A Director at Worthington Industries is Exercising Options


Today, a Director at Worthington Industries, Sidney Ribeau, exercised options of Worthington Industries (NYSE: WOR) for $347.8K.

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Based on Worthington Industries’ latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $1.02 billion and quarterly net profit of $30.77 million. In comparison, last year the company earned revenue of $845 million and had a net profit of $56.49 million. WOR’s market cap is $2.47B and the company has a P/E ratio of 13.58. Currently, Worthington Industries has an average volume of 748.4K.

The insider sentiment on Worthington Industries has been neutral according to 66 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Worthington Industries, Inc. engages in metals processing, which focuses on value-added steel processing and manufactured metal products. It offers pressure cylinder products such as propane, oxygen and helium tanks, hand torches, refrigerant and industrial cylinders, camping cylinders, scuba tanks, compressed natural gas cylinders and helium balloon kits; engineered cabs and operator stations and cab components; framing systems for mid-rise buildings; steel pallets and racks; and, through joint ventures, suspension grid systems for concealed and lay-in panel ceilings; laser welded blanks; light gauge steel framing for commercial and residential construction; and current and past model automotive service stampings. The company operates through the following business segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. The Steel Processing segment designs and manufactures recyclable steel packaging solutions for the movement of products. The Pressure Cylinders segment refers to Worthington Cylinders business unit which operates manufacturing facilities, and two consolidated joint ventures: Turkey-based Worthington Aritas Basincli Kaplar Sanayi, a manufacturer of cryogenic pressure vessels for LNG and other gas storage applications; and Utah-based dHybrid Systems, LLC, a manufacturer of CNG fuel systems for large trucks. The Engineered Cabs segment consists of the Worthington Industries Engineered Cabs business unit, which operates two main facilities. The Other segment includes construction services and Worthington Energy Innovations. Worthington Industries was founded by John H. McConnell in 1955 and is headquartered in Columbus, OH.

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