Worthington Industries (WOR) Reports In-Line Q3 EPS, Comments on Outlook

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Go back to Worthington Industries (WOR) Reports In-Line Q3 EPS, Comments on Outlook

Worthington Reports Third Quarter Fiscal 2015 Results

March 25, 2015 5:05 PM EDT

COLUMBUS, OH -- (Marketwired) -- 03/25/15 -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $804.8 million and a net loss of $25.7 million, or a loss of $0.39 per diluted share, for its fiscal 2015 third quarter ended February 28, 2015. These results included a non-cash impairment charge of $81.6 million for the Company's Engineered Cabs business, related to goodwill and long-lived assets and $2.3 million of severance expense related to the recently announced workforce reductions in Oil & Gas Equipment. The after-tax impact of these charges reduced earnings by $52.9 million, or $0.78 per diluted share. In last year's third quarter, the... More