Worthington Industries Inc

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  • uploads///part  metal recycling
    Earnings Report

    Steel Dynamics’ Metal Recycling Operations Posted a Profit

    Steel scrap prices have been stable over the last couple of months. This helped Steel Dynamics’ metal recycling operations post an operating profit in 2Q15.

    By Mohit Oberoi, CFA
  • uploads///part  building permits
    Macroeconomic Analysis

    Interesting Times for Steel as Building Permits Surge in May

    An increase in building permits is positive for the US housing market. In May, building permits increased by an impressive 25.4% on a year-over-year basis.

    By Mohit Oberoi, CFA
  • uploads///real estate climate index
    Macroeconomic Analysis

    China’s Real Estate Climate Index Drops in April

    The decline in China’s real estate climate index is an indicator that Chinese construction activity has slowed down. China’s real estate sector is a key driver of global steel demand.

    By Mohit Oberoi, CFA
  • uploads///building permits housing
    Macroeconomic Analysis

    Key Housing Industry Indicators US Steel Investors Should Track

    Analysts track new home sales as an important housing industry indicator. New home sales increased an impressive 24.8% in February.

    By Mohit Oberoi, CFA
  • uploads///vehicle sales
    Company & Industry Overviews

    Worthington Industries in 2015: Outlook Mainly Strong

    Worthington derives almost 40% of its revenue from the automotive industry. Considering how well the sector is doing, the outlook for Worthington is good.

    By Mohit Oberoi, CFA
  • uploads///jint ventures
    Company & Industry Overviews

    Worthington Industries: Joint Ventures Vital to Bottom Line

    WAVE and ClarkDietrich are Worthington’s two biggest joint ventures. Worthington also has a 50% stake in Serviacaro, a steel processor in Mexico.

    By Mohit Oberoi, CFA
  • uploads///leverage ratios
    Company & Industry Overviews

    Worthington Industries Enjoys Comfortable Leverage Ratios

    Lower leverage ratios give Worthington a lot of opportunities to expand its business. The company’s cash flow is also in good shape.

    By Mohit Oberoi, CFA
  • uploads///jv earnings
    Company & Industry Overviews

    Successful Joint Ventures Drive Worthington Earnings

    Worthington earnings Previously in this series, we looked at some of Worthington Industries’s (WOR) major joint ventures, or JVs. These JVs serve the automobile, energy, and steel industries. Its oil and gas equipment sales grew 84% in 2Q 2015. Worthington’s fiscal year ends on May 31. Commercial Metals Company (CMC) runs its financial year from July to August. Oil […]

    By Mohit Oberoi, CFA
  • uploads///acquisitions
    Company & Industry Overviews

    Worthington Industries: Growth Via Mergers and Acquisitions

    Mergers and acquisitions are an integral part of Worthington’s growth strategy. It has acquired 18 companies since 2009.

    By Mohit Oberoi, CFA
  • uploads///enginnered cabs
    Company & Industry Overviews

    Worthington Engineered Cabs Segment Sees Less Demand

    Higher operating costs at the Florence plant is one of the reasons why the Engineered Cabs segment was losing money. The plant is now closed.

    By Mohit Oberoi, CFA
  • uploads///pressure cylinders
    Company & Industry Overviews

    Understanding the Worthington Pressure Cylinder Segment

    The Pressure Cylinder segment supplies four major industries. Oil and gas equipment accounts for a quarter of this segment’s revenues.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Worthington Steel Segment Relies on Automotive Sector

    Steel is Worthington Industries’ biggest segment, accounting for more than half of the company’s operating profits.

    By Mohit Oberoi, CFA
  • uploads///part
    Company & Industry Overviews

    Worthington Industries: What Investors Need to Know

    Worthington Industries was formed 60 years ago and is headquartered in Columbus, Ohio. It’s a leading value-added steel producer in the United States.

    By Mohit Oberoi, CFA
  • uploads///global steel production
    Macroeconomic Analysis

    Global Steel Production Increased 0.6% in February

    A low capacity utilization rate increases competition between existing industry players. This pressures steel prices as producers try to increase sales.

    By Mohit Oberoi, CFA
  • uploads///free cash flow positive
    Earnings Report

    AK Steel Could Turn Free Cash Flow Positive In 2015

    AK Steel expects to reduce its working capital and sell inventory in 2015. Its pension expenses will come down significantly in 2015, another positive sign.

    By Mohit Oberoi, CFA
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