Worthington Industries Reaps Benefits from Acquisitions, but Suffers from Weak Steel Prices in Fiscal 2013
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.
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