Technical Analysis for WOR - Worthington Industries, Inc.

Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Canada, Europe, and internationally. It operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. The Steel Processing segment provides flat-rolled and stainless steel processing services to customers in the automotive, construction, lawn and garden, hardware, furniture, office equipment, leisure and recreation, appliance, agricultural, HVAC, container, and aerospace markets. It also toll processes steel for steel mills, large end-users, service centers, and other processors. The Pressure Cylinders segment manufactures and sells high-pressure steel cylinders for compressed natural gas storage in motor vehicles, cylinders for compressed industrial gases, filled and unfilled pressure cylinders, tanks, and various accessories and related products for various end-use market applications, which include retail, alternative fuels, energy, industrial, and other. The Engineered Cabs segment designs and manufactures custom-engineered open and closed cabs and operator stations for heavy mobile equipment in a range of industries; and other specialty weldments, kits, accessories, and cab components principally to original equipment manufacturers. The company also designs and manufactures steel reusable custom platforms, racks, and pallets for supporting, protecting, and handling products in the shipping process for customers in industries, such as automotive, lawn and garden, and recreational vehicles; and engages in the design, supply, and building/construction of mid-rise light gauge steel framed commercial structures, and single family and multi-family housing units. In addition, it develops energy solutions to minimize energy consumption, manages energy solution installation, and monitors and verifies energy usage. The company was founded in 1955 and is headquartered in Columbus, Ohio.