Analyze Worthington Industries financial situation. How does the company look to you as an analyst? Concerns or strengths?

WORTHINGTON INDUSTRIES, INC. CONSOLIDATED BALANCE SHEETS (In thousands) May 31, 2019 2018 S 92,363 $ 121,967 501,944 572,689 ASSETS Current assets: Cash and cash equivalents Receivables, less allowances of $1,150 and $632 at May 31, 2019 and May 31, 2018, respectively Inventories: Raw materials Work in process Finished products Total inventories Income taxes receivable Assets held for sale Prepaid expenses and other current assets Total current assets Investments in unconsolidated affiliates Goodwill Other intangible assets, net of accumulated amortization of $87,759 and $74,922 at May 31, 2019 and May 31, 2018, respectively Other assets Property, plant and equipment: Land Buildings and improvements Machinery and equipment Construction in progress Total property, plant and equipment Less: accumulated depreciation Total property, plant and equipment, net Total assets 268,607 113,848 101,825 484,280 10,894 6,924 69,508 1,165,913 214,930 334,607 237,471 122.977 93,579 454,027 1,650 30,655 60,134 1,241,122 216,010 345,183 196,059 20,623 214,026 20,476 23,996 24,229 310,112 300,542 1,049,068 1,030,720 49,423 32,282 1,432,599 1,387,773 853,935 802,803 578,664 584,970 $ 2,510,796 $ 2,621,787 See notes to consolidated financial statements. CONSOLIDATED BALANCE SHEETS (Dollars in thousands) May 31, 2019 2018 $ LIABILITIES AND EQUITY Current liabilities: Accounts payable Accrued compensation, contributions to employee benefit plans and related taxes Dividends payable Other accrued items Income taxes payable Current maturities of long-term debt Total current liabilities Other liabilities Distributions in excess of investment in unconsolidated affiliate Long-term debt Deferred income taxes, net Total liabilities Shareholders' equity - controlling interest: Preferred shares, without par value; authorized - 1,000,000 shares; issued and outstanding - none Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding, 2019 - 55,467,525 shares, 2018 - 58,876,921 shares Additional paid-in capital Accumulated other comprehensive loss, net of taxes of $7,100 and $2,908 at May 31, 2019 and May 31, 2018, respectively Retained earnings Total shareholders' equity - controlling interest Noncontrolling interests Total equity Total liabilities and equity 393,517 $ 78,155 14,431 59,810 1,164 150,943 698,020 69,976 121,948 598,356 74,102 1,562,402 473,485 96,487 13,731 57,125 4,593 1,474 646,895 74,237 55,198 748,894 60,188 1,585,412 283,177 295,592 (43,464) (14,580) 591,533 637,757 831,246 918,769 117,148 117,606 948,394 1,036,375 $ 2,510,796 $ 2,621,787 WORTHINGTON INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF EARNINGS (In thousands, except per share amounts) Fiscal Years Ended May 31, 2019 2018 2017 $ 3,759,556 $ 3,581,620 S 3,014,108 3,279,601 3,018,763 2,478,203 479,955 562,857 535,905 338,392 367,460 316,373 7,817 61,208 (11,018) (7,421) 6,411 144,764 141,610 213,121 Net sales Cost of goods sold Gross margin Selling, general and administrative expense Impairment of goodwill and long-lived assets Restructuring and other expense (income), net Operating income Other income (expense): Miscellaneous income, net Interest expense Equity in net income of unconsolidated affiliates Earnings before income taxes Income tax expense Net earnings Net earnings attributable to noncontrolling interests Net earnings attributable to controlling interest 2,716 (38,063) 97,039 206,456 43,183 163,273 9,818 153,455 $ 2,996 (38,675) 103,139 209,070 8,220 200,850 6,056 194,794 $ 3,764 (29,796) 110,038 297,127 79,190 217,937 13,422 204,515 $ Basic Average common shares outstanding Earnings per share attributable to controlling interest 57,196 2.68 $ 60,923 3.20 $ 62,443 3.28 $ Diluted Average common shares outstanding Earnings per share attributable to controlling interest 58,823 2.61 $ 63,042 3.09 S 64,874 3.15 $ | WORTHINGTON INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) | Fiscal Years Ended May 31, 2019 2018 2017 163,273 $ | 200,850 $ 217,937 $ Net earnings Other comprehensive income (loss): Foreign currency translation Pension liability adjustment, net of tax Cash flow hedges, net of tax Other comprehensive income (loss) Comprehensive income Comprehensive income attributable to noncontrolling interests Comprehensive income attributable to controlling interest (14,772) (1,785) (12,447) (29,004) 134,269 9,698 | 124,571 S 12,744 1,566 959 15,269 216,119 6,429 209,690 $ 1,342 2,242 (2,822) 762 218,699 13,394 205,305 $ See notes to consolidated financial statements. WORTHINGTON INDUSTRIES, INC. CONSOLIDATED BALANCE SHEETS (In thousands) May 31, 2019 2018 S 92,363 $ 121,967 501,944 572,689 ASSETS Current assets: Cash and cash equivalents Receivables, less allowances of $1,150 and $632 at May 31, 2019 and May 31, 2018, respectively Inventories: Raw materials Work in process Finished products Total inventories Income taxes receivable Assets held for sale Prepaid expenses and other current assets Total current assets Investments in unconsolidated affiliates Goodwill Other intangible assets, net of accumulated amortization of $87,759 and $74,922 at May 31, 2019 and May 31, 2018, respectively Other assets Property, plant and equipment: Land Buildings and improvements Machinery and equipment Construction in progress Total property, plant and equipment Less: accumulated depreciation Total property, plant and equipment, net Total assets 268,607 113,848 101,825 484,280 10,894 6,924 69,508 1,165,913 214,930 334,607 237,471 122.977 93,579 454,027 1,650 30,655 60,134 1,241,122 216,010 345,183 196,059 20,623 214,026 20,476 23,996 24,229 310,112 300,542 1,049,068 1,030,720 49,423 32,282 1,432,599 1,387,773 853,935 802,803 578,664 584,970 $ 2,510,796 $ 2,621,787 See notes to consolidated financial statements. CONSOLIDATED BALANCE SHEETS (Dollars in thousands) May 31, 2019 2018 $ LIABILITIES AND EQUITY Current liabilities: Accounts payable Accrued compensation, contributions to employee benefit plans and related taxes Dividends payable Other accrued items Income taxes payable Current maturities of long-term debt Total current liabilities Other liabilities Distributions in excess of investment in unconsolidated affiliate Long-term debt Deferred income taxes, net Total liabilities Shareholders' equity - controlling interest: Preferred shares, without par value; authorized - 1,000,000 shares; issued and outstanding - none Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding, 2019 - 55,467,525 shares, 2018 - 58,876,921 shares Additional paid-in capital Accumulated other comprehensive loss, net of taxes of $7,100 and $2,908 at May 31, 2019 and May 31, 2018, respectively Retained earnings Total shareholders' equity - controlling interest Noncontrolling interests Total equity Total liabilities and equity 393,517 $ 78,155 14,431 59,810 1,164 150,943 698,020 69,976 121,948 598,356 74,102 1,562,402 473,485 96,487 13,731 57,125 4,593 1,474 646,895 74,237 55,198 748,894 60,188 1,585,412 283,177 295,592 (43,464) (14,580) 591,533 637,757 831,246 918,769 117,148 117,606 948,394 1,036,375 $ 2,510,796 $ 2,621,787 WORTHINGTON INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF EARNINGS (In thousands, except per share amounts) Fiscal Years Ended May 31, 2019 2018 2017 $ 3,759,556 $ 3,581,620 S 3,014,108 3,279,601 3,018,763 2,478,203 479,955 562,857 535,905 338,392 367,460 316,373 7,817 61,208 (11,018) (7,421) 6,411 144,764 141,610 213,121 Net sales Cost of goods sold Gross margin Selling, general and administrative expense Impairment of goodwill and long-lived assets Restructuring and other expense (income), net Operating income Other income (expense): Miscellaneous income, net Interest expense Equity in net income of unconsolidated affiliates Earnings before income taxes Income tax expense Net earnings Net earnings attributable to noncontrolling interests Net earnings attributable to controlling interest 2,716 (38,063) 97,039 206,456 43,183 163,273 9,818 153,455 $ 2,996 (38,675) 103,139 209,070 8,220 200,850 6,056 194,794 $ 3,764 (29,796) 110,038 297,127 79,190 217,937 13,422 204,515 $ Basic Average common shares outstanding Earnings per share attributable to controlling interest 57,196 2.68 $ 60,923 3.20 $ 62,443 3.28 $ Diluted Average common shares outstanding Earnings per share attributable to controlling interest 58,823 2.61 $ 63,042 3.09 S 64,874 3.15 $ | WORTHINGTON INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) | Fiscal Years Ended May 31, 2019 2018 2017 163,273 $ | 200,850 $ 217,937 $ Net earnings Other comprehensive income (loss): Foreign currency translation Pension liability adjustment, net of tax Cash flow hedges, net of tax Other comprehensive income (loss) Comprehensive income Comprehensive income attributable to noncontrolling interests Comprehensive income attributable to controlling interest (14,772) (1,785) (12,447) (29,004) 134,269 9,698 | 124,571 S 12,744 1,566 959 15,269 216,119 6,429 209,690 $ 1,342 2,242 (2,822) 762 218,699 13,394 205,305 $ See notes to consolidated financial statements