Steel Mills
March 28, 2020
Worthington Hoping for May Recovery from Virus
Written by Sandy Williams
Worthington Industries reported net sales of $764.0 million and net earnings of $15.3 million for its fiscal 2020 third quarter, ending Feb. 29, 2020. Sales were down 13 percent from the prior year due to lower average selling prices in Steel Processing and lower volumes in Pressure Cylinders.
Steel Processing net sales were down 12 percent for the quarter to $491.1 million. The mix of direct versus toll tons processed was 44-56 percent during Q3.
