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Worthington Industries Inc  (WOR)
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    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 



EARNINGS REPORT by CSIMarket

Loss on Weak Sales

Worthington Industries Inc announced financial time frame ending Nov 30 2020 operating surplus of $37.364 millions

For the financial time frame ending Nov 30 2020 Worthington Industries Inc slipped into loss of $-1.40 per share compare to $0.93 a year ago and eps fell from $11.22 per share from the previous quarter.
VysokePece1_Attribution_Tninecke_zelezarny_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons
Sales declined in double digits by -11.67 % to $731 millions from $828 millions in the same quarter a year ago and sequentially Sales increased by 4.01 % from $703 millions.


Sales have contracted due the decrease in revenues in Processed Steel Products -11.14%, Pressure Cylinders -9.87%, Other -62.52%, Engineered Cabs -22.07%.
For the financial time frame ending Nov 30 2020 Worthington Industries Inc logged net loss of $-68.512 million, instead of net income of $56.922 millions achieved in the same quarter a year before.
Other segment cut it's deficit to $-0.2 million.
1Engineered Cabs segments have widen the deficit, Other segments have improved results by decreasing the loss.
Beside announcing a net loss in the financial time frame ending Nov 30 2020, Iron & Steel company, also faced declines in Pressure Cylinders Volume (thousands of units) -7.39 %, Steel Processing (Revenue per Ton) $ -7.18 %.

Worthington Industries Inc is expected to report next financial results on March 25, 2021.


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Other WOR's Earnings Reports

Worthington Industries Inc reported first quarter 2020 earnings

Worthington Industries Inc reported fourth quarter 2020 earnings

Worthington Industries Inc reported third quarter 2020 earnings

       
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