Worthington Industries, Inc. an Ohio-based US metals manufacturing company, has released its fourth quarter (Q4) and full year results, ended 31st May (2019).
Worthington Industries reported net sales of $938.8m and net earnings of $37.7m, or $0.66 per diluted share, for its fiscal 2019 Q4.
Net earnings in the quarter were negatively impacted by pre-tax impairment and restructuring charges of $8.5m, including $4m of which was recording in equity income.
For the fiscal year ended 31st May (2019), the company reported net sales of $3.8bn and net earnings of $153.5m, or $2.61 per diluted share, down from net earnings of $194.8m, or $3.09 per diluted share in the prior year.
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