Worthington Industries Inc. (NYSE:WOR) reports 3Q18 Profit Surge; Beats Street View

Worthington Industries Inc. (NYSE:WOR) announced net income for the third quarter of $ 79.09 million or $ 1.27 per share, compared to income $ 35.89 million or $ 0.55 per share for the year-ago quarter.

Analysts from Thomson Reuters expected income of $ 0.72 per share.

Top line figures for the third quarter rose 20% to $ 841.66 million from $ 703.44 million in the same quarter last year, where as analysts anticipated $ 861.00 million.

John McConnell, Chairman and CEO. said, Both our Steel Processing and Pressure Cylinders segments had good quarters with agriculture and heavy truck markets leading demand in steel, while cylinders saw strength in the consumer and industrial businesses.

Headquartered in Columbus, Ohio, Worthington is North America’s premier value-added steel processor providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture.

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