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Worthington Industries (WOR)

Worthington Industries is a leading industrial manufacturing company delivering innovative solutions to customers that span many industries including transportation, construction, industrial, agriculture, retail and energy. Worthington is North America's premier value-added steel processor and producer of laser welded products; and a leading global supplier of pressure cylinders and accessories for applications such as fuel storage, water systems, outdoor living, tools and celebrations. The Company's brands, primarily sold in retail stores, include Coleman®, Bernzomatic®, Balloon Time®, Mag Torch®, Well-X-Trol®, General®, Garden-Weasel®, Pactool International® and Hawkeye™. Worthington's WAVE joint venture with Armstrong is the North American leader in innovative ceiling solutions.

Company profile

Ticker
WOR
Exchange
NYSE
Website
www.worthingtonindustries.com
CEO
John McConnell
Employees
Incorporated
Ohio
Location
Ohio
Fiscal year end
May 31
Sector
Manufacturing > All Other Miscellaneous Fabricated Metal Product Manufacturing
Industry (SIC)
Steel Works, Blast Furnaces & Rolling & Finishing Mills
General Steel • Gibraltar Industries • Haynes International • Insteel Industries • Friedman Industries • Mittal Steel USA • National Steel • Gerdau • Nippon Steel ...
SEC CIK
0000108516
Corporate docs
Subsidiaries
Worthington Industries • Worthington Services, LLC • Worthington Steel of Michigan, Inc. • New AMTROL Holdings, Inc. • AMTROL Inc. • AMTROL North American Cylinders, LLC • AMTROL Water Technology, LLC • AMTROL International Investments Inc. • AMTROL Holding Netherlands B.V. • AMTROL-ALFA Metalomecanica, S.A. ...
IRS number
311189815

WOR stock data

News

From Benzinga Pro
Why Shares Of Worthington Industries Are Trading Higher Today
23 Jun 22
Worthington Industries (NYSE: WOR) shares are trading higher after the company reported better-than-expected fourth quarter earnings per share and sales results.
Worthington Industries Q4 EPS $1.61 Beats $0.83 Estimate, Sales $1.52B Beat $1.24B Estimate
22 Jun 22
Worthington Industries (NYSE:WOR) reported quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $0.83 by 93.98 percent. This is a 30.9 percent decrease over earnings of $2.33 per share from
Stocks That Hit 52-Week Lows On Wednesday
22 Jun 22
On Wednesday, 329 companies hit new 52-week lows.
Earnings Scheduled For June 22, 2022
22 Jun 22
Worthington Industries's Earnings: A Preview
21 Jun 22

Press releases

From Benzinga Pro
Rev1 Ventures Partners with Worthington Industries to Accelerate Advancements in Sustainability Technology, Smart Manufacturing and More
26 Jul 22
Leader in Industrial Manufacturing Commits to Supporting More Entrepreneurs to Propel Innovation and Startup Growth COLUMBUS, Ohio (PRWEB) July 26, 2022 Today, Rev1 Ventures, the startup studio that combines capital and
Worthington Reports Fourth Quarter Fiscal 2022 Results
22 Jun 22
COLUMBUS, Ohio, June 22, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today reported net sales of $1.5 billion and net earnings of $80.3 million, or $1.61 per diluted share, for its fiscal 2022
Worthington Industries Increases Quarterly Dividend
22 Jun 22
COLUMBUS, Ohio, June 22, 2022 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.31 per share, an increase of $0.03 per share or 11% from the
Worthington Industries to Webcast Discussion of Fourth Quarter 2022 Results on June 23
7 Jun 22
Worthington Industries Acquires Drywall Tools Company Level5® Tools, LLC
2 Jun 22

Calendar

1 Aug 22
9 Aug 22
31 May 23

Financial summary

Financial statements Chart WOR financial data
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) May 22 May 21 May 20 May 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 34.49M 34.49M 34.49M 34.49M 34.49M 34.49M
Cash burn (monthly) 3.28M 50.49M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 7.56M 116.35M n/a n/a n/a n/a
Cash remaining 26.93M -81.86M n/a n/a n/a n/a
Runway (months of cash) 8.2 -1.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

WOR insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Steven M Caravati Common Shares Payment of exercise Dispose F No No 51.8 577 29.89K 34,476
1 Aug 22 Patrick J. Kennedy Common Shares Payment of exercise Dispose F No No 51.8 1,134 58.74K 7,355
1 Aug 22 Steven R Witt Common Shares Payment of exercise Dispose F No No 51.8 760 39.37K 7,447
29 Jul 22 Joseph B Hayek Phantom Stock Acquired Under Deferred Compensation Plan Common Shares Grant Acquire A No No 51.21 3 153.63 2,061
15 Jul 22 Joseph B Hayek Phantom Stock Acquired Under Deferred Compensation Plan Common Shares Grant Acquire A No No 44.23 3 132.69 2,059
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

WOR institutional ownership history Ownership history
47.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 245 242 +1.2%
Opened positions 35 39 -10.3%
Closed positions 32 24 +33.3%
Increased positions 83 71 +16.9%
Reduced positions 83 90 -7.8%
13F shares Current Prev Q Change
Total value 1.19B 1.27B -6.2%
Total shares 23.16M 23.22M -0.2%
Total puts 55.2K 24.4K +126.2%
Total calls 82K 22.4K +266.1%
Total put/call ratio 0.7 1.1 -38.2%
Largest owners Shares Value Change
BLK Blackrock 4.57M $235.01M +13.0%
Vanguard 3.33M $171.14M +0.4%
STT State Street 2.01M $103.36M +18.1%
Dimensional Fund Advisors 1.81M $93.01M +6.4%
MCQEF Macquarie 1.77M $90.79M +10.1%
Victory Capital Management 1.28M $65.09M +2.1%
BK Bank Of New York Mellon 574.53K $29.54M +0.6%
Geode Capital Management 572.62K $29.44M -2.0%
NTRS Northern Trust 450.88K $23.18M -2.5%
Charles Schwab Investment Management 417.63K $21.47M +8.0%
Largest transactions Shares Bought/sold Change
BLK Blackrock 4.57M +526.78K +13.0%
Norges Bank 0 -313.87K EXIT
STT State Street 2.01M +307.67K +18.1%
AMP Ameriprise Financial 59.66K -281.85K -82.5%
MCQEF Macquarie 1.77M +161.56K +10.1%
Foundry Partners 63.21K -135.25K -68.2%
Dimensional Fund Advisors 1.81M +108.76K +6.4%
Millennium Management 16.23K -87.46K -84.4%
LSV Asset Management 29.18K -81.22K -73.6%
HRT Financial 0 -64.72K EXIT
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

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Competition
Commercial Vehicle

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accrual, armed, ASC, ATI, billion, BMO, Burlington, casting, Changzhou, Chennai, Chicago, CODM, comingled, conflict, correlated, couple, Daily, dedicated, die, earnout, EBIT, emission, espionage, EV, facilitate, fee, froze, handheld, Hawkeye, ID, inflationary, invasion, Mag, Maker, molten, motor, notching, OPEB, outdoor, Penn, perspective, postretirement, PSLRA, rendered, reorganization, reorganized, Russia, SERP, Society, softening, spring, stacking, successor, supervision, Tempel, thereunder, Truist, Twinsburg, Ukraine, war, weakest, website, wholly, winding, Witt
Removed: absorb, Alfa, Allegheny, Antioch, ASME, Assistant, attributed, auto, began, beverage, Boilermate, brazing, Bulletin, Cambridge, ceased, Champion, Citigroup, closure, comparative, conform, cutting, Delinquent, devoted, Dickinson, dilutive, DK, ERP, Everskill, Extrol, FCA, finalized, fired, frequency, FTSE, galvanizing, Geumsan, Glasgow, Hydromax, Internet, iv, Lake, license, lowering, Monroe, Ontario, outlined, pallet, pattern, planned, plumbing, propane, provisional, Puebla, relate, reliable, rent, rental, repatriation, Richard, rider, rounding, Russell, Salt, semiconductor, separation, Shanghai, Silao, simplify, Smyrna, solder, soldering, stake, submit, tank, TCJA, Tech, tolling, Tool, tranche, transition, Trol, Turkey, underperforming, Utah, vi, Welch, WorthgtnInd
From filing 10-K 2022 FY
Financial reports
View all
10-K
2022 FY
Annual report
1 Aug 22
10-Q
2022 Q3
Quarterly report
11 Apr 22
10-Q
2022 Q2
Quarterly report
10 Jan 22
10-Q
2022 Q1
Quarterly report
12 Oct 21
10-K/A
2021 FY
Annual report (amended)
12 Oct 21
10-K
2021 FY
Annual report
30 Jul 21
10-Q
2021 Q3
Quarterly report
9 Apr 21
10-Q
2021 Q2
Quarterly report
11 Jan 21
10-Q
2021 Q1
Quarterly report
13 Oct 20
10-K
2020 FY
Annual report
30 Jul 20
Current reports
View all
8-K
Other Events
5 Aug 22
8-K
Q4 2022 Earnings Call
28 Jun 22
8-K
Worthington Reports Fourth Quarter Fiscal 2022 Results
22 Jun 22
8-K
Worthington Industries Acquires Drywall Tools Company Level5® Tools, LLC
2 Jun 22
8-K
Entry into a Material Definitive Agreement
19 May 22
8-K
Third Quarter Fiscal 2022 Earnings Conference Call
28 Mar 22
8-K/A
Departure of Directors or Certain Officers
25 Mar 22
8-K
Worthington Reports Third Quarter Fiscal 2022 Results
22 Mar 22
8-K
Departure of Directors or Certain Officers
1 Mar 22
8-K
Q2 2022 Earnings Call
21 Dec 21
Registration and prospectus
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S-8 POS
Registration of securities for employees (post-effective amendment)
1 Oct 20
424B3
Prospectus supplement
9 Jun 20
S-8
Registration of securities for employees
10 Oct 19
424B3
Prospectus supplement
12 Oct 18
424B3
Prospectus supplement
26 Jul 17
424B5
Prospectus supplement for primary offering
24 Jul 17
FWP
Free writing prospectus
24 Jul 17
S-3ASR
Automatic shelf registration
18 Jul 17
15-15D
Suspension of duty to report
28 Jun 16
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Jun 16
Proxies
View all
PX14A6G
Letter to shareholders
23 Aug 21
DEFA14A
Additional proxy soliciting materials
16 Aug 21
DEF 14A
Definitive proxy
16 Aug 21
DEFA14A
Additional proxy soliciting materials
21 Aug 20
DEFA14A
Additional proxy soliciting materials
12 Aug 20
DEF 14A
Definitive proxy
12 Aug 20
DEF 14A
Definitive proxy
13 Aug 19
DEFA14A
Additional proxy soliciting materials
13 Aug 19
DEFA14A
Additional proxy soliciting materials
14 Aug 18
DEF 14A
Definitive proxy
14 Aug 18
Other
View all
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
25 May 17
SD
Conflict minerals disclosure
26 May 16
SD
Conflict minerals disclosure
28 May 15
SD
Conflict minerals disclosure
29 May 14
UPLOAD
Letter from SEC
28 Apr 11
Ownership
View all
4
WORTHINGTON INDUSTRIES / Steven R Witt ownership change
2 Aug 22
4
WORTHINGTON INDUSTRIES / Patrick J. Kennedy ownership change
2 Aug 22
4
WORTHINGTON INDUSTRIES / Steven M Caravati ownership change
2 Aug 22
4
WORTHINGTON INDUSTRIES / JOSEPH B HAYEK ownership change
1 Aug 22
4
WORTHINGTON INDUSTRIES / JOSEPH B HAYEK ownership change
18 Jul 22
4
WORTHINGTON INDUSTRIES / JOSEPH B HAYEK ownership change
6 Jul 22
4
WORTHINGTON INDUSTRIES / JOSEPH B HAYEK ownership change
5 Jul 22
4
WORTHINGTON INDUSTRIES / GEOFFREY G GILMORE ownership change
5 Jul 22
4
WORTHINGTON INDUSTRIES / Steven M Caravati ownership change
5 Jul 22
4
WORTHINGTON INDUSTRIES / Patrick J. Kennedy ownership change
5 Jul 22

Patents

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Design
Slide clip
2 Aug 22
Inventors: Gregg Allan Stahl, Brett Daniel Hironimus
Design
Slide clip
2 Aug 22
Inventors: Gregg Allan Stahl, Brett Daniel Hironimus
Utility
Integrated fill system and method
26 Jul 22
An integrated fill system is provided for a vehicle.
Utility
Compressed natural gas fueling system with integrated fill receptacle
21 Jun 22
A compressed natural gas fueling system includes a frame arrangement with at least one tank disposed therein and an inlet that can receive a compressed natural gas fueling nozzle to fill the at least one tank.
Utility
Control Joint
12 May 22
One embodiment of a construction component includes a first flange, a second flange, a flex portion positioned between the first flange and the second flange, a first leg, and a first strip.

Transcripts

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2022 Q4
Earnings call transcript
23 Jun 22
2022 Q3
Earnings call transcript
23 Mar 22
2022 Q2
Earnings call transcript
16 Dec 21
2022 Q1
Earnings call transcript
29 Sep 21
2021 Q4
Earnings call transcript
24 Jun 21
2021 Q3
Earnings call transcript
24 Mar 21
2021 Q2
Earnings call transcript
17 Dec 20
2021 Q1
Earnings call transcript
23 Sep 20
2020 Q4
Earnings call transcript
25 Jun 20
2020 Q3
Earnings call transcript
26 Mar 20

Reddit threads

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