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

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

Worthington Reports Second Quarter Fiscal 2016 Results

December 16, 2015 6:28 PM EST

COLUMBUS, OH -- (Marketwired) -- 12/16/15 -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $699.8 million and net earnings of $23.2 million, or $0.36 per diluted share, for its fiscal 2016 second quarter ended November 30, 2015, which included pre-tax impairment and restructuring charges totaling $24.5 million, which reduced earnings per diluted share by $0.24. Impairment and restructuring charges in the current quarter related primarily to the write-down of certain long-lived assets within the Oil & Gas Equipment business. In the second quarter of fiscal 2015, the Company reported net sales of $871.0 million and net earnings of $29.5 million, or $0.43 per diluted... More