Worthington Industries (WOR) Misses Q2 EPS by 28c, Revenue Beat

Worthington Industries (NYSE: WOR) reported Q2 EPS of $0.44, $0.28 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.12 billion.

GUIDANCE:

“Despite a somewhat murky economic outlook, steel prices appear to have stabilized and we believe many of our customers have returned to seasonally normal inventory levels. End market demand remains solid across most markets, and we are optimistic about our start to 2023,” Rose said. “We continue to make progress on our previously announced business separation (Worthington 2024) and remain confident that the separation will enhance shareholder value by creating two distinct, market-leading companies with strong cash flows that are better positioned to pursue their respective growth strategies while delivering superior returns for shareholders.”

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

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