AP NEWS

Worthington: Fiscal 4Q Earnings Snapshot

June 26, 2019

COLUMBUS, Ohio (AP) _ Worthington Industries Inc. (WOR) on Wednesday reported fiscal fourth-quarter earnings of $37.7 million.

On a per-share basis, the Columbus, Ohio-based company said it had net income of 66 cents. Earnings, adjusted for non-recurring costs, were 77 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 77 cents per share.

The metal manufacturer posted revenue of $938.8 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $986.4 million.

Worthington shares have increased 9.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.15, a decrease of 19% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WOR at https://www.zacks.com/ap/WOR

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