Worthington Industries Inc
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.
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.
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.
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.
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.
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.
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.
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 […]
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.
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.
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.
Worthington Steel Segment Relies on Automotive Sector
Steel is Worthington Industries’ biggest segment, accounting for more than half of the company’s operating profits.
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.
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.
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.