Steel Mills
March 23, 2016
Worthington Reports 32% Increase in Construction Shipments
Written by Sandy Williams
Worthington Industries reported net sales of $647.1 million for third quarter 2016, ending February 29. Sales were down from second quarter and year over year as a result of lower volume in Pressure Cylinders and Engineered Cabs, combined with lower average selling prices in Steel Processing due to a decline in the market price of steel.
Net earnings were $29.6 million up from $23.2 million in second quarter and a loss of 25.7 million in Q3 2015.
