Worthington Industries (WOR) Misses Q1 EPS by 23c, provides outlook

Worthington Industries (NYSE: WOR) reported Q1 EPS of $0.50, $0.23 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $257.3 million versus the consensus estimate of $300.27 million.

Outlook

“We have a positive long-term outlook especially with the recent recalibration of interest rates. Our market-leading products and brands are well-positioned to take advantage of long-term secular trends and should benefit when near-term headwinds subside and demand normalizes,” Rose said. “We are also equipped with a strong balance sheet and the ability to drive long-term growth and reward shareholders as we leverage the Worthington Business System of transformation, innovation and M&A.”

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

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