Industrial manufacturing company Worthington Industries (WOR) provides value-added steel processing and laser-welded products. It caters to customers across transportation, construction, industrial, agriculture, retail, and energy industries through brands like Coleman, Bernzomatic, Balloon Time, Mag Torch, Garden-Weasel, and Hawkeye. Let’s take a look at the company's financial performance and what’s changed in its key risk factors that investors should know. Driven by higher volume in Steel Processing and Pressure Cylinders, along with higher selling prices in Steel Processing, Worthington’s revenue increased 60% year-over-year to $978.3 million in Q4 2021. Improved direct spreads in Steel Processing and increased volumes helped the company increase gross margin by $136.3 million year-over-year to $226.
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Worthington Industries (NYSE:WOR)
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Worthington Industries (NYSE:WOR)
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From Jan 2021 to Jan 2022 Click Here for more Worthington Industries Charts.