Worthington Industries, Inc., the Columbus, Ohio, steel processor and manufacturer, reported net sales of $3.6 billion and net earnings of $194.8 million for its 2018 fiscal year ended May 31. While the company’s sales increased by 19 percent over the prior year, its earnings showed a decline from the $204.5 million in fiscal 2017. Improved […]
What we like to hear for our member companies: One of the largest service centers in the U.S. told us earlier this week after registering for our Steel Summit Conference, “Our guys tell me your conference is very good, I’m looking forward to attending. Also, several mills tell me that your conference is turning into […]
A strong finish to the 2016 fiscal year drove annual earnings per share to a record $2.22 for Worthington Industries. Earnings for fourth quarter, ending May 31, 2016, were were $58.8 million with sales of $714.7 million. Net earnings were more than double Q4 2015 earnings of $28.9 million. “While we expect some headwinds to […]
Metal Center News published their top 50 service centers based on volume with Reliance Steel & Aluminum taking top honors once again by a wide margin. Reliance 2013 revenues were $9.22 billion up from 2012 revenues of $8.44 billion. The next five service centers are closely bunched with revenues of at least $3.0 billion but […]
Natural gas future prices rose 5 percent on news from the Energy Information Administration that gas supplies fell by 285 billion cubic feet in the week ended Dec. 13. Freezing temperatures around the nation drove demand for natural gas to heat homes and businesses, creating the largest draw on gas supply in a single week, […]
Worthington Industries plans to close their Essex facility in Baltimore County, located near the former Sparrows Point steel site, by the end of its fiscal year, May 31, 2014. The closing will result in the layoff of 54 employees. The company filed the following SEC report: On December 10, 2013, the Steel Processing Segment (“Worthington […]
Worthington Industries announced that Ivan Meltzer has been named president of TWB Company, a laser welded blanking joint venture with Wuhan Iron and Steel Company. Meltzer will replace interim president and CFO Michael Lowrey, a 15 year veteran of the company, who will continue to serve as executive vice president and CFO. Meltzer is no […]