Worthington Industries is a leading global diversified metals manufacturing company with 2015 fiscal year sales of $3.4 billion. Headquartered in Columbus, Ohio, Worthington is North America’s premier value-added steel processor providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture; a global leader in manufacturing pressure cylinders for industrial gas and cryogenic applications, CNG and LNG storage, transportation and alternative fuel tanks, oil and gas equipment, and brand consumer products for camping, grilling, hand torch solutions and helium balloon kits; and a manufacturer of operator cabs for heavy mobile industrial equipment; laser welded blanks for light weighting applications; automotive racking solutions; and through joint ventures, complete ceiling grid solutions; automotive tooling and stampings; and steel framing for commercial construction. Worthington employs approximately 10,000 people and operates 82 facilities in 11 countries. Named a "100 Best Companies to Work For" by Fortune four times, the Company operates under a long-standing corporate philosophy rooted in the golden rule. Earning money for its shareholders is the first corporate goal. This philosophy serves as an unwavering commitment to the customer, supplier and shareholder, and it serves as the Company’s foundation for one of the strongest employee-employer partnerships in American industry.
Company Growth (employees)
Worthington Industries was founded in 1955 and is headquartered in Worthington, US
Worthington Industries Office Locations
Worthington Industries has offices in Worthington, Bremen, Columbus, Cleveland and in 11 other locations
Worthington, US (HQ)
200 W Old Wilson Bridge Rd
Worthington Industries Financials and Metrics
Worthington Industries Financials
Worthington Industries's revenue was reported to be $703.4 m in Q3, 2017
USD
Revenue (Q3, 2017) | 703.4 m |
Gross profit (Q3, 2017) | 111 m |
Gross profit margin (Q3, 2017), % | 16% |
Net income (Q3, 2017) | 39 m |
EBIT (Q3, 2017) | 34.3 m |
Market capitalization (17-Oct-2017) | 2.9 b |
Cash (28-Feb-2017) | 227.3 m |
Worthington Industries's current market capitalization is $2.9 b.
| USD | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|
Revenue | 3.1 b | 3.4 b | 2.8 b | ||
Revenue growth, % | 8% | (17%) | |||
Cost of goods sold | 2.2 b | 2.2 b | 2.6 b | 2.9 b | 2.4 b |
Gross profit | 492.5 m | 463.5 m | 452.6 m |
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 862.4 m | 871 m | 804.8 m | 758.1 m | 699.8 m | 647.1 m | 737.5 m | 727.8 m | 703.4 m |
Cost of goods sold | 732.9 m | 745.8 m | 706.3 m | 645.1 m | 590.6 m | 551.2 m | 590.3 m | 605 m | 592.4 m |
Gross profit | 129.5 m | 125.2 m | 98.5 m | 113 m | 109.2 m | 95.9 m | 147.3 m | 122.8 m | 111 m |
Gross profit Margin, % | 15% | 14% | 12% | 15% | 16% | 15% | 20% | 17% | 16% |
| USD | Y, 2011 | Y, 2012 | Y, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|
Cash | 56.2 m | 41 m | 51.4 m | 190.1 m | 31.1 m | 84.2 m |
Inventories | 43.8 m | 54.3 m | 51.6 m | |||
Current Assets | 1.2 b | 992.2 m | 915.5 m | |||
PP&E | 498.9 m | 513.2 m | 582.8 m |
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 146.9 m | 96.5 m | 42.5 m | 18.8 m | 27.4 m | 25.4 m | 181.5 m | 175.2 m | 227.3 m |
Inventories | 467.6 m | 454.8 m | 478.1 m | 382.8 m | 351.2 m | 321.2 m | 369.7 m | 337.9 m | 340.2 m |
Current Assets | 1.2 b | 1.2 b | 1.1 b | 934.8 m | 871.9 m | 847.7 m | 1 b | 1 b | 1.1 b |
PP&E | 504.1 m | 501.9 m | 511.7 m | 530.8 m | 524.1 m | 539 m | 580.8 m | 571.3 m | 570 m |
| USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Net Income | 160.2 m | 87.3 m | 157.6 m |
Depreciation and Amortization | 79.7 m | 85.1 m | 84.7 m |
Accounts Receivable | (10.4 m) | (5.9 m) | (4.4 m) |
Inventories | (38 m) | 54.1 m | 66.4 m |
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 48.8 m | 31.5 m | (23.2 m) | 34.4 m | 25.6 m | 33.9 m | 68.5 m | 49.9 m | 39 m |
Depreciation and Amortization | 20.4 m | 21.2 m | 21.8 m | 21.4 m | 20.5 m | 20.8 m | 21.8 m | 21.6 m | 21.7 m |
Inventories | (51.2 m) | 16.1 m | (8.8 m) | (7.8 m) | 31.6 m | 37.2 m | (50.4 m) | 31.9 m | (2.3 m) |
Accounts Payable | 41.9 m | (72.1 m) | 40.3 m | 42.2 m | (72.7 m) | 14 m | 43.1 m | (65.9 m) | 89.7 m |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 70.3 k |
Financial Leverage | 2.2 x |
Worthington Industries Market Value History
Worthington Industries Median Salaries
Source: 36 public H-1B filings from Worthington Industries
