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Worthington Industries Misses Expectations
Wednesday, January 5, 11:27 AM ET

Metals Manufacturer Worthington Industries (NYSE:WOR) posted second quarter earnings today of $14.5 million, or $0.20 per share, down from $23.2 million, or $0.29 per share, in the same quarter last year.

Net sales totaled $580.7 million, compared to $448 million in the same quarter last year.

Results fell short of analyst expectations.

CEO John McConnell noted that the company continued to produce solid results despite uneven economic recovery, and that automotive demand continued to provide strong volumes, while the company has also seen improvement in is pressure cylinders operations.

The company competes with the likes of AK Steel (NYSE:AKS) and Gibraltar Holdings (NASDAQ:ROCK).

For MarketNewsVideo.com, Iím Sayoko Murase.

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