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Worthington Sales Jump 48% in 1Q

Worthington Industries, Inc. (NYSE: WOR), Columbus, OH, reported sales of $616.8 million and net earnings of $23.3 million for its fiscal 2011 first quarter ended August 31, 2010. In last year’s first quarter, the diversified metals manufacturing company reported sales of $417.5 million and profit of $6.7 million.

"We had an excellent performance this quarter," CEO John P. McConnell said. "While the slowly rebounding economy helped with modestly increased volumes, Steel Processing had impressive results along with Pressure Cylinders and our WAVE joint venture."

Worthington employs 6,500 people and operates 65 facilities in 11 countries.

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