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Worthington Industries, Inc. - Company Profile

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Worthington Industries, Inc. - Overview

Brands
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Description
Worthington Industries, Inc. is a public company headquartered in Ohio with an estimated 9,000 employees. In the US, the company has a notable market share in at least three industries: Steel Rolling & Drawing, Metal Tank Manufacturing and Steel Wire Drawing. Their largest market share is in the Steel Rolling & Drawing industry, where they account for an estimated 15.9% of total industry revenue and are considered an Incumbent because they display strong market share, but lower profit and revenue growth than some of their peers.
Company Details

Registered Name: Worthington Industries, Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 200 Old Wilson Bridge Road Columbus OH 43085

Employees: 9000

Worthington Industries, Inc. - Operating Industries and Main Competitors

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Worthington Industries, Inc. - Products and Services

  • Steel Rolling & Drawing in the US

  • Of the 6 core revenue-generating products and services in the Steel Rolling & Drawing in the US industry, Worthington Industries, Inc. offers:
    • Cold finished bars and other shapes
    • Cold-rolled steel sheet
    • Other
  • Metal Tank Manufacturing in the US

  • Of the 7 core revenue-generating products and services in the Metal Tank Manufacturing in the US industry, Worthington Industries, Inc. offers:
    • Gas cylinders
    • Metal tanks and vessels (custom-fabricated and field-erected)
    • Metal tanks and vessels (custom-fabricated at the factory)
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  • Steel Wire Drawing

  • Of the 5 core revenue-generating products and services in the Steel Wire Drawing industry, Worthington Industries, Inc. offers:
    • Ferrous wire products
    • Non-insulated ferrous wire products
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Worthington Industries, Inc. - Analyst Insights

Worthington Industries’ 2021 corporate citizenship and sustainability report

In 2021, Worthington Industries had some notable achievements in their corporate citizenship and sustainability practices. To begin with, the company donated over $2.2 million to local communities to fund health care, education, the arts and civic causes. Worthington also established a Diversity, Equity and Inclusion leadership council focused on workforce, workplace, community and partnerships. Finally, Worthington recycled 96.0% of the waste the company produced.

ESG|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Worthington Industries, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Worthington Industries, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Steel Rolling & Drawing in the US, Metal Tank Manufacturing in the US, and Steel Wire Drawing industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Worthington Industries, Inc. - Financial Statements & Ratios

pie_chartWorthington Industries, Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue3,171.43,059.13,759.63,581.63,014.12,819.7
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartWorthington Industries, Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents225.2713.172.393.0122.2175.2
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartWorthington Industries, Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income741.584.4163.3200.9217.9157.6
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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