Wikipedia:Articles for deletion/Worthington Industries

The following discussion is an archived debate of the proposed deletion of the article below. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.

The result was keep. Michig (talk) 07:05, 19 August 2018 (UTC)[reply]

Worthington Industries

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6 are from Worthington Industries itself.
1 is unrecoverable dead link to WSJ.
1 is a mere company listing from Yahoo Finance.
There is a single likely relevant and independent source, from a wide company history listing.
All major contributors to the article were single-purpose accounts dedicated to the company. Most of them blocked. MarioGom (talk) 10:10, 5 August 2018 (UTC)[reply]

Note: This discussion has been included in the list of Business-related deletion discussions. Gameinfirmary (talk) 12:19, 5 August 2018 (UTC)[reply]

Note: This discussion has been included in the list of Companies-related deletion discussions. Gameinfirmary (talk) 12:19, 5 August 2018 (UTC)[reply]

Note: This discussion has been included in the list of Ohio-related deletion discussions. Gameinfirmary (talk) 12:19, 5 August 2018 (UTC)[reply]

Relisted to generate a more thorough discussion and clearer consensus.
Please add new comments below this notice. Thanks, North America¹⁰⁰⁰ 01:45, 12 August 2018 (UTC)[reply]

Delete Article is too promotional in tone and feel.TH1980 (talk) 01:49, 12 August 2018 (UTC)[reply]

Promotional issues can be addressed through cleanup or stubification of the article. Per Wikipedia:Editing policy#Wikipedia is a work in progress: perfection is not required, the article can be improved so it should not be deleted. Cunard (talk) 04:39, 12 August 2018 (UTC)[reply]

Keep per the significant coverage in multiple independent reliable sources.

From Wikipedia:Notability (organizations and companies)#Publicly traded corporations (my bolding):

There has been considerable discussion over time whether publicly traded corporations, or at least publicly traded corporations listed on major stock exchanges such as the NYSE and other comparable international stock exchanges, are inherently notable. Consensus has been that notability is not automatic in this (or any other) case. However, sufficient independent sources almost always exist for such companies, so that notability can be established using the primary criterion discussed above. Examples of such sources include independent press coverage and analyst reports. Accordingly, article authors should make sure to seek out such coverage and add references to such articles to properly establish notability.

Analyst reports

https://www.marketbeat.com/stocks/NYSE/WOR/price-target/^WebCite contains a list of analyst reports available under a paywall:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
3/30/2018	Jefferies Financial Group	Reiterated Rating	Hold	$45.00	N/A	Paywall link
4/3/2017	JPMorgan Chase & Co.	Lower Price Target	Neutral	$48.00 ➝ $46.00	Low	Paywall link
3/14/2017	Macquarie	Upgrade	Underperform ➝ Neutral		Low	Paywall link

Here is more information from the analyst reports:

This 24 February 2015 article^archive.is from StreetInsider.com notes:
Credit Suisse downgraded Worthington Industries (NYSE: WOR) from Outperform to Neutral with a price target of $30.00, saying U.S. steel prices are not at a bottom yet.
Analyst said N. Littlewood their best estimate is that early spring will mark an inflection point for US steel price.
This 4 April 2017 article^archive.is from StreetInsider.com notes:
Jefferies upgraded Worthington Industries (NYSE: WOR) from Underperform to Hold with a price target of $45.00.
Analyst Seth Rosengeld expects earnings will improve although he remains concerned over exposure to end-markets in autos. He expects fundamentals to improve, hence the Hold raiting, but fails to see material upside currently.
This 12 April 2013 article^archive.is from StreetInsider.com notes:
Topeka Capital upgraded Worthington Industries (NYSE: WOR) from Hold to Buy with a price target of $44.00.
Analyst Daniel Whalen said, "Upgrading shares as we believe the recent pullback is overdone and our price target now offers nearly 20% upside. We believe WOR remains well positioned to benefit from the recovering U.S. industrial economy and ongoing restructuring initiatives. Furthermore, results could be supplemented by acquisition growth, as well as, additional share repurchases. While the Company recently reported EPS results slightly above expectations, we are maintaining our full-year EPS estimates and $44 price target, which now offers nearly 20% upside. Consequently, we are upgrading our rating from Hold to Buy."

Other sources

Mouawad, Jad (2008-04-28). "John McConnell, 84, Steel and Hockey Magnate, Dies". The New York Times. Archived from the original on 2018-08-12. Retrieved 2018-08-12.
The article notes:

John H. McConnell, a self-made steel magnate and sports enthusiast who borrowed $600 against his car to establish what became a multibillion-dollar company and later brought professional hockey to Columbus, Ohio, died Friday in Columbus. He was 84.
He died at Riverside Methodist Hospital of complications from cancer, said Cathy M. Lyttle, a spokeswoman for Worthington Industries, the steel company he founded in 1955.
Mr. McConnell ran Worthington Industries for four decades until he retired in 1996.
A son of a steel worker, Mr. McConnell, who was known as Mr. Mac, championed the idea that workers should partake in their company’s success and set up an employee profit-sharing plan in 1966.
His views were recognized by Mother Jones, a magazine for progressive causes, which in 1986 named Worthington Industries one of the best companies to work for in the United States. Fortune magazine also gave the company that distinction four times.
Leib, Jeffrey A. (1986-02-09). "The Promise in Profit-Sharing". The New York Times. Archived from the original on 2018-08-12. Retrieved 2018-08-12.
The article notes:

LAST year, the left-of-center magazine Mother Jones, citing a commitment to fairness, product and environmental quality, ethics and people, lauded Worthington Industries Inc. as one of the best companies to work for in America.
The reaction of John H. McConnell, the 62-year-old founder and chairman of the $700 million steel processing company, was characteristically blunt. Who the hell is Mother Jones? he asked.
...
Worthington, which is based in Columbus, Ohio, is one of a handful of large American companies that use profit-sharing to account for a major portion - at least 25 percent and in some cases, as high as 50 percent - of employee compensation.
...
When he started Worthington as a virtual basement operation 31 years ago, Mr. McConnell vowed to find a new way to motivate employees and keep unions out of his operations. Having worked in a West Virginia steel mill and an Oldsmobile factory in Michigan, he was appalled by what he said was the way union work rules and poor labor relations sabotaged productivity and profitability.
...
It is hard to argue with Worthington's success. Last year, average sales per non-union employee (union employees, most of whom came to Worthington when it acquired unionized companies, do not participate in profit-sharing) were $353,800, compared with a median of $123,198 a year for metal manufacturing companies and $100,614 for all manufacturers.
Vartan, Vartanig G. (1986-04-23). "Market Place; Steelmakers With a Niche". The New York Times. Archived from the original on 2018-08-12. Retrieved 2018-08-12.
The article notes:

Worthington Industries, once better known as a steel service center, now is basically a steel processor that buys finished steel and upgrades it. The company earned $1.40 a share for the fiscal year ended May 31, 1985. Mr. Katz of Value Line estimates profits at $1.55 for the 1986 fiscal year and at $1.80 for the following fiscal year.
...
Worthington Industries is the only steel stock currently on the recommended list of Salomon Brothers. Michelle Galanter Applebaum, an analyst at the investment firm, estimates profits at $1.52 for the 1986 fiscal year and at $1.82 for the 1987 fiscal year.
McCarthy, Erin; Beckerman, Josh (2014-09-24). "Worthington Industries Profit Falls". The Wall Street Journal. Archived from the original on 2018-08-12. Retrieved 2018-08-12.
The article notes:

Worthington Industries Inc. WOR -1.05%▲ said its fiscal first-quarter earnings fell 19%, reflecting nonrecurring items in the year-ago quarter, but revenue rose 25%.
The steel processing segment saw strong volume from the automotive market and acquisitions helped the pressure cylinders business.
The company has been transforming from primarily steel processing to the manufacture of finished goods, in part through a series of acquisitions.
This summer, Worthington purchased oil and gas equipment maker Midstream Equipment Fabrication and cryogenic transport trailer maker James Russell Engineering Works Inc., as part of its efforts to expand its energy business. In March, it agreed to acquire the North Dakota tank manufacturing business of SteffesCorp. The Steffes unit makes storage tanks for customers drilling in the Bakken Shale and Williston Basin regions.
Mason, Everdeen (2013-12-19). "Worthington Industries' Profit Falls on Write-Down; Revenue Up". The Wall Street Journal. Archived from the original on 2018-08-12. Retrieved 2018-08-12.
The article notes:

Worthington Industries Inc.'s WOR -1.05%▲ fiscal second-quarter profit fell 28% as the company posted a $30.7 million write-down related to its rebranding efforts, though revenue increased and core results topped expectations.
The steel processing and metals-products company has been transforming its business from primarily steel processing to the manufacture of finished goods, in part through a series of acquisitions. Additionally, the company plans to discontinue the use of most non-Worthington trade names, which led to the write-off charge in the latest quarter.
...
Worthington has focused on growing its business in China, and in October finalized a joint venture with Nisshin Steel Co. and Marubeni-Itochu Steel Inc. to manufacture cold rolled strip steel in China for the automotive industry.
...
Analysts polled by Thomson Reuters recently expected earnings of 54 cents a share on revenue of $694 million.

There is sufficient coverage in reliable sources to allow Worthington Industries to pass Wikipedia:Notability#General notability guideline, which requires "significant coverage in reliable sources that are independent of the subject".

Cunard (talk) 04:39, 12 August 2018 (UTC)[reply]

The analyst reports from Jefferies Financial Group, JPMorgan Chase, Macquarie Group, Credit Suisse, and Topeka Capital are sufficient to establish notability per Wikipedia:Notability (organizations and companies)#Publicly traded corporations.
Cunard (talk) 04:39, 12 August 2018 (UTC)[reply]

Keep company passes notability guidelines, despite the poorly written article. Flibirigit (talk) 17:22, 12 August 2018 (UTC)[reply]
Keep Yeah, article might need a clean-up but the topic is notable, reference can be found that meet the criteria for establishing notability. HighKing⁺⁺ 20:04, 12 August 2018 (UTC)[reply]
Keep - easily passes GNG. Rlendog (talk) 14:11, 13 August 2018 (UTC)[reply]

The above discussion is preserved as an archive of the debate. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.