Worthington Industries Reaps Benefits from Acquisitions, but Suffers from Weak Steel Prices in Fiscal 2013
SUGAR LAND--September 30, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Diversified metals manufacturer Worthington Industries Incorporated (NYSE:WOR) (Columbus, Ohio) reported mixed results for the final quarter and full 2013 fiscal year. Although acquisitions proved to be a major benefit to the company's sales, weaker selling prices and a string of impairment and restructuring charges had a significant impact on the bottom line. As part of its North American Metals & Minerals Project Database, Industrial Info is keeping tabs on 22 operational plants owned by Worthington.
