Benzinga | Dec 17, 2020 07:28AM EST

Recap: Worthington Industries Q2 Earnings



Shares of Worthington Industries (NYSE:WOR) moved higher by 0.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 37.68% year over year to $0.95, which beat the estimate of $0.68.

Revenue of $731,092,000 declined by 11.67% year over year, which beat the estimate of $688,300,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Dec 17, 2020

Time: 02:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.worthingtonindustries.com%2F&eventid=2629182&sessionid=1&key=6F3E29B81E1550A2A122D91D79D53A90&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $56.43

52-week low: $19.28

Price action over last quarter: Up 37.52%

Company Overview

Worthington Industries Inc is an American diversified metals manufacturing company, focused on value-added steel processing and manufactured metal products. Its manufactured metal products include pressure cylinders for liquefied petroleum gas, compressed natural gas, oxygen, refrigerant, and other industrial gas storage; cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the oil and gas industry; cryogenic pressure vessels for liquefied natural gas and other gas storage applications; light gauge steel framing for commercial and residential construction; and several other products. The firm's operating segments are Steel Processing and Pressure Cylinders. North America accounts for the majority of the company's revenue.