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worthington industries (WOR) Details

Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. The Steel Processing segment processes flat-rolled steel for customers primarily in the automotive, aerospace, agricultural, appliance, construction, container, hardware, HVAC, lawn and garden, leisure and recreation, and office furniture and equipment markets. It also toll processes steel for steel mills, large end-users, service centers, and other processors; and designs and manufactures reusable custom steel platforms, racks, and pallets for supporting, protecting, and handling products in the shipping process. The Pressure Cylinders segment manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, oil and gas equipment, and various accessories and related products for a range of end-use market applications, including industrial products, consumer products, alternative fuels, oil and gas equipment, and cryogenics. The Engineered Cabs segment designs and manufactures custom-engineered open and enclosed cabs, as well as operator stations and custom fabrications for heavy mobile equipment used in agricultural, construction, forestry, military, and mining industries; and machined structural components, complex and painted weldments, and engine doors. Worthington Industries, Inc. was founded in 1955 and is headquartered in Columbus, Ohio.

12,000 Employees
Last Reported Date: 07/30/18
Founded in 1955

worthington industries (WOR) Top Compensated Officers

Chairman of the Board & CEO
Total Annual Compensation: $2.6M
Total Annual Compensation: $1.8M
Executive VP, COO & President of Pressure Cyl...
Total Annual Compensation: $1.2M
Senior Vice President of Manufacturing
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2018.
worthington industries
Worthington Industries, Inc. Announces Appointment of Jeff Klingler as President of Steel Processing and Eric Smolenski as President of Pressure Cylinders

Worthington Industries, Inc. announced that Jeff Klingler has been named president of Steel Processing and Eric Smolenski has been named president of Pressure Cylinders. Klingler, 47, joined Worthington in 1992 at the Company’s Porter, Indiana facility working on the production floor. After two years, he transitioned to inside sales and later became a sales territory manager for eight years and two years as inside sales manager. In 2008, he left Worthington to become vice president of sales, marketing and procurement for Banner Services Corporation. In 2014, he returned to Worthington leading the creation of Steel’s supply chain solutions SBU. In 2016, he was named general manager of Steel’s hot rolled value-add SBU and in 2018 added cold rolled strip to his responsibilities. Smolenski, 49, was named general manager of the industrial products SBU in Pressure Cylinders in February 2017 and led the oil & gas equipment business for the two years prior. He joined Worthington in 1994 working in numerous capacities including accounting, finance, human resources and information technology. Smolenski served as vice president of human resources from 2006 to 2012 and chief information officer from 2012 to 2014.

Worthington Industries Intends To Seek Acquisitions

Worthington Industries, Inc. (NYSE:WOR) will look for acquisitions. B. Andrew Rose, President said, "The M&A market is expensive right now, but our team continues to search for value-creating investments in and around our core, where we have strengths that give us an advantage."

Worthington Industries, Inc. Declares Quarterly Dividend, Payable on June 28, 2019

The board of directors of Worthington Industries, Inc. has declared a quarterly dividend of $0.23 per share. The dividend is payable on June 28, 2019, to shareholders of record June 14, 2019.


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