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Stock impact report

Worthington Reports Fourth Quarter Fiscal 2020 Results

Worthington Enterprises, Inc. Common Shares (WOR) 
Last worthington enterprises, inc. common shares earnings: 3/26 06:55 am Check Earnings Report
Company Research Source: GlobeNewswire
COLUMBUS, Ohio, June 25, 2020 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $611.6 million and net earnings of $16.2 million, or $0.29 per diluted share, for its fiscal 2020 fourth quarter ended May 31, 2020.  Net earnings in the quarter were adversely impacted due to COVID-19 related shutdowns, as discussed further below, and included net pre-tax restructuring and impairment charges of $15.7 million, which reduced earnings per diluted share by $0.20.  In the fourth quarter of fiscal 2019, the Company reported net sales of $938.8 million and net earnings of $37.7 million, or $0.66 per diluted share.  Net earnings in the fourth quarter of fiscal 2019 were negatively impacted by pre-tax impairment and restructuring charges of $8.5 million, including $4.0 million recorded in equity income, reducing earnings per diluted share by $0.11.  Estimated current quarter inventory holding gains in Steel Processing were approximately $0.01 per diluted sh Show less Read more
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