Worthington Industries
- Enterprise Customers5.1 KQ1, 2022
- Revenue$5.2 BFY, 2022
- Market Capitalization$2.5 B2022-08-02
OverviewSuggest Edit
Worthington Industries is an industrial manufacturing company that focuses on steel processing and manufactured metal products. It operates through four segments: Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions. The Steel Processing segment processes flat-rolled steel and provides laser welded solutions and electrical steel laminations. The Consumer Products segment manufactures propane-filled cylinders, liquefied petroleum gas (LPG) cylinders, handheld torches, helium-filled balloon kits, and other hand tools and instruments. The Building Products segment specializes in refrigerant and LPG cylinders, well water and expansion tanks, and other specialty products. The Sustainable Energy Solutions segment provides high pressure and acetylene cylinders for life support systems, as well as alternative fuel cylinders for automobiles, buses, and light-duty trucks.
| Type | Public | |
| Founded | 1955 | |
| HQ | Worthington, OH, US | Map |
| Website | worthingtonindustries.com | |
| Employee Ratings | ||
| Overall Culture | D+ | More |
Key People/Management at Worthington Industries
Andy Rose
President, Chief Executive Officer
Matt Schlabig
Chief Information Officer
Eric Smolenski
President, Building Products and Sustainable Energy Solutions
Jeff Klingler
President, Steel Processing
Steve Caravati
President, Consumer Products
Geoff G. Gilmore
Executive Vice President, Chief Operating Officer
Worthington Industries Office Locations
Worthington Industries has offices in Worthington, Aberdeen, Alpharetta, Benton Harbor and in 25 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 $5.24 b in FY, 2022 which is a 65.3% increase from the previous period.
| USD | |
|---|---|
Revenue (FY, 2022) | 5.2b |
Revenue growth (FY, 2021 - FY, 2022), % | 65.3% |
Gross profit (FY, 2022) | 714.8m |
Gross profit margin (FY, 2022), % | 13.6% |
Net income (FY, 2022) | 399.3m |
EBIT (FY, 2022) | 329.3m |
Market capitalization (2-Aug-2022) | 2.5b |
Closing stock price (2-Aug-2022) | 50.4 |
Cash (31-May-2022) | 34.5m |
EV | 3.3b |
Worthington Industries's current market capitalization is $2.5 b.
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 855.9m | 827.6m | 764.0m | 702.9m | 731.1m | 759.1m | 1.1b | 1.2b | 1.4b |
Cost of goods sold | 738.6m | 707.0m | 648.5m | 589.6m | 595.6m | 595.0m | 891.4m | 1.0b | 1.2b |
Gross profit | 117.3m | 120.6m | 115.5m | 113.4m | 135.5m | 164.1m | 219.4m | 184.6m | 143.1m |
Gross profit Margin, % | 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 | Q1, 2020 |
|---|---|
EV/EBIT | -181.1 x |
EV/CFO | 41 x |
Debt/Equity | 0.8 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.6 x |
P/E Ratio | (385.6) |
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 | December 01, 2021 | |
| Tempel Steel Company | December 01, 2021 | $272.21 m |
| Shiloh Industries | June 08, 2021 | $105 m |
| General Tools & Instruments Company LLC | January 29, 2021 | $120.39 m |
| PTEC Pressure Technology GmbH | January 04, 2021 | $10.78 m |
| Samuel, Son & Co | December 31, 2019 | |
| AMTROL Inc. | June 02, 2017 | $291.92 m |
| Trilogy Engineered Solutions | October 09, 2015 | |
| Dhybrind Systems | October 20, 2014 | $15.92 m |
| Steffes - Tank Manufacturing Division | March 27, 2014 | $27.96 m |
Worthington Industries Revenue Breakdown
Worthington Industries revenue breakdown by business segment: 75.0% from Steel Processing, 10.3% from Building Products, 12.1% from Consumer Products and 2.5% from Other
Worthington Industries revenue breakdown by geographic segment: 5.8% from International and 94.2% from North America
Worthington Industries Cybersecurity Score
Worthington Industries Environment, Social & Governance (ESG) Ratings
Worthington Industries Online and Social Media Presence
1.05k Twitter followers
Worthington Industries has 1.05k Twitter Followers. The number of followers has increased 0.9% month over month and increased 1.3% quarter over quarter
Worthington Industries's Trends
Twitter Engagement Stats for @WorthingtonInds
690
Tweets
109
Following
1k
Followers
6
Tweets last 30 days
2
Avg. likes per Tweet
100%
Tweets with engagement
Worthington Industries Company Culture
Overall Culture
D+
61/100
CEO Rating
B-
69/100
Compensation
A
79/100
Worthington Industries News and Updates
June 22, 2022
Worthington Reports Fourth Quarter Fiscal 2022 Results
COLUMBUS, Ohio, June 22, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.5 billion and net earnings of $80.3 million, or $1.61 per diluted share, for its fiscal 2022 fourth quarter ended May 31, 2022. In the fourth quarter of fiscal 2021, the Compan…
June 22, 2022
Worthington Industries Increases Quarterly Dividend
COLUMBUS, Ohio, June 22, 2022 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE: WOR) has declared a quarterly dividend of $0.31 per share, an increase of $0.03 per share or 11% from the prior quarter. The dividend is payable on Sept. 29, 2022, to shareholders of rec…
June 07, 2022
Worthington Industries to Webcast Discussion of Fourth Quarter 2022 Results on June 23
COLUMBUS, Ohio, June 07, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) plans to release its fourth quarter results after the market closes on Wednesday, June 22, 2022. The Company will webcast a live discussion of these results on Thursday, June 23 at 8:30 a.m. ET. The webcast w…
June 02, 2022
Worthington Industries Acquires Drywall Tools Company Level5® Tools, LLC
COLUMBUS, Ohio, June 02, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced the acquisition of Level5® Tools, LLC, a leading provider of drywall tools, including automatic drywall taping and finishing tools, skimming blades, hand tools and accessories. The acquisition…
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.
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, Matt Schlabig and Eric Smolenski.
How many employees does Worthington Industries have?
Worthington Industries has 8,400 employees.
What is Worthington Industries revenue?
Latest Worthington Industries annual revenue is $5.2 b.
What is Worthington Industries revenue per employee?
Latest Worthington Industries revenue per employee is $624.1 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 25 other locations.
How many offices does Worthington Industries have?
Worthington Industries has 33 offices.
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