Worthington
Latest News
Worthington Sells Share of Aegis Metal Framing Joint Venture
22 December 2008 - ABSTRACT: Worthington Industries subsidiary Dietrich Metal Framing signs agreement to sell its share of Aegis Metal Framing to its partner, MiTek Industries, for approximately $25 million.
Worthington Reports 2nd Quarter Results
19 December 2008 - ABSTRACT: Worthington Industries reports a net loss of $159.5 million on net sales of $745.4 million for the second quarter, and a net loss of $90.8 million on net sales of $1658.6 million for the six-month period ended November 30, 2008.
Worthington Announces Additional Workforce Reductions, Closings
08 December 2008 - Worthington Industries announces additional workforce reductions of approximately 300 employees in its steel processing and metal framing business segments, which equates to approximately 4% of the company’s total workforce.
Worthington Industries Names New CFO
02 December 2008 - Worthington Industries announces the appointment of B. Andrew “Andy” Rose as Chief Financial Officer and the appointment of Robert McMaster as Senior Financial Adviser to the Chairman.
Worthington to Sell Interest in European Steel Processing Venture
03 November 2008 - Worthington Steel agrees to sell its 49% equity interest in Canessa Worthington Slovakia to its joint venture partner, The CLN Group.
Worthington Industries Announces Layoffs, Facility Closings
24 October 2008 - Worthington Industries will reduce its workforce by nearly 300 through a combination of layoffs and closure of the company’s Louisville steel processing facility and its Renton, Wash., metal framing facility.
Worthington Industries Announces New President
14 October 2008 - Worthington Industries appoints George P. Stoe as President, in addition to his current duties as Chief Operating Officer.
U. S. Steel, Worthington Complete Deal to Expand Joint Venture
02 October 2008 - United States Steel and Worthington Industries complete their plan to expand and modify their Worthington Specialty Processing joint venture.
Worthington Reports Record 1st Quarter Results
24 September 2008 - Worthington Industries reports net earnings of $68.6 million on net sales of $913.2 million for the three months ended August 31, 2008, the highest quarterly net sales and net earnings in company history.
U. S. Steel, Worthington to Expand Specialty Processing Joint Venture
24 September 2008 - United States Steel and Worthington Industries announce plans to expand and modify their current Worthington Specialty Processing joint venture with the addition of U.S. Steel’s ProCoil steel processing subsidiary and Worthington’s Worthington Steel Taylor subsidiary.
Worthington Reports Fiscal Year Results
27 June 2008 - Worthington Industries reports net earnings of $53.9 million on record net sales of $868.9 million for the fourth quarter, and net earnings of $107.1 million on net sales of $3,067.2 million for the twelve-month period ended May 31, 2008.
Worthington Industries President and CFO to Retire
05 May 2008 - Worthington Industries President and CFO John Christie requests early retirement, but will stay with the company through the end of July to permit an orderly close of the company’s yearly financial statements and a smooth transition to a new CFO.
Worthington Remembers Founder, John H. McConnell
28 April 2008 - Worthington Industries founder John H. McConnell passed away on April 25, 2008.
John Deere Honors Worthington Steel as a Partner-Level Supplier
25 March 2008 - Deere recognizes Worthington Steel as a Partner-level supplier for 2007, the company’s highest supplier rating.
Worthington Reports Third Quarter Results
24 March 2008 - Worthington Industries reports net earnings of $18.3 million on net sales of $725.7 million for the third quarter, and net earnings of $53.2 million on net sales of $2,198.3 million for the nine months ended February 29, 2008.
Worthington Expands Presence In Mexico
06 March 2008 - Worthington Industries joint venture, TWB, will now include ThyssenKrupp Tailored Blanks SA de CV, ThyssenKrupp Steel’s Mexican subsidiary.
Worthington Steelpac to Produce Lightweight Steel Distribution Pallet
18 February 2008 - Worthington Industries subsidiary Worthington Steelpac announces plans to begin mass-producing its Steelpac Distribution Pallet in March.
Worthington Reports Second Quarter Results
24 December 2007 - Worthington Industries reports net earnings were $14.7 million on net sales of $713.7 million for the second quarter of fiscal 2008, and net income of $34.9 million on net sales of $1,472.6 million for the six-months ended November 30, 2007.
Worthington Forms Joint Venture with LEFCO
14 November 2007 - Worthington Steelpac Systems acquires a 49% interest in crate and pallet manufacturer Lefco Industries.
Worthington Subsidiary Supports Housing Donation for Injured Veteran
02 October 2007 - Worthington Integrated Building Systems is partnering with the METALCON International trade show and Homes for Our Troops to build a home for injured U.S. Marine Corps veteran Cpl. Evan Morgan and his family.
