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Worthington Industries' Steel-Processing Segment Brings Record Quarterly Sales, an Industrial Info News Alert

Posted on: Friday, 26 September 2008, 09:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- On September 24, Worthington Industries Incorporated (NYSE:WOR) (Columbus, Ohio) held a conference call regarding its earnings for the first fiscal quarter of 2009, which ended August 31. The company boasted record sales of $913 million, up 20% from the same period last year. Steel processing provided 50% of the company's revenue this quarter. Quarterly sales in this segment rose 29% to $450 million from $356 million in 1Q2008. These increased sales figures come despite the fact that demand for steel from the nation's automotive sector has declined significantly.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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SOURCE: Industrial Info Resources

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