Worthington Industries, Inc. (NYSE:WOR) Reports 2Q19 Profit Down

Worthington Industries, Inc. (NYSE:WOR) headquartered in , announced net income for the second quarter of $ 34.00 million or $ 0.57 per share, compared to income $ 39.40 million or $ 0.62 per share for the year-ago quarter.

Top line figures for the second quarter rose 10% to $ 958.23 million from $ 871.27 million in the same quarter last year, where as analysts anticipated $ 982.77 million.

John McConnell, Chairman and CEO, commented, We faced headwinds in the quarter due to rising input costs and lower spreads in our Steel Processing business, but volumes for our key markets remained solid and our employees continue to work hard to make improvements.

Despite a challenging quarter, we are making good progress on recovering margins, and anticipate continued solid end market demand, McConnell added.