Worthington Enterprises, Inc. designs and manufactures a range of consumer and building products. The company operates in two main segments: Consumer Products and Building Products. Within the Consumer Products segment, Worthington offers tools, outdoor living items, and celebration products under brands such as Balloon Time®, Bernzomatic®, Coleman®, and Halo®. This segment primarily targets mass retailers and online platforms, accounting for about 40% of the company's net sales in fiscal 2024. The Building Products segment focuses on pressurized containment solutions for heating, cooling, and water applications, including products like refrigerant and LPG cylinders and well water tanks. This segment contributed around 50% of net sales in fiscal 2024.
Worthington operates in the consumer goods and construction industries, with a significant international presence, particularly in Europe. The company generates revenue through the sale of its products to approximately 1,550 customers, including mass retailers and through online channels. Additionally, Worthington engages in joint ventures, such as WAVE and ClarkDietrich, to produce ceiling suspension systems and steel framing products. The company also holds stakes in ventures related to clean energy solutions and outdoor cooking technologies.
Worthington's operational structure includes multiple manufacturing facilities in the U.S. and abroad, with a focus on mitigating risks by sourcing key raw materials like steel, aluminum, copper, and propane from various suppliers. Factors impacting business performance include seasonal consumer demand, construction activity, and international market dynamics. The company's shares are publicly traded on the NYSE under the ticker symbol WOR.