Steel Mills
March 21, 2019
Tariffs Add "Noise" to Worthington's Earnings Report
Written by Sandy Williams
Worthington Industries President Andy Rose described the third quarter of fiscal year 2019 as a “noisy period” in terms of earnings.
“There continues to be a lot of noise in our third-quarter results,” said Rose. “The biggest challenge we have been facing is the steel tariffs, which have created artificial pricing mechanics that should have minimal long-term impact on our business but have created short-term margin pressure. Steel price fluctuations impacted all of our businesses in Q3.”
