Worthington Steel Inc
For the period ended May 31, 2024. Filed Aug 2, 2024.
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FY2024 · Filed Aug 2, 2024
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Item 2. Properties
Our principal corporate offices are located in two adjacent leased buildings in Columbus, Ohio. We lease space from the Former Parent in Columbus, Ohio used for administrative, metallurgical services and warehousing purposes. Additionally, we own warehouse space in Pennsylvania and South Carolina, and lease warehouse space in California and Pennsylvania.
At May 31, 2024, including our consolidated and unconsolidated joint ventures, we owned or leased more than 6.7 million square feet of space for our manufacturing facilities. More details on these facilities are contained in the table below. We believe these facilities are well maintained and in good operating condition and are sufficient to meet our current needs.
Wholly-owned and Consolidated Joint Ventures
| Entity | Type | Location | Number of facilities | Leased | Owned |
|---|---|---|---|---|---|
| Worthington Steel | Manufacturing | OH (5), IL, IN, KY, MI, NYCanada, China, Germany, India, Mexico | 15 | 2 | 13 |
| TWB | Manufacturing | OH (2), MI (2), TN (2), KYMexico (3), Canada | 11 | 10 | 1 |
| WSCP | Manufacturing | OH (2) | 2 | 1 | 1 |
| Spartan | Manufacturing | MI | 1 | – | 1 |
| Total | 29 | 13 | 16 | ||
Unconsolidated Joint Venture
| JointVenture | Type | Location | Number of facilities | Leased | Owned |
|---|---|---|---|---|---|
| Serviacero Worthington | Manufacturing | Mexico (3) | 3 | – | 3 |
| Total | 3 | – | 3 | ||
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