Worthington Industries (WOR) Misses Q3 EPS by 10c
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Worthington Reports Third Quarter Fiscal 2019 Results
March 20, 2019 4:28 PM EDTCOLUMBUS, Ohio, March 20, 2019 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $874.4 million and net earnings of $26.8 million, or $0.46 per diluted share, for its fiscal 2019 third quarter ended February 28, 2019. The current quarter was negatively impacted due to a replacement program related to certain composite hydrogen fuel tanks, resulting in a pre-tax charge of $13.0 million, or $0.17 per share. In addition, the current quarter included estimated inventory holding losses of $10.8 million in Steel Processing and a pre-tax net restructuring gain of $11.2 million related to the sale of certain assets... More
