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.
TypePublic
Founded1955
HQWorthington, OH, US
Websiteworthingtonindustries.com
Employee Ratings3.7
Overall CultureD

Latest Updates

Employees (est.) (May 2021)9,000
Job Openings147
Revenue (FY, 2021)$3.2 B(+4%)
Share Price (May 2022)$44(+2%)
Cybersecurity ratingCMore
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Key People/Management at Worthington Industries

Andy Rose

Andy Rose

President, Chief Executive Officer
John P. McConnell

John P. McConnell

Executive Chairman
Matt Schlabig

Matt Schlabig

Chief Information Officer
Geoff G. Gilmore

Geoff G. Gilmore

Executive Vice President, 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, 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
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Worthington Industries Financials and Metrics

Worthington Industries Revenue

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View revenue for all periods
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
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

3.6b3.8b3.1b3.2b

Revenue growth, %

19%5%(19%)4%

Cost of goods sold

3.0b3.3b2.6b2.5b

Gross profit

562.9m480.0m443.3m639.1m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

92.4m147.2m640.3m

Accounts Receivable

501.9m341.0m640.0m

Prepaid Expenses

69.5m68.5m69.0m

Inventories

484.3m405.1m564.8m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

163.3m84.4m741.5m

Depreciation and Amortization

95.6m92.7m87.7m

Inventories

(33.6m)62.1m(169.7m)

Accounts Payable

(116.9m)(142.7m)315.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

(2.5m)54.5m73.4m618.7m550.2m622.9m141.5m254.7m313.3m

Depreciation and Amortization

24.2m46.8m69.6m22.2m43.8m65.7m22.1m43.2m70.6m

Inventories

44.3m87.9m90.9m85.6m90.2m(6.6m)(163.7m)(260.9m)(229.8m)

Accounts Payable

(37.2m)(58.0m)(28.3m)47.2m95.3m157.6m46.7m(926.0k)51.0m
USDFY, 2018

Revenue/Employee

298.5k
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Worthington Industries Operating Metrics

Worthington Industries's Enterprise Customers was reported to be 5.1 k in Q1, 2022.
FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021Q1, 2022Q2, 2022Q3, 2022

Countries (Facilities)

117666678799

Enterprise Customers

5 k5 k5 k5 k5 k4.5 k4.5 k5.16 k5.1 k

Facilities

797054575652707068535858

Warehouses

1299
Show all operating metrics

Worthington Industries Acquisitions / Subsidiaries

Company NameDateDeal Size
Tempel Steel CompanyDecember 01, 2021$289.61 m
General Tools & Instruments Company LLCFebruary 01, 2021$120.4 m
PTEC Pressure Technology GmbHJanuary 04, 2021$10.8 m
Samuel, Son & CoJanuary 06, 2020
AMTROL Inc.June 02, 2017$283 m
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
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Worthington Industries Revenue Breakdown

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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

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Worthington Industries Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Worthington Industries Online and Social Media Presence

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Worthington Industries Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    C+

    68/100

  • Compensation

    A-

    78/100

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Worthington Industries News and Updates

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.

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.

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…

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 …

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 …

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 …
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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 $3.2 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.