Steel Mills
December 17, 2015
Worthington Industries Posts Solid Second Quarter Despite Reduced Volumes
Written by Sandy Williams
Worthington Industries posted net sales of $699.8 million and net earnings of $23.2 million for second quarter 2016 ending November 30, 2015. CEO John McConnell called it a “solid performance for the quarter in the face of some market weakness.”
Sales were down 19.7 percent compared to the prior year’s second quarter as result of overall lower volumes, lower average selling prices in Steel Processing and a change in product mix in Engineered Cabs.
