Worthington Industries (WOR) Reports In-Line Q3 EPS, Comments on Outlook

Worthington Industries (NYSE: WOR) reported Q3 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $804 million versus the consensus estimate of $832.6 million.

Outlook

"We remain focused on our goal to grow our earnings and improve our operations," said John McConnell, Chairman and CEO. "The Company has grown rapidly in recent years, both organically and through acquisitions, and that growth has helped increase our earnings. However, we will continue to take action when fundamental market conditions change or when a credible plan is not attainable to meet our targets for a particular business. We do anticipate lower steel pricing will continue to be a headwind in the upcoming quarter, but we expect automotive and heavy truck volumes to remain strong."

For earnings history and earnings-related data on Worthington Industries (WOR) click here.

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