Worthington Industries (WOR) Releases Earnings Results, Beats Expectations By $0.26 EPS

Worthington Industries (WOR) announced its most recent quarterly financial results on Wednesday, Sep-28-2016. WOR said it had a profit of $1.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.26. Analysts had a consensus of $0.77. The company posted revenue of $737.50 million in the period, compared to analysts expectations of $742.38 million. WOR’s revenue was down -2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Worthington Industries opened for trading at $43.86 and hit $44.39 on the upside on Tuesday, eventually ending the session at $44.27, with a gain of 0.61% or 0.27 points. The heightened volatility saw the trading volume jump to 4,24,183 shares. Company has a market cap of $2,828 M.

In a different news, on Aug 5, 2016, Geoffrey G Gilmore (President-Worthington Cylinder) sold 11,079 shares at $42.73 per share price. According to the SEC, on Jul 13, 2016, Dale T Brinkman (VP-Admin & Secretary) sold 4,188 shares at $42.09 per share price. On Jul 7, 2016, Catherine M Lyttle (Vice President-Communications) sold 3,750 shares at $42.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Worthington Industries Inc. is a diversified metals manufacturing company. The Company’s segments include Steel Processing Pressure Cylinders Engineered Cabs and Other. The Company’s Steel Processing segment consists of the Worthington Steel business unit Precision Specialty Metals Inc. and Worthington Steelpac Systems LLC and also includes two consolidated joint ventures: Spartan Steel Coating LLC which operates a cold-rolled hot dipped galvanizing line in Monroe Michigan and TWB Company L.L.C. which operates a laser welded blank business. Its Pressure Cylinders segment consists of Worthington Cylinders business unit and three consolidated joint ventures: Worthington Nitin Cylinders Limited Worthington Aritas Basincli Kaplar Sanayi and dHybrid Systems LLC. Its Engineered Cabs segment consists of the Worthington Industries Engineered Cabs business unit. Its Other segment includes the Construction Services and Worthington Energy Innovations (WEI) operating segments.

Worthington Industries

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