Low Steel, LNG Prices Weaken Worthington's Results for Fiscal First-Quarter 2015
Low Steel, LNG Prices Weaken Worthington's Results for Fiscal First-Quarter 2015
SUGAR LAND--September 25, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Diversified metals manufacturer Worthington Industries Incorporated (NYSE:WOR) (Columbus, Ohio) reported a companywide drop in revenues and profits for the first quarter of the company's 2016 fiscal year, as the ongoing weakness in steel and energy prices dragged down results across all business segments. As part of its North American Metals & Minerals Project Database, Industrial Info is tracking progress at 23 operational plants owned by Worthington, including 11 in Ohio and two in Nuevo Leon, Mexico.
Within this article: Details on Worthington's quarter and projects, including the addition of several equipment lines at a facility in Tennessee.
Other companies featured: Deere & Company (NYSE:DE), Caterpillar Incorporated (NYSE:CAT)
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