Worthington Industries (WOR) Tops Q2 EPS by 9c Ex-Items, Sales Miss

Worthington Industries (NYSE: WOR) reported Q2 EPS of $0.60, ex-items, $0.09 better than the analyst estimate of $0.51. Revenue for the quarter came in at $699.8 million versus the consensus estimate of $737.93 million.

"We had a solid performance for the quarter in the face of some market weakness," said John McConnell, Chairman and CEO. "We have responded to the softer markets by lowering manufacturing costs to help improve results in those businesses." McConnell added, "The majority of our joint ventures delivered good results in the quarter."

Outlook

"Our legacy businesses are performing well despite some market softness and challenging conditions in steel pricing," McConnell said. "We remain committed to growing our Company and adding value to our shareholders investment in us."

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

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