Amortization

79.7 m85.1 m84.7 m

Inventories

(38 m)54.1 m66.4 m

Accounts Payable

69.7 m(83.2 m)20.2 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

56.4 m28.3 m44.2 m48.8 m31.5 m(23.2 m)34.4 m25.6 m33.9 m68.5 m49.9 m39 m48.1 m89.7 m

Depreciation and Amortization

19.5 m20.1 m20.2 m20.4 m21.2 m21.8 m21.4 m20.5 m20.8 m21.8 m21.6 m21.7 m25.4 m51.6 m

Inventories

515 k(21.8 m)(38.3 m)(51.2 m)16.1 m(8.8 m)(7.8 m)31.6 m37.2 m(50.4 m)31.9 m(2.3 m)(34.7 m)(24.8 m)

Accounts Payable

40.6 m(23.9 m)91.5 m41.9 m(72.1 m)40.3 m42.2 m(72.7 m)14 m43.1 m(65.9 m)89.7 m(26.8 m)(48.4 m)
USDY, 2017

EV/EBIT

37 x

EV/CFO

33.9 x

Revenue/Employee

172 k

Financial Leverage

2.5 x
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Worthington Industries News and Updates

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