Worthington Industries Inc. Reveals 31% Decline In Q1 Profit

(RTTNews) - Worthington Industries Inc. (WOR) reported a profit for first quarter that retreated from last year.

The company said its profit fell to $45.5 million, or $0.70 per share. This was lower than $65.6 million, or $1.02 per share, in last year's first quarter.

Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.0% to $848.2 million. This was up from $737.5 million last year.

Worthington Industries Inc. earnings at a glance:

-Earnings (Q1): $45.5 Mln. vs. $65.6 Mln. last year. -Earnings Decline (Y-o-Y): -30.6% -EPS (Q1): $0.70 vs. $1.02 last year. -EPS Decline (Y-o-Y): -31.4% -Analysts Estimate: $0.82 -Revenue (Q1): $848.2 Mln vs. $737.5 Mln last year. -Revenue Change (Y-o-Y): 15.0%