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.

You May Also Be Interested In

• Stifel on FedEx Freight (FDXF): 'Enters Its Post-Breakup Era - Time to Hit the Gym and Focus on Itself'
• Aspen Neuroscience Opens At $14.70, IPO Priced At $15
• Si-Ware Systems Welcomes Industry Leaders to Accelerate Spectral Sensing Adoption Across New Markets