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 (NYSE:AKS) and Gibraltar Industries (NASDAQ:ROCK).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.