28
Jun
20:39
Worthington sees profits decline in fiscal 2018
US steel processor and pressure vessel fabricator Worthington Industries saw its fiscal 2018 profits dip year-on-year despite a surge in net sales, Kallanish reports.
Worthington posted net earnings for the fiscal year ended 31 May of $194.8 million on sales of $3.6 billion. In fiscal 2017, the company earned $204.5m on sales of just $567.5m.
Though Worthington saw a healthy boost as a result of tax reform measures - permitting the company to issue a one-time…
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Anonymous
Very good overview of the weekly steel market.
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