Worthington Industries (WOR) Tops Q2 EPS by 2c
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Worthington Reports Second Quarter Fiscal 2020 Results
December 17, 2019 7:30 AM ESTCOLUMBUS, Ohio, Dec. 17, 2019 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $827.6 million and net earnings of $52.1 million, or $0.93 per diluted share, for its fiscal 2020 second quarter ended November 30, 2019. Net earnings for the current quarter benefited from a pre-tax gain of $23.1 million, or $0.33 per share, recorded in equity income related to the sale of the international operations of the WAVE joint venture. Estimated current quarter inventory holding losses in Steel Processing were $6.5 million, or $0.09 per share. In the second quarter of fiscal 2019, the Company reported net sales of $958.2... More
