Welcome to our dedicated page for Worthington news (Ticker: WOR), a resource for investors and traders seeking the latest updates and insights on Worthington stock.
Worthington Enterprises, Inc. (NYSE: WOR) is regularly featured in corporate and financial news as a designer and manufacturer of brands and products that it describes as improving everyday life by elevating spaces and experiences. The company operates through two primary segments, Building Products and Consumer Products, and its disclosures highlight activity across both areas.
News coverage of Worthington Enterprises often centers on its financial performance and outlook. The company issues periodic earnings releases for its fiscal quarters, accompanied by conference calls and investor presentations. These updates discuss net sales, earnings, cash flow, segment performance and the use of non-GAAP measures such as adjusted EBITDA, along with commentary on factors influencing Building Products and Consumer Products.
Another recurring theme in WOR news is corporate development activity. Worthington Enterprises has announced acquisitions aligned with its Building Products segment, including Elgen Manufacturing, which designs and manufactures HVAC parts, components, ductwork and structural framing for commercial buildings, and an agreement to acquire LSI Group, a manufacturer of standing seam metal roof clips and retrofit components for commercial metal roofs. Such announcements provide insight into how the company expands its presence in the building envelope, commercial HVAC and roofing-related markets.
Investors and followers of WOR can also find updates on dividends, board appointments and participation in investor conferences. The company reports that it has paid a quarterly dividend since its initial public offering in 1968, and its news releases describe ongoing quarterly dividend declarations. Additional items include scheduling notices for earnings calls, participation in events such as the Baird Global Industrial Conference, the Canaccord Genuity Growth Conference and the CJS Securities New Ideas for the New Year conference, and commentary from management on strategy, the Worthington Business System and long-term shareholder value.
For those tracking WOR, the news flow provides a view into segment trends, acquisition activity, capital allocation decisions such as share repurchases and dividends, and the company’s communication with the investment community.
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.
Worthington Industries, Inc. (NYSE: WOR) will announce its fourth quarter and year-end results on June 25, 2020. A live webcast of the discussion will occur at 10:30 a.m. ET, available for one year on the company's website. Worthington is a leading industrial manufacturer with diverse solutions across various sectors, including transportation and energy. With 56 facilities in 15 states and six countries, the company employs around 8,000 people and aims to deliver shareholder value. The firm emphasizes a people-first philosophy, continually seeking transformation and progress.