Worthington Industries Announces New Tools and Outdoor Living Products Available at Retailers Nationwide

Rhea-AI Summary

Worthington Industries (NYSE: WOR) has launched innovative tools and outdoor living products, set to hit retail stores nationwide for the holiday season. Highlights include the Bernzomatic Digital Fuel Gauge, recognized as a Popular Mechanics Shop Tool Awards 2021 Winner, and the General Tools ANGLE-IZER Locking Contour Gauge, designed for precise shape duplication. These products aim to enhance user experience and reflect the company's focus on consumer insights and innovation.

Positive

• Launch of multiple innovative products such as the Digital Fuel Gauge and Locking Contour Gauge.
• Recognition of the Digital Fuel Gauge as a winner in several industry awards, indicating its market acceptance.
• Expansion of product offerings in time for the holiday season, potentially boosting sales.

Negative

• None.

Digital Fuel Gauge, Locking Contour Gauge, Cordless Shearing Tool and Soil Thermometer Reflect Company’s Innovation Strategy

COLUMBUS, Ohio, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. [NYSE: WOR] today announced new tools and outdoor living products available at retail stores nationwide in time for the holiday season. The new products showcase Worthington’s growth strategy at work with innovation at the forefront. Each was developed from consumer insights, to add more value to the task at hand or eliminate a shared frustration, such as unexpectedly running out of fuel mid-job.

“Growing our Consumer Products business through innovation is a strategic focus for us. We’re using an intricate mix of research, testing and advanced analytics to develop and commercialize new products, and to better understand and serve both the users of our products and our retail customers who make them available,” said Worthington Industries President of Consumer Products Steve Caravati. “That’s why we’re excited to share these new additions to our lineup of outdoor living and tools products and to showcase the industry recognition some are receiving already.”

New retail offerings include:

• Bernzomatic® Digital Fuel Gauge: This new device measures the amount of fuel remaining in portable, nonrefillable fuel tanks such as the Bernzomatic 16 oz. and 14 oz. cylinders. It is compact and designed with user-friendly functionality, including an easy-to-read, digital LED display. It allows campers, backyard grillers, DIYers and other portable fuel users to know when it is time to re-stock. Recognized as a Popular Mechanics Shop Tool Awards 2021 Winner, a 2021 Tool of the Year by Successful Farming and as a finalist in the 2021 IDSA Idea Awards, the Digital Fuel Gauge is also sold under the Coleman® brand through Worthington’s licensing agreement with Coleman. Detailed features and retail locations are available at www.Bernzomatic.com.
  
  
• General Tools ANGLE-IZER® Locking Contour Gauge: This hand tool offers precise shape duplication to quickly capture exact profiles for accurate cutting for woodworking, tiling, linoleum installation and more. It utilizes a built-in locking function and is constructed of durable, rust-proof plastic that will not scratch surfaces. Details on this product and the full General Tools portfolio of specialty and precision tools can be found at www.GeneralTools.com.
  
  
• PacTool Snapper Shear™ Siding Pro: This all-new siding shear attachment tool allows home remodelers to cut fiber cement siding quickly, precisely and safely. The Snapper Shear Siding Pro offers a compact design that is compatible with any 18-volt cordless drill so a project can be completed even without power at the jobsite. It allows cleaner, quieter cutting of fiber cement siding. Details on this product and the full assortment of PacTool siding, cutting and roofing tools are available at www.PACTOOL.us.
  
  
• Garden Weasel® Long Stem Soil Thermometer: Ideal for gardeners, this thermometer provides a long-stem, stainless steel probe capable of accurate soil temperature readings between 0° and 220°F, as well as an easy-to-read dial with a clear glass lens. It’s an extension of the Garden Weasel family of professional-grade, multi-use garden tools. Learn more at www.GardenWeasel.com.
  

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 that provide lightweighting and safety critical 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 53 facilities in 15 states and seven countries, sells into over 90 countries and employs approximately 8,000 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
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 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 the Company's 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.

Contacts:
SONYA L. HIGGINBOTHAM
VP, CORPORATE COMMUNICATIONS AND BRAND MANAGEMENT
614.438.7391 | sonya.higginbotham@worthingtonindustries.com

MARCUS A. ROGIER
TREASURER AND INVESTOR RELATIONS OFFICER
614.840.4663 | marcus.rogier@worthingtonindustries.com

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

Photos accompanying this announcement are available at

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