Worthington Industries (WOR) Q1 EPS Tops Views in Part Due to Nikola Investment

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Go back to Worthington Industries (WOR) Q1 EPS Tops Views in Part Due to Nikola Investment

Worthington Reports First Quarter Fiscal 2021 Results

September 23, 2020 6:45 AM EDT

COLUMBUS, Ohio, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $702.9 million and net earnings of $616.7 million, or $11.22 per diluted share, for its fiscal 2021 first quarter ended August 31, 2020. In the first quarter of fiscal 2020, the Company reported net sales of $855.9 million and a net loss of $4.8 million, or $(0.09) per diluted share. Results in both the current and prior year quarter were impacted by several unique items, as summarized below, including a net pre-tax gain of $746.6 million, or $10.74 per diluted share, in the current quarter related to the Companys... More