18
Dec
16:15
Margin pressure hits Worthington earnings
Margin compression shrank US service centre chain and fabricator Worthington Industries’ fiscal second quarter earnings, but underlying business conditions remain robust, the company says.
In the fiscal 2019 quarter ended 30 November, Worthington earned $34 million on sales of $958.2m, down from a profit of $39.4m on sales of $871.3m in fiscal Q2 2018, Kallanish notes.
“I am pleased with the way our teams executed in a challenging environment,&rdq…
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Very good overview of the weekly steel market.
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