17
Dec
17:14
Worthington profits slide in fiscal second quarter
US service centre chain and fabricator Worthington Industries saw its fiscal 2020 second-quarter earnings fall despite a hefty pre-tax gain related to the sale of its WAVE joint venture, Kallanish reports.
Worthington earned $52.1 million on sales of $827.6m in the quarter ended 30 November, down from earnings of $34m on sales of $958.2m in fiscal Q2 2019.
Fiscal Q2 2020’s earnings include a pre-tax gain of $23.1m from the sale of its WAVE joint ventu…
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Anonymous
Very good overview of the weekly steel market.
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