Worthington Industries

Company News

Worthington Reports Third Quarter Fiscal 2018 Results

COLUMBUS, Ohio, March 29, 2018 – Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $841.7 million and net earnings of $79.1 million, or $1.27 per diluted share, for its fiscal 2018 third quarter ended February 28, 2018.  Net earnings in the quarter included a tax benefit of $0.66 per diluted share related to the impact of discrete items and a lower statutory income tax rate...

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Company News

Worthington Industries Extends Existing $500 Million Revolving Credit Facility

Extends Maturity to February 2023 COLUMBUS, Ohio, February 19, 2018 – Worthington Industries, Inc. (NYSE: WOR) announced today that it has extended its existing five-year, revolving credit facility. The existing $500.0 million facility, which was set to mature on April 23, 2020, has been amended and extended until February 16, 2023. Borrowings under the amended credit facility bear interest...

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Company News

Worthington Industries Earns Recognition as a John Deere "Partner-level Supplier" for Six Consecutive Years

COLUMBUS, OH – February 20, 2018 - Worthington Industries, Inc. (NYSE: WOR) announced today that it has earned recognition as a Partner-level supplier for 2017 in the John Deere Achieving Excellence Program. This is the Company’s sixth consecutive year achieving the honor. The Partner-level status is Deere & Company’s highest supplier rating. Worthington was selected for this honor in...

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Mergers & Acquisitions

Worthington Industries Acquires Brazing Manufacturer

COLUMBUS, OHÂ- – Worthington Industries, Inc. (NYSE: WOR) announced today that it has acquired the business of NetBraze, LLC, a manufacturer of brazing alloys, silver brazing filler metals, solders and fluxes primarily used in plumbing, HVAC-R, industrial gas and OEM markets. “This acquisition expands our offering of alloys in the professional wholesale channel with innovative products...

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Company News

Worthington Industries Named to Victory Media's 2016 Military Friendly® Employers List

COLUMBUS, OHÂ- – Worthington Industries (NYSE:WOR) announced today that it has earned the 2016 Military Friendly® Employer designation by Victory Media, publisher of G.I. Jobs® and Military Spouse. Companies competed for the elite Military Friendly® Employer title by completing a data-driven survey, with data independently tested by EY (Ernst Young) based upon the...

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Mergers & Acquisitions

Worthington to Acquire Taylor Wharton CryoScience Business

COLUMBUS, OH -Â-  Worthington Industries, Inc. (NYSE: WOR) announced today that its Cryogenics business in the Pressure Cylinders segment is purchasing the assets of the global CryoScience business of Taylor Wharton, including a manufacturing facility in Theodore, Ala. Worthington will also acquire certain other intellectual property and manufacturing assets of Taylor Wharton focused on the...

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Mergers & Acquisitions

Worthington Acquires Trilogy's CNG Fuel System Technology

COLUMBUS, OHÂ- – Worthington Industries, Inc. (NYSE: WOR) today announced that its Pressure Cylinders segment has acquired certain assets of Trilogy Engineered Systems, a leader in compressed natural gas (CNG) fuel systems for heavy duty trucks. “Trilogy’s technology and fuel system models complement our existing CNG fuel systems offering,” said Andrew Billman, president of the...

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Company News

Worthington's Tailor Welded Blanking Joint Venture Announces New Kentucky Facility

COLUMBUS, OH –Â-  Worthington Industries (NYSE:WOR) today announced that its tailor welded blanking joint venture, TWB Company, LLC, is opening a new facility in Glasgow, Ky. The company plans to sublease 12,000-square-feet of space from Fortis Manufacturing. The facility is expected to begin production by the end of the first quarter of 2016. “This expansion is evidence of the strength...

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