Worthington Industries Hit Hard by Steel Prices Fiscal Third-Quarter 2015, Prepares Layoffs, South Carolina Closure
SUGAR LAND--March 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Diversified metals manufacturer Worthington Industries Incorporated (NYSE:WOR) (Columbus, Ohio) reported steep losses in the third quarter of its 2015 fiscal year, which ended February 28, as a sharp decline in steel prices, as well as weakness in the agriculture and oil & gas markets, more than offset the effects of acquisitions and solid volume gains in the Steel Processing segment. Industrial Info is tracking progress at 23 operational plants owned by Worthington.
Within this article: Details on Worthington's quarter and ongoing projects, including the expansion of a steel-processing plant in Michigan and the closure of another in South Carolina.
