29
Mar
20:32
Worthington doubles profits in third quarter
US service centre chain and fabricator Worthington Industries more than doubled its net earnings year on year during its fiscal third quarter, Kallanish reports.
In the quarter ended 28 February, Worthington generated a net profit of $79.1 million on sales of $841.7m. In fiscal Q3 2017, Worthington earned $35.9m on sales of $703.4m.
Fiscal Q3’s earnings included a substantial tax benefit due to recently passed tax reform legislation.
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