RSS Worthington Industries Inc. Q2 Profit Advances

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 RSS Worthington Industries Inc. Q2 Profit Advances

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Worthington Industries Inc. (WOR) has reported an increase in its second-quarter earnings compared to the previous year. The company recorded earnings of $28.26 million, translating to $0.56 per share, an improvement from $24.30 million, or $0.49 per share, in the same quarter a year ago.

On an adjusted basis, the company posted earnings of $30.24 million or $0.60 per share for the quarter.

However, the company's revenue experienced a decline of 8.1%, dropping to $274.05 million from the previous year's $298.23 million.

To summarize the company's performance this quarter under GAAP:

- Earnings for Q2 amounted to $28.26 million, up from last year's $24.30 million.

- Earnings per share (EPS) reached $0.56, compared to $0.49 in the prior year.

- Revenue decreased to $274.05 million, down from $298.23 million the previous year.

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