Worthington Industries (WOR) Reports Q2 EPS of $0.57, Revenues Miss

Worthington Industries (NYSE: WOR) reported Q2 EPS of $0.57, versus $0.62 reported last year. Revenue for the quarter came in at $958.2 million versus the consensus estimate of $982.77 million.

“I am pleased with the way our teams executed in a challenging environment,” said John McConnell, Chairman and CEO. “We faced headwinds in the quarter due to rising input costs and lower spreads in our Steel Processing business, but volumes for our key markets remained solid and our employees continue to work hard to make improvements.”

Outlook

“Despite a challenging quarter, we are making good progress on recovering margins, and anticipate continued solid end market demand," McConnell said. “I am confident that our teams across the company are executing strategies focused on accelerating our growth, and delivering innovative solutions to our customers.”

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

You May Also Be Interested In

• SanDisk and Micron surge as Apple confirms memory price pass-through
• Wall Street scrambles to lift Micron price targets ahead of earnings
• Morgan Stanley Downgrades Sands China Ltd. (1928:HK) (SCHYY) to Equalweight