Worthington Stock Price, News & Analysis

Worthington Industries reported fiscal Q3 2023 net sales of $1.1 billion, down 20% from $1.4 billion in Q3 2022. Net earnings were $46.3 million, or $0.94 per diluted share, lower than $56.3 million or $1.11 per share in the previous year. The decrease is attributed to lower selling prices, particularly in Steel Processing, amid declining steel prices. Operating income dropped to $30.1 million from $37.6 million. Despite challenges, the company anticipates continued demand in key markets and remains focused on its planned separation, the

The board of directors of Worthington Industries (NYSE:WOR) has announced a quarterly dividend of $0.31 per share, payable on June 29, 2023. This dividend is for shareholders recorded by June 15, 2023. Worthington has consistently paid quarterly dividends since going public in 1968, demonstrating its commitment to returning value to shareholders. The company operates 52 facilities across 15 states and nine countries, employing approximately 9,000 people. As a leader in industrial manufacturing, Worthington focuses on innovative solutions across various industries.

Worthington Industries (NYSE: WOR) has been recognized as a Partner-level supplier for 2022 in the John Deere Achieving Excellence Program, marking its 11th consecutive year receiving this honor. This distinction reflects Worthington's commitment to quality and continuous improvement in its products and services. The evaluation criteria include quality, delivery, process alignment, and value creation. The company supplies hot-rolled and cold-rolled steel sheets for various John Deere equipment. Worthington, headquartered in Columbus, Ohio, operates 52 facilities globally and emphasizes innovative solutions across multiple industries.

Worthington Industries (NYSE:WOR) will release its third quarter results on March 22, 2023, after market close. A live webcast of the results discussion is scheduled for March 23 at 9 a.m. ET. The webcast can be accessed on the company’s official website, where it will also be archived for one year. Worthington is known for its industrial manufacturing and innovative solutions across several sectors, including automotive and energy. The company operates 52 facilities globally and employs around 9,500 people, emphasizing a commitment to community and environmental responsibility.

Worthington Industries (NYSE: WOR) has announced the leadership teams for its two upcoming independent companies, New Worthington and Worthington Steel, as part of its separation plan expected to complete by early 2024. The New Worthington will focus on Consumer and Building Products, while Worthington Steel will specialize in steel processing. Key leaders include Andy Rose as CEO for New Worthington and Geoff Gilmore for Worthington Steel. The split aims to enhance growth opportunities, with each entity setting independent greenhouse gas emissions reduction targets aligned with scientific standards.