wor-8k_20211216.htm

0001564590-21-060872.txt : 20211221 0001564590-21-060872.hdr.sgml : 20211221 20211221163229 ACCESSION NUMBER: 0001564590-21-060872 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20211216 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20211221 DATE AS OF CHANGE: 20211221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORTHINGTON INDUSTRIES INC CENTRAL INDEX KEY: 0000108516 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310] IRS NUMBER: 311189815 STATE OF INCORPORATION: OH FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08399 FILM NUMBER: 211509851 BUSINESS ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 BUSINESS PHONE: 6144383210 MAIL ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 FORMER COMPANY: FORMER CONFORMED NAME: WORTHINGTON STEEL CO DATE OF NAME CHANGE: 19720123 8-K 1 wor-8k_20211216.htm 8-K EARNINGS TRANSCRIPT Q2 FY2022 wor-8k_20211216.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 16, 2021

WORTHINGTON INDUSTRIES, INC.

(Exact Name of Registrant as Specified in its Charter)

Ohio		1-8399		31-1189815
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

200 Old Wilson Bridge Road, Columbus, Ohio 43085

(Address of Principal Executive Offices) (Zip Code)

(614) 438-3210
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Shares, without par value	WOR	NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b‑2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).

Emerging growth company		☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.		☐

Item 2.02. Results of Operations and Financial Condition.

Management of Worthington Industries, Inc. (the “Registrant”) conducted a conference call on December 16, 2021, beginning at approximately 2:00 p.m., Eastern Time, to discuss the Registrant’s unaudited financial results for the second quarter of fiscal 2022 (the fiscal quarter ended November 30, 2021). Additionally, the Registrant’s management addressed certain issues related to the outlook for the Registrant and its subsidiaries and their respective markets for the coming months. A copy of the transcript of the conference call is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information contained in this Item 2.02 and in Exhibit 99.1 furnished with this Current Report on Form 8-K, is being furnished pursuant to Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, unless the Registrant specifically states that the information is to be considered “filed” under the Exchange Act or incorporates the information by reference into a filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

In the conference call, management referred to adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the Registrant’s three months ended November 30, 2021 and November 30, 2020 and the trailing twelve months ended November 30, 2021. These represent non-GAAP financial measures and are used by management as measures of operating performance. EBITDA is calculated by adding or subtracting, as appropriate, interest expense, income tax expense (benefit) and depreciation and amortization to net earnings (loss) attributable to controlling interest and adjusted EBITDA is calculated by adding or subtracting, as appropriate, impairment of long-lived assets, restructuring and other expense (income), net, incremental expenses related to Nikola gains, and (gains) loss on investment in Nikola, in each case pre-tax, to/from EBITDA. The difference between the GAAP-based measure of net earnings (loss) attributable to controlling interest and the non-GAAP financial measure of adjusted EBITDA for the three months ended November 30, 2021 and November 30, 2020 and the trailing twelve months ended November 30, 2021, as mentioned in the conference call, is outlined below.

	Second			First			Fourth			Third			Second
	Quarter			Quarter			Quarter			Quarter			Quarter
(In thousands)	2022			2022			2021			2021			2021

Net earnings (loss) attributable to controlling interest	$	110,301		$	132,491		$	113,555		$	67,609		$	(74,044	)
Impairment of long-lived assets (pre-tax) ¹		-			-			-			-			3,815
Restructuring and other expense (income), net (pre-tax)¹		(1,923	)		(6,328	)		18,402			28,212			7,455
Incremental expenses related to Nikola gains (pre-tax)		-			-			(2,676	)		(781	)		4,570
(Gains) loss on investment in Nikola (pre-tax)		-			-			-			(2,740	)		143,780
Interest expense		7,312			7,718			7,650			7,558			7,548
Income tax expense (benefit)		31,226			40,150			27,449			4,485			(19,445	)
Adjusted earnings before interest and taxes (Adjusted EBIT) ¹	$	146,916		$	174,031		$	164,380		$	104,343		$	73,679
Depreciation and amortization		21,090			22,064			21,990			21,893			21,560
Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) ¹	$	168,006		$	196,095		$	186,370		$	126,236		$	95,239

Trailing twelve months adjusted EBITDA ¹	$	676,707

¹ Excludes the impact of the noncontrolling interest.

Additional non-GAAP financial measures referred to by management on the conference call, including reconciliations to the most comparable GAAP financial measures, are included in Exhibit 99.1 to the Registrant’s Current Report on Form 8-K filed on December 16, 2021. Such Exhibit 99.1 includes a copy of the Registrant’s news release issued on December 16, 2021 (the “Financial News Release”) reporting results for the three-month period ended November 30, 2021 (the fiscal 2022 second quarter) and for the six-month period ended November 30, 2021. The Financial News Release was made available on the Registrant’s website during the conference call and remains available on the Registrant’s website.

In the conference call, management also referred to free cash flow for the trailing twelve months ended November 30, 2021. Free cash flow is a non-GAAP financial metric that management believes measures the Company’s ability to generate additional cash from its business operations. The following provides a reconciliation of free cash flow from net cash provided by operating activities for the trailing twelve months ended November 30, 2021.

(In thousands)
Net cash used by operating activities	$	(119,354	)
Investment in property, plant and equipment		(81,393	)
Free cash flow	$	(200,747	)

Item 8.01. Other Events.

On December 16, 2021, the Registrant issued a news release (the “Dividend Release”) reporting that the Registrant’s Board of Directors had declared a quarterly cash dividend of $0.28 per share in respect of the Registrant’s common shares. The dividend was declared on December 16, 2021 and is payable on March 29, 2022 to shareholders of record at the close of business on March 15, 2022. A copy of the Dividend Release is included with this Current Report on Form 8‑K as Exhibit 99.2 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(a) through (c): Not applicable.

(d) Exhibits:

The following exhibits are included with this Current Report on Form 8‑K:

Exhibit No.		Description

99.1		Transcript of Worthington Industries, Inc. Earnings Conference Call for Second Quarter of Fiscal 2022 (Fiscal Quarter ended November 30, 2021), held on December 16, 2021
99.2		News Release issued by Worthington Industries, Inc. on December 16, 2021 reporting declaration of quarterly cash dividend
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	WORTHINGTON INDUSTRIES, INC.

Date: December 21, 2021	By:	/s/ Patrick J. Kennedy
		Patrick J. Kennedy, Vice President - General Counsel and Secretary

EX-99.1 2 wor-ex991_46.htm EX-99.1 EARNINGS TRANSCRIPT wor-ex991_46.htm

Corrected Transcript

16-Dec-2021

Worthington Industries, Inc. (WOR)

Q2 2022 Earnings Call

Total Pages: 12

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

CORPORATE PARTICIPANTS

Marcus Rogier

Treasurer & Investor Relations Officer, Worthington Industries, Inc.

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

.....................................................................................................................................................................................................................................................................

OTHER PARTICIPANTS

Philip Gibbs

Analyst, KeyBanc Capital Markets, Inc.

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

Tristan Gresser

Analyst, Exane BNP Paribas

MANAGEMENT DISCUSSION SECTION

Operator: Good afternoon and welcome to the Worthington Industries Second Quarter Fiscal 2022 Earnings Conference Call. All participants will be able to listen only until the question-and-answer session of the call. This conference is being recorded at the request of Worthington Industries. If anyone objects, you may disconnect at this time.

I'd now like to introduce Marcus Rogier, Treasurer and Investor Relations Officer. Mr. Rogier, you may begin.

Marcus Rogier

Treasurer & Investor Relations Officer, Worthington Industries, Inc.

Thank you, Rachel. Good afternoon, everyone, and welcome to Worthington Industries second quarter fiscal 2022 earnings call. On our call today, we have Andy Rose, Worthington's President and Chief Executive Officer; and Joe Hayek, Worthington's Chief Financial Officer.

Before we get started, I'd like to remind everyone that certain statements made today are forward-looking within the meaning of the 1995 Private Securities Litigation Reform Act. These statements are subject to risk and uncertainties that could cause actual results to differ from those suggested. We issued our earnings release earlier this morning before the market opened. Please refer to it for more detail on those factors that could cause actual results to differ materially. Today's call is being recorded and a replay will be available later today on our worthingtonindustries.com website.

At this point, I will turn the call over to Joe for a discussion of the financial results.

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

Thank you, Marcus, and good afternoon, everyone. We had another strong quarter in Q2 with reported earnings of $2.15 per share compared to a loss of $1.40 in Q2 a year ago. Excluding a small one-time restructuring gain, we generated a second quarter record $2.12 per share in Q2. In the prior-year period, excluding restructuring and the unrealized loss and one-time charges associated with our investment in Nikola, we generated earnings of

$0.95 per share. Consolidated net sales in the quarter of $1.2 billion were up significantly compared to $731 million in Q2 of last year. Increase in sales is primarily due to higher steel prices, along with increased volumes across our businesses and our recent acquisitions.

Our gross profit for the quarter increased to $185 million from $135 million in the prior-year quarter, and gross margin was 15% versus 18.5%. Our adjusted EBITDA in Q2 was $168 million, up from $96 million in Q2 of last year, and our trailing 12 months adjusted EBITDA is now $677 million.

I'll now spend a few minutes on each of the businesses. In Steel Processing, net sales of $938 million doubled from $469 million in Q2 of last year, primarily due to higher average selling prices and a slight increase in volumes. Total shipped tons were up 4% from last year's second quarter due to inclusion of Shiloh's BlankLight business, and we're flat excluding that acquisition.

Direct tons in Q2 were 47% of the mix compared to 48% in the prior-year quarter. Automotive demand is still difficult to predict. But late in the quarter, production forecasts began to improve, and we're optimistic that trend will continue. Production levels in automotive are not approaching historic averages, and a myriad of risks and challenges will persist for several quarters. But we are seeing indications that the worst of the semiconductor- related production interruptions may have passed. Demand across our other major end markets remains robust, and while supply chains and steel availability remains tight, our teams continue to navigate those challenges exceptionally well.

In Q2, Steel generated adjusted EBIT of $72 million compared to $34 million last year. The large year-over-year increase was primarily driven by higher spreads combined with slightly higher volumes. In the quarter, the scrap gap remained wider than historic averages. In Q2, we had pre-tax inventory holding gains estimated to be $42 million, or $0.61 per share compared to negligible gains in Q2 of last year. Based on recent declines in steel prices, we believe we will have meaningful inventory holding losses in Q3 and will also face continued headwinds from the scrap gap.

In Consumer Products, net sales in Q2 were $141 million, up 20% from $118 million in the prior-year quarter. The increase was driven by the inclusion of sales from GTI, which we acquired in January, combined with higher average selling prices. Adjusted EBIT for the consumer business was $18 million and adjusted EBIT margin was 13% during Q2 compared to $17 million and 15% in the prior-year quarter. The consumer team continues to do an excellent job managing through a fluid environment. Demand remains robust and we have invested in new equipment and head count to increase our production capacity. Margins have been under some pressure. We have higher input costs and we're limited in our ability to pass those costs along because of fixed price contracts with customers. Late in Q2, we were able to start recapturing some of that margin, and as a result we expect margins will improve moving forward.

Building Products generated net sales of $121 million in Q2, which was up 29% from $94 million in the prior-year quarter. The increase was primarily due to higher volumes as construction markets continue to grow and higher average selling prices. Building Products' adjusted EBIT was $55 million and adjusted EBIT margin was 45%, up significantly from $26 million and 28% in Q2 of last year. The large year-over-year increase was driven by record results at ClarkDietrich, contributed $27 million in equity earnings, combined with solid results from WAVE, who

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

contributed $22 million. Those teams have done a great job continuing to deliver value for their customers in a rising price environment.

Our wholly-owned Building Products business generated 47% year-over-year EBIT growth in the quarter due to an improved demand environment and higher average selling prices. The markets for our products and solutions, which are driven by commercial and residential construction continue to show strength as the economy recovers, and we were maintaining and growing our share through new product development and our ability to add value to our customers' efforts.

In Sustainable Energy Solutions, net sales in Q2 were $33 million, down slightly from $34 million in the prior year. Despite continued demand headwinds related to semiconductor chip shortages at their customers, the business was profitable and reported adjusted EBIT of $1 million in the current period compared to $2 million in the prior year.

This business is in the early stages of repositioning itself to serve the global hydrogen ecosystem and adjacent sustainable energies like compressed natural gas. We're very pleased with our progress and some early wins. The markets we serve will take time to develop, but we're very excited about our growth prospects over the long- term.

With respect to cash flows and our balance sheet, operations used cash of $119 million in the quarter, driven by

$235 million increase in operating working capital primarily associated with higher steel prices. For context, we've added $568 million in working capital over the last 12 months and our free cash flow in that same period is an outflow of $201 million. As steel prices decline, these increases in working capital should subside and ultimately reverse as they are converted back into cash.

During the quarter, we received $29 million in dividends from our unconsolidated JVs, invested $24 million in capital projects, paid $15 million in dividends, and spent $13 million to repurchase 235,000 shares of our common stock. Following our Q2 purchases, we have slightly over 8 million shares remaining under our repurchase authorization.

Looking at our balance sheet and liquidity position, funded debt at quarter-end of $702 million and interest expense of $7 million were both down slightly compared to the prior year, primarily due to favorable exchange rates for our euro-denominated debt. We ended Q2 with $225 million in cash, which we used to fund our December 1 acquisition of Tempel Steel. Earlier today, the board declared a $0.28 per share dividend for the quarter, which is payable in March of 2022.

At this point, I will turn it over to Andy.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

Thank you, Joe, and good afternoon, everyone. I am proud of our employees for delivering yet another record, the best second quarter in the Company's history and the third best quarter ever. It's a great way to finish the calendar year and enter the holiday season.

We have a lot of positive momentum in our businesses but operating challenges remain, some of which, we have been able to improve over the past few months. Supply chain issues still exist, but the chip shortage appears to be improving, although it is still impacting our automotive volumes. Our HR team has done excellent work reducing the number of open positions across the Company, but labor availability is tight and not expected to

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

change much in the foreseeable future. Our success is directly attributable to the efforts of our people who continue to do exceptional work meeting customer needs.

Demand levels are good across almost all of our end markets, and backlogs are solid. In Consumer Products, price increases needed to offset rising costs are beginning to show up in our financial results and will help profitability going forward.

We continued to invest in working capital during the quarter and have added almost $600 million in the past year. But the price of hot rolled steel peaked during the quarter in the mid-1,900s and has already fallen close to $300 a ton. Our purchasing team believes there are more declines coming, although the pace of that decline remains open for debate. Consumer Products, Building Products and Sustainable Energy Solutions all performed well during the quarter, but a special mention to the team at ClarkDietrich, who have successfully navigated the challenging environment to record profits.

We continue to be very bullish on the future of all of these business segments as we refine and execute broader and more aggressive growth strategies. Leveraging innovation, transformation and M&A will drive above-market growth and higher returns on capital. We also completed our Investor Day in November. For those of you unable to join, I encourage you to visit our website and take a look at the presentations from our business leaders on their strategies for growth.

We are thrilled to have closed the acquisition of Tempel Steel on December 1. Tempel is already a global leader in the electrical steel laminations market, which supplies the manufacturers of transformers, electric motors, and electric vehicle motors. This business is led by a talented team and should experience significant growth in the coming years as the world converts to electric vehicles and the electricity infrastructure is upgraded and expanded to meet these demands. The business environment continues to be very dynamic, whether it's COVID, labor shortages, supply chain issues or the volatility in commodities, particularly steel. Our teams continue to excel in managing through these challenges safely and effectively. Our customers' needs are being met and our shareholders are being rewarded with record profits. Thank you to all of our employees for their efforts.

We'll now take questions.

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

QUESTION AND ANSWER SECTION

Operator: Thank you. [Operator Instructions] Our first question comes from the line of Phil Gibbs from KeyBanc Capital Markets. Your line is open.

Philip Gibbs

Analyst, KeyBanc Capital Markets, Inc.

Hi. Good afternoon.

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

Good afternoon, Phil.

Philip Gibbs

Analyst, KeyBanc Capital Markets, Inc.

Last quarter, you had, I think, mentioned some variability in the outlook maybe for automotive. It looked like your volumes for steel were reasonably stable sequentially, maybe able to move some volume away from auto into other markets, but that's still your core business. And so trying to understand what you're seeing there right now.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

For automotive specifically, Phil?

Philip Gibbs

Analyst, KeyBanc Capital Markets, Inc.

Yes, within steel.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

Yeah. I mean, at a macro level, I believe the demand – the end market demand for automotive is very strong, much higher than the sales rate that – the current sales rate, which I think last quarter or last month was $13 million, low $13 millions. The supply chain issues continue to constrain production. They do appear to be alleviating. But I will tell you, our guys who watch this extremely closely, particularly for the models that we're producing, but really for all of the market, think that it will improve modestly next quarter in terms of the annual rate of production, but it's not going to vault back to what end market demand is. I mean, end market demand could be as high as 16.5 million or 17 million cars if there were no production issues anywhere.

Philip Gibbs

Analyst, KeyBanc Capital Markets, Inc.

What is – what does that mean for how we should be thinking about volume next quarter, reasonably similar, because I know you typically have some seasonality, but auto is still not pulling it where they need to. And then we've got a new acquisition in here. So, just trying to think about that.

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

Yeah. Easier – you're right on both counts, Phil. There is some seasonality. Obviously, December is upon us. And then you have sort of the January-February kind of reset, reboot. So seasonally, Q2 and Q3 are not that dissimilar. And so, I think the way that we look at it, given kind of some of that seasonality, I think sequentially, flattish on automotive to slightly up. And then some of the other things you mentioned about, kind of moving tons to other places is a reasonable way to think about it.

Philip Gibbs

Analyst, KeyBanc Capital Markets, Inc.

Okay. Okay.

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

That obviously is ex the acquisition.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

Okay. And was that acquisition funded with, I would imagine, revolving capital or debt – excuse me, or cash on the balance sheet?

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

So, yes. So, we had $225 million at quarter end in cash, and we funded the acquisition with that cash and the remainder being a drawdown of our revolver.

Philip Gibbs

Analyst, KeyBanc Capital Markets, Inc.

Well, just the last one here. Where is your – where approximately, where is your pro forma liquidity right now? Thanks, guys.

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

So again, pro forma liquidity were – excuse me, because of the acquisition and some working capital builds, we're into our revolver to kind of $75-ish million. That revolver is – it has a $500 million limit. And we believe that based on where our working capital is and where funding availability is that if we wanted additional liquidity, we would not have a hard time finding it at all.

Philip Gibbs

Analyst, KeyBanc Capital Markets, Inc.

Thank you.

Operator: Thank you. Your next question comes from the line of John Tumazos from Very Independent Research. Your line is open.

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

Thank you very much. Is the Tempel Steel acquisition going to be immediately accretive, or is it something that over 5 to 10 years as electrification advances becomes robust but doesn't make a big difference in the short- term?

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

No, John, it's a profitable business and will be immediately accretive. I think in this quarter, there may be some purchase accounting, the first month or two. But no, this is a business that in the Steel Processing world, we're excited for a lot of reasons about this business. It's a fantastic team. They've got a great market share globally. But the growth prospects are fantastic and when you throw on top of that that it's already a nicely profitable business. It's easy to get excited about the future.

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

On the current balance sheet, there's about $35 million for assets held for sale. What are those particular items for sale? Are there anything that might command a little better than expected?

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

No, we don't expect those to vacillate a lot from valuations that are in there, John. Those are a couple of assets that have been held for sale for quite a while, actually one of our joint ventures. But don't expect anything kind of out of the ordinary to take place there.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc

The only other thing I would add, John, to that is there's not a meaningful amount of profitability associated with those assets held for sale. So, that helps.

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

The inventory account rose to $840 million in all three categories, raw materials, work in process, finished products rose a lot. Your sales in the second quarter looked very good or normal. And as you mentioned, the steel price fell since September or throughout the quarter. So, as the reasonable explanation that when the mills started to have less orders, all your steel showed up early.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

No. I think, John, there's just a lag effect. I mean, the steel that we buy comes in. The price fell, as you would well know, in the last three-ish weeks. So the benefit of those lower prices, you have to wait. We're buying steel primarily. I mean, probably two-thirds to three quarters of the steel we buy is on contracts that are either monthly or quarterly contracts. We – some of it we do buy spot, but only the spot prices would have benefited us in this quarter.

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

And I sent you a note Andy, in the wood business, there were big delays in the producers getting prices up in the second half of last year. And the retailers made out like bandits. Home Depot might have made more per unit than the people that manufactured the wood. Then, when the wood price started to fall in June, Home Depot didn't cut its price for a month. So, they like made out on the way up in, on the way down better than the mills. And the times were very compressed where when the prices fell, they fell fast and completely like in a month or two.

In steel, do you expect your customers to reduce your prices before you can cut the costs of the steel that's coming in?

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

Yeah. I don't – I mean, that's a little bit of a unique situation, John. I'd hate to speculate and answer one way or the other on that one. I'm not sure I completely understand the question if you want to take another shot at it.

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

Well, and maybe I'll try, John. It's Joe...

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

If the price go down in the market instantly, where you have incoming steel that you can't stop at the higher prices?

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

Yeah. It's – so I mean, I 100% appreciate the analogy with lumber, and we all watch that. But obviously, we don't buy on a contract and sell spot. As Andy mentioned, almost all of what we're selling has been contracted for at specific prices. And so, there'll be some vacillation and we think our folks are the best in the world at understanding how things are trending and where things are going. But it probably will not work that way, as if we're selling sort of through a retail type of establishment.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

Yeah. The other – and if you're talking, I mean, every business is a little different, John. But I think your question is specific to the steel company. You remember that the way we run this business is primarily through contracts and we mirror the contracts. So when a customer comes and says, I want to buy on the quarterly CRU, we buy from the mill on that quarterly CRU and we match those contracts so that they – when the price moves, they move in lockstep. What ends up affecting our earnings where we get the FIFO gains and losses is essentially what we call our base inventory, the amount of inventory that we need in our system to run the business.

And so, we get gains and losses based on that.

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

So given what you've said and that receivables and inventory should be following with prices in the February quarter, should we expect that $75 million drawn on the revolver to be paid during the quarter, paid back?

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

There might be a bit more of a lag just given the cash conversion cycle, John. Our anticipation is that our working capital builds will probably plateau. And then begin to reverse themselves late in Q3. So, think February, but then more pronounced in our Q4.

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

So by year end, it might be repaid?

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

I would anticipate having, one, we'll make some money. But two, we expect to have a reasonable release of working capital by our year-end.

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

Are there any of the JV's that have managed inventory better or worse than the Worthington consolidated balance sheet we see?

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

Yeah. I would say the JVs are, again, they're all unique in their own right. But if you're specifically referring to WAVE and ClarkDietrich, those are unique businesses. But I would say both of them have done exceptional work in terms of managing their inventory and managing price to try and stay ahead of cost inflation in their environment. ClarkDietrich has – I think, had a more orderly market than maybe in past cycles with competition sort of behaving more rationally. And so that's enabled them to do better on that front. But there's still – it wasn't that long ago, a quarter or two back where we're talking about steel supply chain issues where people couldn't even get steel. And so those issues have somewhat subsided, not completely. But even if you wanted to build a bunch of inventory, in many cases, it wasn't possible.

John Charles Tumazos

Analyst, John Tumazos Very Independent Research LLC

Thank you and good luck.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

Thanks, John.

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

Thank you.

Operator: Thank you. Your next question comes from the line of Tristan Gresser from BNP Paribas. Your line is open.

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

Tristan Gresser

Analyst, Exane BNP Paribas

Yes. Hi. Thank you for taking my questions. First, on the inventory [indiscernible] (00:24:34) losses moving forward, would you be able to give a bit of little color and try to quantify the impact you expect to see into the next quarter and also if you're able to quantify the headwind from the scrap gap as well, that would be appreciated.

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

Sure. So. Tristan, on the inventory holding losses, we expect them to be significant though not as high as our FIFO gains were in this current quarter, if that's helpful. And with respect to the scrap gap, we expect that to peak in our Q3. And obviously you can plot that, but it's a very significant when you've got scrap at $640 and steel

$1,000 higher than that. It is a headwind for us. It's not a linear equation because we have lots of tools at our disposal to try and minimize the impact that that has on us, but it will be an impact for us, probably on the order, and we don't talk about it this way. We're probably on the order of slightly more than it was this quarter.

Tristan Gresser

Analyst, Exane BNP Paribas

All right. That's helpful. And on the Tempel acquisition, [indiscernible] (00:26:07) disclosed and you said you expect to be immediately accretive. Can you give us a bit of more color on what kind of, on a normalized basis, this business should contribute to Worthington?

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

We talked about it, the – we believe that net of inventory holding gains that they had, that's a $35-ish million dollar EBITDA business, right, maybe a bit more than that. We think that, Andy mentioned this earlier, there'll be some purchase accounting, but you get through that. We're very, very excited about the market growth in those businesses. But we also believe some of the rationales for us making that acquisition that we will be able to help that business further penetrate some automotive customers and really excited about that business and that leadership team teaching us and that we will get better as a result of being around them and vice versa.

So there will be some capital required as that business grows, not in the near-term, not in the next 90 or 180 days. But as that business grows, we'll be evaluating additional capital projects that will facilitate the growth that we know is coming that we intend to be really on the front end of.

Tristan Gresser

Analyst, Exane BNP Paribas

All right. That's interesting. And just to follow-up on that. Is the CapEx guidance, I think, last quarter, you said it would be $90 million for this fiscal year. Is that maintained?

Joseph B. Hayek

Vice President & Chief Financial Officer, Worthington Industries, Inc.

I think that's right, yeah. It'll be just under – on a run rate basis, just under $100 million.

Tristan Gresser

Analyst, Exane BNP Paribas

1-877-FACTSET www.callstreet.com

Worthington Industries, Inc. (WOR) Q2 2022 Earnings Call

Corrected Transcript

16-Dec-2021

All right. Thank you very much.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

Thank you.

Operator: Thank you. [Operator Instructions] There are no further questions at this time. Speakers, please continue.

B. Andrew Rose

President & Chief Executive Officer, Worthington Industries, Inc.

All right. Well, thanks, everyone, for joining us today. Everyone have a great holiday season, and we'll look forward to speaking to you in 2022. Have a good afternoon.

Operator: This concludes today's conference call. Thank you for participating. You may now disconnect.

Disclaimer

The information herein is based on sources we believe to be reliable but is not guaranteed by us and does not purport to be a complete or error-free statement or summary of the available data. As such, we do not warrant, endorse or guarantee the completeness, accuracy, integrity, or timeliness of the information. You must evaluate, and bear all risks associated with, the use of any information provided hereunder, including any reliance on the accuracy, completeness, safety or usefulness of such information. This information is not intended to be used as the primary basis of investment decisions. It should not be construed as advice designed to meet the particular investment needs of any investor. This report is published solely for information purposes, and is not to be construed as financial or other advice or as an offer to sell or the solicitation of an offer to buy any security in any state where such an offer or solicitation would be illegal. Any information expressed herein on this date is subject to change without notice. Any opinions or assertions contained in this i nformation do not represent the opinions or beliefs of FactSet CallStreet, LLC. FactSet CallStreet, LLC, or one or more of its employees, including the writer of this report, may have a position in any of the securities discussed herein.

THE INFORMATION PROVIDED TO YOU HEREUNDER IS PROVIDED "AS IS," AND TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, FactSet CallStreet, LLC AND ITS LICENSORS, BUSINESS ASSOCIATES AND SUPPLIERS DISCLAIM ALL WARRANTIES WITH RESPECT TO THE SAME, EXPRESS, IMPLIED AND STATUTORY, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, COMPLETENESS, AND NON-INFRINGEMENT. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEITHER FACTSET CALLSTREET, LLC NOR ITS OFFICERS, MEMBERS, DIRECTORS, PARTNERS, AFFILIATES, BUSINESS ASSOCIATES, LICENSORS OR SUPPLIERS WILL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOST PROFITS OR REVENUES, GOODWILL, WORK STOPPAGE, SECURITY BREACHES, VIRUSES, COMPUTER FAILURE OR MALFUNCTION, USE, DATA OR OTHER INTANGIBLE LOSSES OR COMMERCIAL DAMAGES, EVEN IF ANY OF SUCH PARTIES IS ADVISED OF THE POSSIBILITY OF SUCH LOSSES, ARISING UNDER OR IN CONNECTION WITH THE INFORMATION PROVIDED HEREIN OR ANY OTHER SUBJECT MATTER HEREOF.

The contents and appearance of this report are Copyrighted FactSet CallStreet, LLC 2021 CallStreet and FactSet CallStreet, LLC are trademarks and service marks of FactSet CallStreet, LLC. All other trademarks mentioned are trademarks of their respective companies. All rights reserved.

1-877-FACTSET www.callstreet.com

EX-99.2 3 wor-ex992_29.htm EX-99.2 DIVIDEND NEWS RELEASE wor-ex992_29.htm

Worthington Industries Declares Quarterly Dividend

COLUMBUS, OH – December 16, 2021 -- The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.28 per share. The dividend is payable on March 29, 2022, to shareholders of record on March 15, 2022. Worthington has paid a quarterly dividend since it became a public company in 1968.

About Worthington Industries

Worthington Industries (NYSE:WOR) is a leading industrial manufacturing company pursuing its vision to be the transformative partner to its customers, a positive force for its communities and earn exceptional returns for its shareholders. For over six decades, the Company has been delivering innovative solutions to customers spanning industries such as automotive, energy, retail and construction. Worthington is North America’s premier value-added steel processor and producer of laser welded solutions and electrical steel laminations that provide lightweighting, safety critical and emission reducing components to the mobility market. Through on-board fueling systems and gas containment solutions, Worthington serves the growing global hydrogen ecosystem. The Company’s focus on innovation and manufacturing expertise extends to market-leading consumer products in tools, outdoor living and celebrations categories, sold under brand names, Coleman®, Bernzomatic®, Balloon Time®, Mag Torch®, Well-X-Trol®, General®, Garden-Weasel®, Pactool International® and Hawkeye™; as well as market leading building products, including water systems, heating & cooling solutions, architectural and acoustical grid ceilings and metal framing and accessories.

Headquartered in Columbus, Ohio, Worthington operates 58 facilities in 16 states and nine countries, sells into over 90 countries and employs approximately 9,500 people. Founded in 1955, the Company follows a people-first philosophy with earning money for its shareholders as its first corporate goal. Relentlessly finding new ways to drive progress and transform, Worthington is committed to providing better solutions for customers and bettering the communities where it operates by reducing waste, supporting community-based non-profits and developing the next generations of makers.

Safe Harbor Statement

XXX

Worthington Industries wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act"). Statements by Worthington Industries which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks, uncertainties and impacts described from time to time in Worthington Industries’ filings with the Securities and Exchange Commission, including those related to COVID-19 and the various actions taken in connection therewith, which could also heighten other risks.

GRAPHIC 4 gtkc4yrlnkzt000001.jpg GRAPHIC begin 644 gtkc4yrlnkzt000001.jpg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end GRAPHIC 5 gtkc4yrlnkzt000002.jpg GRAPHIC begin 644 gtkc4yrlnkzt000002.jpg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end EX-101.SCH 6 wor-20211216.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000 - Document - Template Link link:presentationLink link:calculationLink link:definitionLink 100000 - Document - Cover link:calculationLink link:presentationLink link:definitionLink EX-101.LAB 7 wor-20211216_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Entity Central Index Key Cover [Abstract] Entity Registrant Name Entity Registrant Name Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Entity Central Index Key Entity Central Index Key Entity Emerging Growth Company Entity Emerging Growth Company Entity File Number Entity File Number Entity Incorporation, State or Country Code Entity Incorporation State Country Code Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address Address Line1 Entity Address, City or Town Entity Address City Or Town Entity Address, State or Province Entity Address State Or Province Entity Address, Postal Zip Code Entity Address Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Written Communications Written Communications Soliciting Material Soliciting Material Pre-commencement Tender Offer Pre Commencement Tender Offer Pre-commencement Issuer Tender Offer Pre Commencement Issuer Tender Offer Title of each class Security12b Title Trading Symbol Trading Symbol Name of each exchange on which registered Security Exchange Name EX-101.PRE 8 wor-20211216_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 9 R1.htm IDEA: XBRL DOCUMENT

Cover	Dec. 16, 2021
Cover [Abstract]
Entity Registrant Name	WORTHINGTON INDUSTRIES, INC.
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 16, 2021
Entity Central Index Key	0000108516
Entity Emerging Growth Company	false
Entity File Number	1-8399
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-1189815
Entity Address, Address Line One	200 Old Wilson Bridge Road
Entity Address, City or Town	Columbus
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43085
City Area Code	614
Local Phone Number	438-3210
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of each class	Common Shares, without par value
Trading Symbol	WOR
Name of each exchange on which registered	NYSE

XML 10 wor-8k_20211216_htm.xml IDEA: XBRL DOCUMENT 0000108516 2021-12-16 2021-12-16 false 0000108516 8-K 2021-12-16 WORTHINGTON INDUSTRIES, INC. OH 1-8399 31-1189815 200 Old Wilson Bridge Road Columbus OH 43085 614 438-3210 false false false false Common Shares, without par value WOR NYSE false EXCEL 11 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 12 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 13 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 14 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.4 html 1 118 1 false 0 0 false 0 false false R1.htm 100000 - Document - Cover Sheet http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover Cover Cover 1 false false All Reports Book All Reports wor-8k_20211216.htm wor-20211216.xsd wor-20211216_lab.xml wor-20211216_pre.xml wor-ex991_46.htm wor-ex992_29.htm http://xbrl.sec.gov/dei/2021 true false JSON 16 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "wor-8k_20211216.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "wor-8k_20211216.htm" ] }, "labelLink": { "local": [ "wor-20211216_lab.xml" ] }, "presentationLink": { "local": [ "wor-20211216_pre.xml" ] }, "schema": { "local": [ "wor-20211216.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.sec.gov/country/2021/country-2021.xsd", "https://xbrl.sec.gov/currency/2021/currency-2021.xsd", "https://xbrl.sec.gov/dei/2021/dei-2021.xsd", "https://xbrl.sec.gov/exch/2021/exch-2021.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/naics/2021/naics-2021.xsd", "https://xbrl.sec.gov/sic/2021/sic-2021.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd", "https://xbrl.sec.gov/stpr/2021/stpr-2021.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2021": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 118, "memberCustom": 0, "memberStandard": 0, "nsprefix": "wor", "nsuri": "http://worthingtonindustries.com/20211216", "report": { "R1": { "firstAnchor": { "ancestors": [ "p", "body", "html" ], "baseRef": "wor-8k_20211216.htm", "contextRef": "C_0000108516_20211216_20211216", "decimals": null, "first": true, "lang": "en-US", "name": "dei:EntityRegistrantName", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "100000 - Document - Cover", "role": "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover", "shortName": "Cover", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "body", "html" ], "baseRef": "wor-8k_20211216.htm", "contextRef": "C_0000108516_20211216_20211216", "decimals": null, "first": true, "lang": "en-US", "name": "dei:EntityRegistrantName", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2021", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address Address Line1", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address City Or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address State Or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key", "verboseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation State Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre Commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre Commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Security12b Title", "terseLabel": "Title of each class" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Name of each exchange on which registered" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://worthingtonindustries.com/20211216/taxonomy/role/DocumentCover" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 17 0001564590-21-060872-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001564590-21-060872-xbrl.zip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end