Key Developments: Worthington Industries Inc (WOR.N)
34.33USD
17 May 2013
$0.35 (+1.03%)
$33.98
$34.26
$34.39
$34.00
139,081
162,711
$34.72
$15.57
Latest Key Developments (Source: Significant Developments)
Worthington Industries Inc's Pressure Cylinders segment Acquires Palmer Mfg. & Tank Business
Worthington Industries Inc announced that its Pressure Cylinders segment has acquired Palmer Mfg. & Tank, Inc. business, a manufacturer of steel and fiberglass tanks and processing equipment for the oil and gas industry, and custom manufactured fiberglass tanks for agricultural, chemical and general industrial applications. Palmer is located in Garden City, Kan., and employs approximately 200 people. Palmer manufactures both steel and fiberglass tanks in a comprehensive range of sizes and is strategically located to serve the Bakken formation in North Dakota, the Uinta and Denver-Julesburg basins, along with several of the shale formations in northern Texas. Full Article
Worthington Industries Inc Accelerates Payment Of Two Quarterly Dividends
Worthington Industries Inc announced that it has declared an accelerated third and fourth quarter cash dividend totaling $0.26 per share of outstanding common stock. The dividend is payable on December 28, 2012, to shareholders of record December 21, 2012. This dividend represents an acceleration of the dividend payments for the third and fourth quarters of fiscal 2013 of $0.13 per share for each quarter, and is in addition to the dividend to be paid on December 28, which had been declared on September 26, 2012. The next opportunity for the board to consider and approve a dividend will be at the June board meeting. Full Article
Worthington Industries Inc's Pressure Cylinders segment Divests Air Brake Tank Business in Czech Republic
Worthington Industries Inc announced that its Pressure Cylinders segment has completed the sale of its European air brake tank business to Frauenthal Automotive. Based in Hustopece, Czech Republic, Worthington Cylinders a.s. manufactures air brake tank cylinders for the European commercial vehicle market. A subsidiary of Frauenthal Holding AG, Frauenthal Automotive manufactures a variety of truck components, including steel springs and air brake tanks for the European commercial vehicle market. The facility employs approximately 200 people. Full Article
Worthington Industries Inc Declares Quarterly Dividend
Worthington Industries Inc announced that it has declared a quarterly dividend of $0.13 per share. The dividend is payable on December 28, 2012, to shareholders of record December 14, 2012. Full Article
Worthington Industries Inc Acquires Westerman Companies
Worthington Industries Inc Companies, a manufacturer of tanks and pressure vessels for the oil and gas, nuclear and marine markets. The purchase price was $70 million, of which approximately $6 million went to pay down Westerman debt. Westerman is a leading manufacturer of highly technical products for global energy markets, including oil and gas and nuclear, where its energy products are used for a broad variety of exploration, recovery and production purposes. Westerman's marine products are used in shipyard lift systems for large, sea-going vessels. Westerman also leverages its energy and marine segment competencies to manufacture pressure vessels, atmospheric tanks, controls and various custom machined components for other industrial end markets. Full Article
Worthington Industries Inc Announces $150 Million Private Placement Note Financing
Worthington Industries Inc announced that it has issued $150 million of 12-year unsecured Senior Notes due 2024 through a private placement with Prudential Capital Group. The notes will bear interest at a fixed rate of 4.60%. The Company intends to use the net proceeds from the notes to repay a portion of the outstanding borrowings under its revolving credit facility and amounts outstanding under its revolving trade accounts receivable securitization facility. Full Article
Worthington Industries, Inc. Declares Quarterly Dividend
Worthington Industries, Inc. announced that it has declared a quarterly dividend of $0.13 per share, an increase of $0.01 per share from the prior quarter. The dividend is payable on September 28, 2012, to shareholders of record September 14, 2012. Full Article
Reliance Steel & Aluminum Co. Completes Acquisition Of Assets Of Worthington Industries, Inc.'s Worthington Steel Vonore Plant
Reliance Steel & Aluminum Co. announced that, through its wholly-owned subsidiary Precision Strip, Inc., it has completed the acquisition of the assets of the Worthington Steel Vonore plant, a processing facility owned by Worthington Industries, Inc. Terms were not disclosed. Worthington Industries acquired the assets of the Vonore, Tennessee plant in early 2011. Full Article
Worthington Industries, Inc. Announces Succession Plan For President And Chief Operating Officer
Worthington Industries, Inc. announced that Mark A. Russell will become the next President and Chief Operating Officer of the Company, effective August 1, 2012, replacing George P. Stoe who is stepping down into a semi-retirement role. Geoff G. Gilmore will replace Russell becoming the next President of Worthington Steel also on August 1. Full Article
Worthington Industries, Inc. Declares Quarterly Dividend
Worthington Industries, Inc. announced that the Board of Directors has declared a quarterly dividend of $0.12 per share. The dividend is payable on June 29, 2012, to shareholders of record June 15, 2012. Full Article
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