28
Sep
18:59
Worthington records fiscal Q1 profit
US service centre chain Worthinton Industries has posted a net profit for the fiscal 2017 first quarter, Kallanish reports.
Worthington earned $65.6 million on sales of $737.5m in Q1 2017, up from a profit of $32m on sales of $758.1m in fiscal Q1 2016.
“We believe that most of our markets will remain steady as we finish calendar year 2016 with normal seasonal slowdowns in automotive production,” says ceo John McConnell. “Our transformation e…
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Very good overview of the weekly steel market.
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