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Worthington Enterprises (WOR) delivers innovative metal processing solutions and sustainable energy systems across global markets. This news hub provides investors and industry professionals with direct access to official announcements, strategic developments, and financial updates from the diversified manufacturer.
Track the company’s progress in building products, consumer solutions, and clean energy technologies through curated press releases. Our repository includes verified updates on earnings reports, facility expansions, product launches, and partnership agreements – all essential for understanding WOR’s market position.
Discover how the company’s advancements in composite cylinder manufacturing and architectural metal systems impact key industries. Content is organized chronologically for efficient research, with clear sourcing for regulatory compliance. Bookmark this page for real-time insights into operational milestones and corporate strategy.
Worthington Industries reported net sales of $1.4 billion and net earnings of $56.3 million, or $1.11 per diluted share, for Q3 fiscal 2022, reflecting an 82% increase in sales year-over-year. Earnings per share fell from $1.27 to $1.11 due to restructuring charges and inventory holding losses. Operating income decreased by $12.2 million to $37.6 million. Despite higher sales driven by acquisitions, steel price volatility and increased SG&A expenses affected margins. The company declared a quarterly dividend of $0.28 per share and repurchased 1 million shares for $54.2 million.
The board of directors of Worthington Industries (NYSE:WOR) has declared a quarterly dividend of $0.28 per share, payable on June 29, 2022, to shareholders of record on June 15, 2022. Worthington has consistently paid quarterly dividends since becoming public in 1968. The company aims to be a transformative partner in various sectors, including automotive and energy, and operates 58 facilities across 16 states and nine countries.
Worthington Industries (NYSE: WOR) was recognized as a Partner-level supplier and inducted into John Deere's 10-year Supplier Hall of Fame for 2021. This accolade reflects Worthington's consistent high performance in quality, service, and continuous improvement, particularly during a challenging steel market. Worthington Industries supports John Deere's manufacturing efforts for various agricultural and garden equipment. The Achieving Excellence Program emphasizes supplier evaluation and improvement, further underlining Worthington’s commitment to excellence.
Worthington Industries (NYSE:WOR) plans to disclose its third quarter results on March 22, 2022, after market closure. A live webcast discussing these results will occur on March 23, 2022, at 8:30 a.m. ET. Interested parties can access the webcast on Worthington's website where it will be archived for one year.
Worthington is a leading manufacturing company serving diverse industries.
The board of directors of Worthington Industries (NYSE:WOR) has declared a quarterly dividend of $0.28 per share, payable on March 29, 2022, to shareholders of record on March 15, 2022. Worthington has consistently paid quarterly dividends since becoming public in 1968. The company, based in Columbus, Ohio, operates 58 facilities across 16 states and nine countries, focusing on industrial manufacturing across various sectors including automotive and energy.
Worthington Industries reported robust fiscal Q2 2022 results with net sales of $1.2 billion and net earnings of $110.3 million, or $2.15 per diluted share, marking a substantial recovery from a net loss of $74.0 million in Q2 2021. The growth of 69% in revenue was driven by the Steel Processing segment, benefiting from inventory holding gains. The company completed the acquisition of Tempel Steel for approximately $255 million, enhancing its position in the electrical steel market. Outlook remains optimistic with expectations for continued healthy demand.
Worthington Industries, Inc. (NYSE: WOR) has completed its acquisition of Tempel Steel Company for approximately $255 million. Tempel is a global leader in manufacturing precision laminations for the electrical steel market, including applications in transformers and electric vehicles. The acquisition adds five manufacturing facilities across Canada, China, India, Mexico, and the U.S., expanding Worthington's workforce by 1,500 employees. This move positions Worthington as a leader in the growing electrical steel market, addressing the demand for hybrids and electric vehicles.
Worthington Industries (NYSE:WOR) will announce its second quarter results on Dec. 16, 2021, before market opening. A live webcast discussion is scheduled for 2 p.m. ET the same day, available on the company’s website and archived for a year. Worthington, established in 1955 and headquartered in Columbus, Ohio, operates 53 facilities across 15 states and seven countries, employing about 8,000 people. The company focuses on innovation in various sectors, including automotive, energy, and consumer products.
Worthington Industries (NYSE: WOR) has launched innovative tools and outdoor living products, set to hit retail stores nationwide for the holiday season. Highlights include the Bernzomatic Digital Fuel Gauge, recognized as a Popular Mechanics Shop Tool Awards 2021 Winner, and the General Tools ANGLE-IZER Locking Contour Gauge, designed for precise shape duplication. These products aim to enhance user experience and reflect the company's focus on consumer insights and innovation.
Worthington Industries (NYSE: WOR) announced that Joe Hayek, Vice President and CFO, will present at Baird’s 2021 Virtual Global Industrial Conference on Nov. 11 at 9:05 a.m. ET. He will discuss the company’s operations, financial performance, and growth strategy. A live webcast will be available on the Worthington Industries website and can be replayed for up to one year.
Additionally, the company is hosting a Virtual Investor & Analyst Day on Nov. 10 at 9:30 a.m. ET.
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