CST: 10/12/2016 16:18:22   

Worthington Reports Third Quarter Fiscal 2016 Results

263 Days ago

COLUMBUS, OH--(Marketwired - Mar 22, 2016) - Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $647.1 million and net earnings of $29.6 million, or $0.46 per diluted share, for its fiscal 2016 third quarter ended February 29, 2016. In the third quarter of fiscal 2015, the Company reported net sales of $804.8 million and a net loss of $25.7 million, or a loss of $0.39 per diluted share. Net earnings in the third quarter of fiscal 2015 included pre-tax impairment and restructuring charges totaling $83.8 million, which reduced earnings per diluted share by $0.78.

Financial highlights for the current and comparative periods are as follows:

(U.S. dollars in millions, except per share data)

                       
                       
    3Q 2016   2Q 2016   3Q 2015     9M2016   9M2015
                                 
Net sales   $ 647.1   $ 699.8   $ 804.8     $ 2,105.0   $ 2,538.2
Operating income (loss)     25.1     12.0     (52.1 )     68.0     33.3
Equity income     25.0     29.2     18.8       80.8     69.0
Net earnings (loss)     29.6     23.2     (25.7 )     84.2     47.9
Earnings (loss) per share   $ 0.46   $ 0.36   $ (0.39 )   $ 1.30   $ 0.69
   
   
   
WORTHINGTON INDUSTRIES, INC.  
CONSOLIDATED STATEMENTS OF EARNINGS  
(In thousands, except per share amounts)  
                         
    Three Months Ended     Nine Months Ended  
    February 29,     February 28,     February 29,     February 28,  
    2016     2015     2016     2015  
Net sales   $ 647,080     $ 804,785     $ 2,105,043     $ 2,538,211  
Cost of goods sold     551,157       706,294       1,786,925       2,184,990  
  Gross margin     95,923       98,491       318,118       353,221  
Selling, general and administrative expense     70,149       66,764       218,822       219,327  
Impairment of goodwill and long-lived assets     -       81,600       25,962       97,785  
Restructuring and other expense     702       2,177       5,294       2,765  
  Operating income (loss)     25,072       (52,050 )     68,040       33,344  
Other income (expense):                                
  Miscellaneous income, net     3,305       213       3,723       1,756  
  Interest expense     (7,886 )     (8,381 )     (23,539 )     (27,573 )
  Equity in net income of unconsolidated affiliates     24,994       18,800       80,822       69,043  
  Earnings (loss) before income taxes     45,485       (41,418 )     129,046       76,570  
Income tax expense (benefit)     11,613       (18,173 )     35,121       19,540  
Net earnings (loss)     33,872       (23,245 )     93,925       57,030  
Net earnings attributable to noncontrolling interests     4,296       2,465       9,698       9,110  
Net earnings (loss) attributable to controlling interest   $ 29,576     $ (25,710 )   $ 84,227     $ 47,920  
                                 
Basic                                
Average common shares outstanding     61,747       66,359       62,810       67,013  
Earnings (loss) per share attributable to controlling interest   $ 0.48     $ (0.39 )   $ 1.34     $ 0.73  
                                 
Diluted                                
Average common shares outstanding     63,727       66,359       64,583       69,301  
Earnings (loss) per share attributable to controlling interest   $ 0.46     $ (0.39 )   $ 1.30     $ 0.69  
                                 
                                 
Common shares outstanding at end of period     61,285       65,078       61,285       65,078  
                                 
Cash dividends declared per share   $ 0.19     $ 0.18     $ 0.57     $ 0.54  
                                 
                                 

"Third quarter results were good in the face of market headwinds in oil and gas markets and declining prices in Steel Processing," said John McConnell, Chairman and CEO. "Our joint ventures performed well, with WAVE leading the way."

Consolidated Quarterly Results

Net sales for the third quarter of fiscal 2016 were $647.1 million, down 19.6% from the comparable quarter in the prior year, when net sales were $804.8 million. The decrease was the result of lower volume in Pressure Cylinders and Engineered Cabs, combined with lower average selling prices in Steel Processing due to a decline in the market price of steel.

Gross margin declined $2.6 million from the prior year quarter to $95.9 million due to lower volume, partially offset by a favorable pricing spread.

Operating income for the current quarter was $25.1 million, an increase of $77.1 million from the operating loss in the prior year quarter. The increase was due to significantly lower impairment and restructuring charges, offset by higher SG&A expenses and a decrease in gross margin, as explained above.

Interest expense was $7.9 million for the current quarter, compared to $8.4 million in the prior year. The decline resulted from lower average debt levels, primarily due to the lower market price of steel, which favorably impacts working capital.

The Company's portion of equity income from unconsolidated joint ventures increased $6.2 million from the prior year quarter to $25.0 million. Joint venture sales totaled $376.4 million for the current quarter. Higher contributions from WAVE, Serviacero and ClarkDietrich accounted for the majority of the increase in equity income. The Company received cash distributions of $25.4 million from unconsolidated joint ventures during the quarter.

Income tax expense was $11.6 million in the current quarter compared to a benefit of $18.2 million in the prior year quarter. The increase was primarily due to higher net earnings. The current quarter tax expense reflects an estimated annual effective rate of 30.1% compared to 30.9% for the prior year third quarter.

Balance Sheet

At quarter-end, total debt was $611.1 million, down $18.3 million from November 30, 2015, due to lower short-term borrowings. As of February 29, 2016, $22.7 million was drawn on the Company's $500 million revolving credit facility and $5.0 million was outstanding under the Company's trade accounts receivable securitization facility. The Company had $25.4 million of cash at quarter-end.

Quarterly Segment Results

Steel Processing's net sales of $419.0 million were down 16%, or $81.7 million, from the comparable prior year quarter driven primarily by lower average selling prices. Operating income of $21.3 million was $4.9 million higher than the prior year quarter due to a higher spread between average selling prices and material cost and contributions from the January 2015 acquisition of Rome Strip Steel. Inventory holding losses, comparable to the prior year quarter, also impacted margins. The mix of direct versus toll tons processed was 60% to 40% in the current quarter, compared to 57% to 43% in the prior year quarter.

Pressure Cylinders' net sales of $200.7 million were down 19%, or $47.4 million, from the comparable prior year quarter. The decline was driven primarily by a 75% volume decrease in the Oil & Gas Equipment business. Operating income of $9.0 million was $9.6 million lower than the prior year operating income of $18.6 million. The decline in the Oil & Gas Equipment business was partially offset by improvements in Industrial Products, which like many of the businesses is benefiting from lower raw material input costs. Operating income also included $3.9 million of one-time expenses for indemnification, purchase accounting and transition service fees for recent acquisitions in the Cryogenics and Alt Fuels businesses.

Engineered Cabs' net sales of $25.6 million were $19.8 million, or 44%, below the prior year quarter due to declines in market demand and the September 2015 closure of the Florence, S.C. facility. Adjusting for impairment and restructuring charges, the operating loss improved $0.9 million from the prior year quarter.

The "Other" category includes the Energy Innovations businesses, as well as non-allocated corporate expenses. Net sales in the "Other" category were $1.8 million, a decrease of $8.8 million from the prior year quarter as the Construction Services business has essentially ceased operations. The Construction Services business reported a $0.9 million loss for the quarter as operations wind down.

Recent Business Developments

  • On December 7, 2015, the Company completed the acquisition of the global CryoScience business of Taylor Wharton, including a manufacturing facility in Theodore, Ala., for $31.4 million. The asset purchase was made pursuant to the Chapter 11 bankruptcy proceedings of Taylor Wharton.
  • During the quarter, the Company repurchased a total of 1,000,000 common shares for $28.4 million at an average price of $28.35.
  • On March 1, 2016, Worthington obtained operating control of the WSP joint venture with United States Steel Corporation. Worthington's ownership will remain at 51% and U.S. Steel at 49%. WSP earnings will be consolidated within the Steel Processing segment beginning March 1, 2016.

Outlook

"Steel pricing appears to be stabilizing, automotive markets remain strong and construction markets are strengthening," McConnell said. "As we kick off our Transformation 2.0 efforts, we are encouraged by the initial results of our lean activities in our Pressure Cylinders and Steel Processing operations. Transformation 2.0 enhances our efforts that were so successful in Steel Processing, by accelerating this work through kaizen activities using the same fundamental principles we have used in improving operations, sales and purchasing. While it will take some time to reach all locations, we are focusing on the facilities where we think we can have the highest potential outcomes."

Conference Call

Worthington will review fiscal 2016 third quarter results during its quarterly conference call on March 23, 2016, at 3:00 p.m., Eastern Daylight Time. Details regarding the conference call can be found on the Company web site at www.WorthingtonIndustries.com.

About Worthington Industries

Worthington Industries is a leading global diversified metals manufacturing company with 2015 fiscal year sales of $3.4 billion. Headquartered in Columbus, Ohio, Worthington is North America's premier value-added steel processor providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture; a global leader in manufacturing pressure cylinders for industrial gas and cryogenic applications, CNG and LNG storage, transportation and alternative fuel tanks, oil and gas equipment, and brand consumer products for camping, grilling, hand torch solutions and helium balloon kits; and a manufacturer of operator cabs for heavy mobile industrial equipment; laser welded blanks for light weighting applications; automotive racking solutions; and through joint ventures, complete ceiling grid solutions; automotive tooling and stampings; and steel framing for commercial construction. Worthington employs approximately 10,000 people and operates 83 facilities in 11 countries.

Founded in 1955, the Company operates under a long-standing corporate philosophy rooted in the golden rule. Earning money for its shareholders is the first corporate goal. This philosophy serves as the basis for an unwavering commitment to the customer, supplier, and shareholder, and as the Company's foundation for one of the strongest employee-employer partnerships in American industry.

Safe Harbor Statement

The Company wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the "Act"). Statements by the Company relating to outlook, strategy or business plans; the ability to correct performance issues at operations; future or expected growth, forward momentum, performance, sales, volumes, cash flows, earnings, balance sheet strengths, debt, financial condition or other financial measures; pricing trends for raw materials and finished goods and the impact of pricing changes; demand trends for the Company or its markets; additions to product lines and opportunities to participate in new markets; expected benefits for Transformation efforts; anticipated capital expenditures and asset sales; anticipated improvements and efficiencies in costs, operations, sales, inventory management, sourcing and the supply chain and the results thereof; projected profitability potential, capacity, and working capital needs; the ability to make acquisitions and the projected timing, results, benefits, costs, charges and expenditures related to acquisitions, newly-created joint ventures, headcount reductions and facility dispositions, shutdowns and consolidations; the alignment of operations with demand; the ability to operate profitably and generate cash in down markets; the ability to maintain margins and capture and maintain market share and to develop or take advantage of future opportunities, customer initiatives, new businesses, new products and new markets; expectations for Company and customer inventories, jobs and orders; expectations for the economy and markets or improvements therein; expectations for increasing volatility or improving and sustainable earnings, earnings potential, margins or shareholder value; effects of judicial rulings and other non-historical matters constitute "forward-looking statements" within the meaning of the Act. Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, the effect of national, regional and worldwide economic conditions generally and within major product markets, including a recurrent slowing economy; the effect of conditions in national and worldwide financial markets; lower oil prices as a factor in demand for products; product demand and pricing; changes in product mix, product substitution and market acceptance of the Company's products; fluctuations in the pricing, quality or availability of raw materials (particularly steel), supplies, transportation, utilities and other items required by operations; effects of facility closures and the consolidation of operations; the effect of financial difficulties, consolidation and other changes within the steel, automotive, construction, oil and gas, and other industries in which the Company participates; failure to maintain appropriate levels of inventories; financial difficulties (including bankruptcy filings) of original equipment manufacturers, end-users and customers, suppliers, joint venture partners and others with whom the Company does business; the ability to realize targeted expense reductions from headcount reductions, facility closures and other cost reduction efforts; the ability to realize other cost savings and operational, sales and sourcing improvements and efficiencies, and other expected benefits from transformation initiatives, on a timely basis; the overall success of, and the ability to integrate newly-acquired businesses and joint ventures, maintain and develop their customers, and achieve synergies and other expected benefits and cost savings therefrom; capacity levels and efficiencies, within facilities, within major product markets and within the industry as a whole; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, acts of war or terrorist activities or other causes; changes in customer demand, inventories, spending patterns, product choices, and supplier choices; risks associated with doing business internationally, including economic, political and social instability, foreign currency exposure and the acceptance of our products in these markets; the ability to improve and maintain processes and business practices to keep pace with the economic, competitive and technological environment; the outcome of adverse claims experience with respect to workers' compensation, product recalls or product liability, casualty events or other matters; deviation of actual results from estimates and/or assumptions used by the Company in the application of its significant accounting policies; level of imports and import prices in the Company's markets; the impact of judicial rulings and governmental regulations, both in the United States and abroad, including those adopted by the United States Securities and Exchange Commission and other governmental agencies as contemplated by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of changes to healthcare laws in the United States which may increase our healthcare and other costs and negatively impact our operations and financial results; and other risks described from time to time in the Company's filings with the United States Securities and Exchange Commission, including those described in "Part I - Item 1A. - Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended May 31, 2015.

                                 
WORTHINGTON INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
         
    February 29,   May 31,
    2016   2015
Assets            
Current assets:            
  Cash and cash equivalents   $ 25,432   $ 31,067
  Receivables, less allowances of $3,313 and $3,085 at February 29, 2016 and May 31, 2015, respectively     399,138     474,292
  Inventories:            
    Raw materials     159,183     181,975
    Work in process     82,334     107,069
    Finished products     79,710     85,931
      Total inventories     321,227     374,975
  Income taxes receivable     11,934     12,119
  Assets held for sale     11,441     23,412
  Deferred income taxes     22,709     22,034
  Prepaid expenses and other current assets     55,777     54,294
    Total current assets     847,658     992,193
Investments in unconsolidated affiliates     208,898     196,776
Goodwill     244,144     238,999
Other intangible assets, net of accumulated amortization of $46,219 and $47,547 at February 29, 2016 and May 31, 2015, respectively     94,605     119,117
Other assets     25,603     24,867
Property, plant & equipment:            
  Land     16,067     16,017
  Buildings and improvements     239,342     218,182
  Machinery and equipment     928,648     872,986
  Construction in progress     35,235     40,753
    Total property, plant & equipment     1,219,292     1,147,938
    Less: accumulated depreciation     680,272     634,748
Property, plant and equipment, net     539,020     513,190
Total assets   $ 1,959,928   $ 2,085,142
             
Liabilities and equity            
Current liabilities:            
  Accounts payable   $ 262,405   $ 294,129
  Short-term borrowings     30,766     90,550
  Accrued compensation, contributions to employee benefit plans            
  and related taxes     65,475     66,252
  Dividends payable     13,243     12,862
  Other accrued items     52,985     56,913
  Income taxes payable     1,917     2,845
  Current maturities of long-term debt     857     841
    Total current liabilities     427,648     524,392
Other liabilities     62,006     58,269
Distributions in excess of investment in unconsolidated affiliate     58,430     61,585
Long-term debt     579,515     579,352
Deferred income taxes     18,515     21,495
    Total liabilities     1,146,114     1,245,093
Shareholders' equity - controlling interest     719,776     749,112
Noncontrolling interests     94,038     90,937
    Total equity     813,814     840,049
Total liabilities and equity   $ 1,959,928   $ 2,085,142
             
             
             
WORTHINGTON INDUSTRIES, INC.  
CONSOLIDATED STATEMENTS OF CASH FLOWS  
(In thousands)  
                         
    Three Months Ended     Nine Months Ended  
    February 29,     February 28,     February 29,     February 28,  
    2016     2015     2016     2015  
Operating activities                                
Net earnings (loss)   $ 33,872     $ (23,245 )   $ 93,925     $ 57,030  
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:                                
  Depreciation and amortization     20,761       21,762       62,748       63,329  
  Impairment of goodwill and long-lived assets     -       81,600       25,962       97,785  
  Provision for deferred income taxes     9,322       (35,334 )     (6,069 )     (41,361 )
  Bad debt expense (income)     187       (46 )     195       (106 )
  Equity in net income of unconsolidated affiliates, net of distributions     (622 )     (571 )     (16,524 )     (8,374 )
  Net loss (gain) on sale of assets     (3,385 )     3,047       (7,633 )     3,481  
  Stock-based compensation     3,627       4,058       11,284       12,911  
  Excess tax benefits - stock-based compensation     (431 )     (663 )     (1,689 )     (6,416 )
Changes in assets and liabilities, net of impact of acquisitions:                                
  Receivables     10,688       5,078       76,791       10,914  
  Inventories     37,211       (8,795 )     61,032       (43,925 )
  Prepaid expenses and other current assets     (19,309 )     (3,078 )     9,324       (11,182 )
  Other assets     (1,216 )     2,415       (4,019 )     5,631  
  Accounts payable and accrued expenses     14,027       40,260       (16,500 )     10,055  
  Other liabilities     1,052       (3,612 )     5,352       (10,108 )
Net cash provided by operating activities     105,784       82,876       294,179       139,664  
                                 
Investing activities                                
  Investment in property, plant and equipment     (14,973 )     (26,119 )     (75,465 )     (73,265 )
  Investment in notes receivable     -       -       -       (7,300 )
  Acquisitions, net of cash acquired     (31,256 )     (54,389 )     (34,206 )     (105,482 )
  Investments in unconsolidated affiliates, net of distributions     (3,683 )     (4,559 )     (5,596 )     (8,230 )
  Proceeds from sale of assets and insurance     431       3,521       9,887       3,813  
Net cash used by investing activities     (49,481 )     (81,546 )     (105,380 )     (190,464 )
                                 
Financing activities                                
  Net proceeds from (repayments of) short-term borrowings     (16,716 )     112,285       (57,728 )     112,644  
  Proceeds from long-term debt     -       5,916       921       26,396  
  Principal payments on long-term debt     (216 )     (101,832 )     (644 )     (102,645 )
  Payments for issuance of common shares     2,747       2,081       5,811       1,627  
  Excess tax benefits - stock-based compensation     431       663       1,689       6,416  
  Payments to noncontrolling interests     (4,206 )     (9,200 )     (9,106 )     (12,067 )
  Repurchase of common shares     (28,352 )     (52,795 )     (99,848 )     (94,415 )
  Dividends paid     (11,913 )     (12,517 )     (35,529 )     (34,767 )
Net cash used by financing activities     (58,225 )     (55,399 )     (194,434 )     (96,811 )
                                 
Increase (decrease) in cash and cash equivalents     (1,922 )     (54,069 )     (5,635 )     (147,611 )
Cash and cash equivalents at beginning of period     27,354       96,537       31,067       190,079  
Cash and cash equivalents at end of period   $ 25,432     $ 42,468     $ 25,432     $ 42,468  
                                 
                                 
                                 
WORTHINGTON INDUSTRIES, INC.  
SUPPLEMENTAL DATA  
(In thousands, except volume)  
                       
This supplemental information is provided to assist in the analysis of the results of operations.  
                       
  Three Months Ended     Nine Months Ended  
  February 29,     February 28,     February 29,     February 28,  
  2016     2015     2016     2015  
Volume:                              
  Steel Processing (tons)   800,567       830,616       2,495,151       2,634,581  
  Pressure Cylinders (units)   16,993,023       19,569,585       52,771,256       59,029,996  
                               
Net sales:                              
  Steel Processing $ 419,026     $ 500,703     $ 1,377,638     $ 1,605,790  
  Pressure Cylinders   200,721       248,086       626,288       749,789  
  Engineered Cabs   25,553       45,390       92,869       146,484  
  Other   1,780       10,606       8,248       36,148  
    Total net sales $ 647,080     $ 804,785     $ 2,105,043     $ 2,538,211  
                               
Material cost:                              
  Steel Processing $ 284,402     $ 375,614     $ 955,154     $ 1,171,183  
  Pressure Cylinders   84,868       117,218       269,430       351,487  
  Engineered Cabs   12,329       20,839       43,747       66,535  
                               
Selling, general and administrative expense:                              
  Steel Processing $ 30,018     $ 27,347     $ 95,858     $ 89,500  
  Pressure Cylinders   35,389       33,112       106,178       104,066  
  Engineered Cabs   4,049       6,315       14,257       20,225  
  Other   693       (10 )     2,529       5,536  
    Total selling, general and administrative expense $ 70,149     $ 66,764     $ 218,822     $ 219,327  
                               
Operating income (loss):                              
  Steel Processing $ 21,294     $ 16,406     $ 71,574     $ 86,152  
  Pressure Cylinders   8,969       18,611       15,479       47,797  
  Engineered Cabs   (4,053 )     (85,780 )     (17,634 )     (93,534 )
  Other   (1,138 )     (1,287 )     (1,379 )     (7,071 )
    Total operating income (loss) $ 25,072     $ (52,050 )   $ 68,040     $ 33,344  
                               
Equity income by unconsolidated affiliate:                              
  WAVE $ 18,678     $ 15,614     $ 59,838     $ 54,342  
  ClarkDietrich   1,265       162       10,289       2,408  
  Serviacero   1,673       (274 )     2,854       3,297  
  ArtiFlex   2,995       2,807       7,153       6,041  
  WSP   191       380       1,665       2,489  
  Other   192       111       (977 )     466  
    Total equity income by unconsolidated affiliate $ 24,994     $ 18,800     $ 80,822     $ 69,043  
                                   
                                   
                                   
WORTHINGTON INDUSTRIES, INC.
SUPPLEMENTAL DATA
(In thousands)
               
The following provides detail of Pressure Cylinders volume and net sales by principal class of products.
               
  Three Months Ended   Nine Months Ended
  February 29,   February 28,   February 29,   February 28,
  2016   2015   2016   2015
Volume (units):                      
  Consumer Products   10,478,006     11,826,910     32,979,643     35,413,635
  Industrial Products*   6,414,484     6,236,914     19,489,175     18,905,475
  Mississippi*   -     1,397,658     -     4,385,065
  Alternative Fuels   96,123     105,460     295,200     316,849
  Oil and Gas Equipment   640     2,548     3,004     8,529
  Cryogenics   3,770     95     4,234     443
    Total Pressure Cylinders   16,993,023     19,569,585     52,771,256     59,029,996
                       
Net sales:                      
  Consumer Products $ 51,103   $ 53,875   $ 155,545   $ 160,789
  Industrial Products*   100,415     98,423     303,122     299,787
  Mississippi*   -     8,468     -     21,673
  Alternative Fuels   22,298     23,661     71,070     68,263
  Oil and Gas Equipment   17,176     60,229     75,101     184,451
  Cryogenics   9,729     3,430     21,450     14,826
    Total Pressure Cylinders $ 200,721   $ 248,086   $ 626,288   $ 749,789
                       
* Mississippi, an industrial gas facility, was sold in May 2015. It has been broken out so as not to distort the Industrial Products comparisons as the products previously produced at the Mississippi facility have been discontinued.
 
The following provides detail of impairment of goodwill and long-lived assets and restructuring and other expense included in operating income (loss) by segment.  
                       
  Three Months Ended     Nine Months Ended  
  February 29,     February 28,     February 29,     February 28,  
  2016     2015     2016     2015  
Impairment of goodwill and long-lived assets:                              
  Steel Processing $ -     $ -     $ -     $ 3,050  
  Pressure Cylinders   -       -       22,962       9,567  
  Engineered Cabs   -       81,600       3,000       83,989  
  Other   -       -       -       1,179  
    Total impairment of goodwill and long-lived assets $ -     $ 81,600     $ 25,962     $ 97,785  
                               
Restructuring and other (income) expense:                              
  Steel Processing $ 1,068     $ (28 )   $ 3,788     $ (58 )
  Pressure Cylinders   (1,031 )     2,498       (316 )     2,926  
  Engineered Cabs   416       (313 )     3,059       (313 )
  Other   249       20       (1,237 )     210  
    Total restructuring and other expense $ 702     $ 2,177     $ 5,294     $ 2,765  
                                   

CONTACTS:
Cathy M. Lyttle
VP, Corporate Communications and Investor Relations
Phone: (614) 438-3077
E-mail: Email Contact

Sonya L. Higginbotham
Director, Corporate Communications
Phone: (614) 438-7391
E-mail: Email Contact

200 Old Wilson Bridge Rd.
Columbus, Ohio 43085
WorthingtonIndustries.com