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Business Description
Worthington Industries, Inc. is a diversified steel processor that focuses on steel processing and metals-related businesses. For the fiscal year ended May 31, 2001, Worthington's operations were conducted through three business segments: Processed Steel Products, Metal Framing and Pressure Cylinders. The Processed Steel Products segment includes The Worthington Steel Company and The Gerstenslager Company. The Metal Framing segment is made up of Dietrich Industries, Inc. and the Pressure Cylinders segment consists of Worthington Cylinder Corporation. In addition, the Company holds an equity position in eight joint ventures.

Financial Information
Worthington Industries is a diversified steel processor that focuses on steel processing and metals-related businesses with three principal segments: Processed Steel Products, Metal Framing and Pressure Cylinders. For the three months ended 8/31/02, net sales rose 28% to $525.5 million. Net income rose 92% to $27.5 million. Results reflect increased volumes and pricing improvements in all three business segments and improved operating margins.