Steel Mills
March 25, 2015
Worthington Industries Announces Q3 Results
Written by Sandy Williams
Worthington Industries reported net sales of $804.8 million and a net loss of $25.7 million for the third quarter of FY 2015 ending February 28, 2015.
Results included a non-cash impairment charge of $81.6 million related to the Engineered Cabs business and a USD 2.3 million restructuring charge for severance benefits related to the workforce reductions at the Oil & Gas Equipment locations. The charges reduced earnings after taxes by $52.6 million for the quarter.
