Lets Talk Finances

Provoking Discussion on Personal Finance and Investing

WOR - Worthington Industries, Inc. ()

Overview

Company Summary


Worthington Industries, Inc., commonly known as Worthington, is a diversified metals manufacturing company. The company operates through three main segments:

1. Steel Processing: Worthington's steel processing segment focuses on processing flat-rolled steel for various industries. They provide services such as slitting, cutting, and distributing steel coils and sheets to customers in the automotive, construction, appliance, and HVAC (heating, ventilation, and air conditioning) industries. This segment also includes laser-welded blanks, a technology that combines multiple steel components into a single part used for automotive applications.

2. Pressure Cylinders: Worthington is a leading manufacturer of pressure cylinders, including liquefied petroleum gas (LPG) cylinders, compressed natural gas (CNG) cylinders, and various other types of cylinders used for storage and transportation of gases. These cylinders are commonly used in residential heating, agriculture, industrial applications, as well as in alternative fuels and recreational vehicles.

3. Engineered Cabs: The engineered cabs segment of Worthington manufactures highly customized, operator-friendly cabs, enclosures, and related products for heavy-duty machinery and equipment manufacturers. Their products are used in industries such as agriculture, construction, mining, and rail transportation. The cabs are designed to provide comfort, safety, and efficiency to the operators of these machines.

Worthington Industries has a history of innovation and has built a strong reputation for quality and reliability in its products and services. The company serves a wide range of customers globally and operates multiple manufacturing facilities across the United States and Europe.

Notes (see all)

News