Worthington Industries Q4 EPS Edges Up - Quick Facts

(RTTNews) - Worthington Industries, Inc. (WOR) Thursday reported fourth-quarter net earnings of $33.2 million compared with $33.5 million last year. Earnings per share grew to $0.47 from $0.46 in the year-ago period. Net sales for the three-month period, climbed 27 percent. The last-year quarterly results had included several impairment and other charges totaling $10.8 million pretax, which reduced earnings per share by $0.14.

On average, 8 analysts polled by Thomson Reuters had expected the company to report profit per share of $0.67 for the quarter. Analysts' estimates typically exclude special items.

Net sales for quarter rose 27 percent to $891.0 million from $704.1 million, last year and beat consensus estimate of $841.22 million. The increase resulted from higher overall volumes, aided by acquisitions.

The board declared a quarterly dividend of $0.18 per share, payable on September 29, to shareholders of record on September 12.

Looking ahead, the firm anticipates continued year-over-year growth in fiscal 2015, as it pursues strategies for delivering consistent earnings growth.