Worthington Stock Price, News & Analysis

Worthington Industries (NYSE:WOR) is set to announce its second quarter results on Dec. 17, 2020, before the market opens. A live webcast will be hosted at 2 p.m. ET to discuss these results, which can be accessed on their website. Established in 1955, Worthington is a premier industrial manufacturing company serving various sectors including transportation and energy. With 51 facilities in 15 states and six countries, it employs around 7,500 people. The company focuses on innovative solutions and maintains a people-first philosophy.

Worthington Industries (NYSE: WOR) will have its CFO, Joe Hayek, presenting at Baird's 2020 Virtual Global Industrials Conference on Nov. 12 at 12:50 p.m. ET. The presentation will cover the company's operations, financial performance, and growth strategy. Investors can access the live webcast through the provided link or on the Worthington Industries website, with a replay available for one year.

Founded in 1955, Worthington operates 51 facilities across multiple countries, employing around 7,500 people, and is known for delivering innovative solutions in various industrial sectors.

The board of directors of Worthington Industries (NYSE: WOR) declared a quarterly dividend of $0.25 per share, payable on Dec. 29, 2020, to shareholders of record by Dec. 15, 2020. Worthington has consistently paid a quarterly dividend since becoming public in 1968. The company specializes in industrial manufacturing across multiple sectors including transportation, construction, and agriculture, and has a presence in over 90 countries. With 52 facilities and approximately 7,500 employees, Worthington aims to drive progress and shareholder value.

Worthington Industries reported net sales of $702.9 million and net earnings of $616.7 million ($11.22 per diluted share) for Q1 fiscal 2021, marking a decrease in sales compared to $855.9 million in Q1 fiscal 2020. The earnings were significantly boosted by a net pre-tax gain of $746.6 million from its investment in Nikola Corporation. While Steel Processing saw an 18% drop in net sales, operating income improved due to better spreads and lower conversion costs. Demand remains solid in several markets despite uncertainties in oil & gas.

Worthington Industries (NYSE: WOR) will release its first-quarter results on Sept. 23, 2020, before market opening. A live webcast discussing these results is scheduled for 2 p.m. ET that day, available at www.WorthingtonIndustries.com. The company, based in Columbus, Ohio, is a leading industrial manufacturer with a diverse portfolio across various sectors, including transportation and energy. Worthington operates 52 facilities globally and employs approximately 7,500 people. Founded in 1955, the company is committed to innovative solutions and shareholder value.

Worthington Industries (NYSE: WOR) announced that President Andy Rose and CFO Joe Hayek will present at the Jefferies 2020 Virtual Industrials Conference on August 5 at 8:35 a.m. ET. They will provide updates on the company's operations, financial performance, and growth strategy. Investors can access a live webcast of the event at this link or on the company’s website, where it will be available for one year. Worthington is a leading industrial manufacturer known for its innovative solutions across various industries.

Worthington Industries (NYSE: WOR) reported Q4 FY2020 net sales of $611.6 million and net earnings of $16.2 million or $0.29 per diluted share, severely impacted by COVID-19, which included $15.7 million in restructuring charges reducing EPS by $0.20. This compares to $938.8 million in sales and $37.7 million in earnings in Q4 FY2019. Gross margins fell to $89.9 million, down $36.1 million from the prior year. The company declared a dividend of $0.25 per share and announced leadership changes, with Andy Rose becoming CEO on Sept. 1, 2020.

Worthington Industries announced that B. Andrew (Andy) Rose will succeed John P. McConnell as President and CEO, effective September 1, 2020. McConnell, who has led the company for over 27 years, will remain with Worthington as Executive Chairman. Rose, a member of the leadership team since 2008, is expected to carry forward the company's people-first philosophy and strategic initiatives. Under McConnell’s leadership, Worthington has focused on steel businesses and expanded through acquisitions, including 20 over the past decade. The company also has a strong track record of returning value to shareholders.

Worthington Industries (NYSE: WOR) has declared a quarterly dividend of $0.25 per share, marking a $0.01 increase from the previous quarter. This dividend will be paid on September 29, 2020, to shareholders on record by September 15, 2020. Worthington has consistently increased its dividend for 10 years and has paid dividends since going public in 1968. The company operates 56 facilities across 15 states and six countries, focusing on innovative solutions across multiple industries.