Worthington Reports Fourth Quarter and Fiscal Year Results

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Go back to Worthington Reports Fourth Quarter and Fiscal Year Results

Worthington Industries (WOR) Misses Q4 EPS by 11c, Revenues Beat

June 26, 2019 4:19 PM EDT

Worthington Industries (NYSE: WOR) reported Q4 EPS of $0.66, $0.11 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $938.8 million versus the consensus estimate of $986.47 million.

Recent Developments and Fiscal 2019 Highlights

On July 31, 2018, the Company sold the Garden City, Kan. and Dickinson, N.D. oil & gas manufacturing facilities to Palmer Manufacturing and Tank Inc. for $20.3 million, net of selling costs.In September 2018, the Company received a cash distribution of $35.0 million from WAVE representing the primary portion of its share of the proceeds in connection with the pending sale of the... More