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Worthington Industries (WOR) Company Profile

Updated Sep 9, 2019
Worthington Industries has the following business profile:
Company's Full Name:Worthington Industries, Inc.
Short Name:Worthington Industries
Trading Ticker Symbol:WOR
Primary Exchange:NYSE
Headquarter City/Country:Ohio, OH
Primary Industry Sector:Capital Goods
Seconday Sub-sector:Steel and Iron
Main Business Areas: Steel, Capital Goods, Steel and Iron, Basic Materials
Dividend Payments:Dividend History

Market and Trading Information for Worthington Industries

The following details were available for trading and market data about the stock of Worthington Industries as of writing:
Current Share Price:$36.48
Previous Year's Closing Price:$34.84
Percentage Price Change (YTD):4.71%
Market Cap:$2.05 billion
52-week Price Range:$31.42 - $46.66
Dividend Per Share:$0.88
EPS (TTM):2.61
Price-Earnings (Trailing):13.98
Price-Earnings (Forward):8.77

Company Profile and Business Description for Worthington Industries

Worthington Industries, Inc., incorporated on August 24, 1998, is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company's segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Company's manufactured metal products include pressure cylinders for liquefied petroleum gas (LPG), compressed natural gas (CNG), oxygen, refrigerant and other industrial gas storage; hand torches and filled hand torch cylinders; propane-filled camping cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the oil and gas industry; cryogenic pressure vessels for liquefied natural gas (LNG) and other gas storage applications; engineered cabs and operator stations and cab components, and through joint ventures, suspension grid systems for concealed and lay-in panel ceilings; laser welded blanks; light gauge steel framing for commercial and residential construction, and automotive service stampings.

Steel Processing

The Steel Processing segment consists of the Worthington Steel business unit (Worthington Steel), which operated 23 manufacturing facilities, as of May 31, 2016; Worthington Steelpac Systems, LLC (SteelPac), which designs and manufactures recyclable steel packaging solutions for the movement of products, and three consolidated joint ventures: Spartan Steel Coating, LLC (Spartan), which operates a cold-rolled hot dipped galvanizing line in Monroe, Michigan; TWB Company, L.L.C. (TWB), which operates a laser welded blank business, and Worthington Specialty Processing (WSP), which processes wide-sheet steel for the auto industry and operated three facilities in Michigan, as of May 31, 2016. Its manufacturing facilities are located in Ohio, Michigan, Mexico, Alabama, Indiana, Tennessee, Kentucky, New York and Canada.

The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors. As of May 31, 2016, the Steel Processing segment served approximately 1,000 customers in the automotive, aerospace, agricultural, appliance, construction, container, hardware, heating, ventilating and air conditioning (HVAC), lawn and garden, leisure and recreation, office furniture and office equipment markets.

Pressure Cylinders

The Pressure Cylinders segment consists of the Worthington Cylinders business unit (Worthington Cylinders), which operated 21 manufacturing facilities, as of May 31, 2016, and two consolidated joint ventures: Turkey-based Worthington Aritas Basincli Kaplar Sanayi (Worthington Aritas), a manufacturer of cryogenic pressure vessels for LNG and other gas storage applications, and Utah-based dHybrid Systems, LLC (dHybrid), a manufacturer of CNG fuel systems primarily for heavy duty, refuse and other trucks. The Pressure Cylinders segment manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, and oil and gas equipment along with various accessories and related products for end use market applications, such as industrial products, consumer products, alternative fuels, oil and gas equipment, and cryogenics. Its manufacturing facilities are located in Alabama, California, Kansas, Massachusetts, North Carolina, North Dakota, Ohio, Oklahoma, Utah, Wisconsin, Austria, Poland, Portugal and Turkey.

Engineered Cabs

The Engineered Cabs segment consists of the Worthington Industries Engineered Cabs business unit (Engineered Cabs), which operated two manufacturing facilities, one in each of South Dakota and Tennessee, as of May 31, 2016. The Engineered Cabs is a non-captive designer and manufacturer of custom-engineered open and enclosed cabs and operator stations and custom fabrications for heavy mobile equipment used in the agricultural, construction, forestry, mining and military industries. The Engineered Cabs' product design, engineering support and manufacturing solutions enable it to produce cabs and structures used in products ranging from small utility equipment to the large earthmovers. In addition to its engineered cab products, the Engineered Cabs segment provides a suite of complementary products, such as machined structural components, complex and painted weldments, engine doors, boom components and complete frames.

Engineered Cabs has the manufacturing solution for steel laser cutting, steel bending and forming, roll-form tube curving and bending, machining, welding-robotic and manual, automated steel product cleaning and E-coating, top coat painting and assembly. As of May 31, 2016, the Engineered Cabs produced products for over 150 different equipment platforms for approximately 75 customers.

Other

The Other segment includes Construction Services and Worthington Energy Innovations (WEI). The Company's Construction Services segment consists of the Military Construction business unit, which is engaged in the supply and construction of single family housing, with a focus on military housing. Its WEI is an energy services company that develops energy solutions for entities in North America and Asia.

200 W Old Wilson Bridge Rd

Peer / Competitor Companies of Steel and Iron Sector

Along with Worthington Industries, Inc., the following other peer (competitor) companies also exist within the same Steel and Iron - Capital Goods sector whose company profile and dividend history is as follows:

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▶ Allegheny (ATI): Allegheny Technologies Incorporated (ATI), incorporated on August 26, 1999, is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components ....See Detailed Company Profile  and Dividend History.

▶ ArcelorMittal (MT): ArcelorMittal S.A. (ArcelorMittal), incorporated on June 21, 2001, is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and ....See Detailed Company Profile  and Dividend History.

▶ Carpenter Technology (CRS): Carpenter Technology Corporation, incorporated on October 3, 1968, is engaged in the manufacturing, fabrication and distribution of specialty metals. The Companys segments include Specialty Alloys Operations (SAO) and Performance Engineered ....See Detailed Company Profile  and Dividend History.

▶ Commercial Metals (CMC): Commercial Metals Company (CMC), incorporated on August 29, 1946, together with its subsidiaries, is engaged in manufacturing, recycling and marketing steel and metal products, related materials and services through a ....See Detailed Company Profile  and Dividend History.

▶ Friedman Industries (FRD): Friedman Industries, Incorporated, incorporated on March 29, 1965, is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and ....See Detailed Company Profile  and Dividend History.

▶ Gerdau (GGB): Gerdau S.A. provides steel-related products and services worldwide. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operatio....See Detailed Company Profile  and Dividend History.

▶ Gibraltar Industries (ROCK): Gibraltar Industries, Inc., incorporated on September 17, 1993, is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Grupo Simec (SIM): Grupo Simec, S.A.B. de C.V., incorporated on August 22, 1990, is a manufacturer, processor and distributor of special bar quality (SBQ) steel and structural steel products with production and commercial ....See Detailed Company Profile  and Dividend History.

▶ Haynes International (HAYN): Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The ....See Detailed Company Profile  and Dividend History.

▶ Hongli Clean Energy (CETC): Hongli Clean Energy Technologies Corp., formerly SinoCoking Coal and Coke Chemical Industries, Inc., incorporated on September 30, 1996, is an energy production company. The Company focuses on providing clean burning ....See Detailed Company Profile  and Dividend History.

▶ Insteel Industries (IIIN): Insteel Industries, Inc., incorporated on December 1, 1958, is a manufacturer of steel wire reinforcing products for concrete construction applications. The Companys operations are focused on the manufacture and marketing ....See Detailed Company Profile  and Dividend History.

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▶ National Steel (SID): Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel product....See Detailed Company Profile  and Dividend History.

▶ Northwest Pipe (NWPX): Northwest Pipe Company, incorporated on March 31, 1966, is a manufacturer of engineered steel pipe water systems in North America. The Company operates through two segments: Water Transmission and Tubular ....See Detailed Company Profile  and Dividend History.

▶ Nucor (NUE): Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mil....See Detailed Company Profile  and Dividend History.

▶ Ossen Innovation (OSN): Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China....See Detailed Company Profile  and Dividend History.

▶ POSCO (PKX): POSCO, incorporated on April 1, 1968, is an integrated steel producer. The Company operates in four segments: steel, trading, engineering and construction, and others. The steel segment includes production of ....See Detailed Company Profile  and Dividend History.

▶ Steel Dynamics (STLD): Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through....See Detailed Company Profile  and Dividend History.

▶ SunCoke Energy (SXC): SunCoke Energy, Inc. operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and th....See Detailed Company Profile  and Dividend History.

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