Worthington Industries (NYSE:WOR) reported net sales of $611.3 million and net earnings of $25.9 million, or $0.37 per share, for its fiscal 2012 third quarter versus net sales of $569.4 million and net earnings of $26.3 million, or $0.35 per share, in the same period last year. Gross margin for the current quarter was $83.3 million, compared to $88.3 million in the prior year quarter, which the company attributed to acquisition and deconsolidation activity, an unfavorable product mix in Pressure Cylinders and increased manufacturing expenses.
Shares are higher by about two percent.
Worthington Industries is a diversified metals processing company focusing on steel processing and manufactured metal products, competing with firms such as AK Steel (AKS) and Gibraltar Industries (NASDAQ:ROCK).
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