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Worthington Industries' oil and gas business misses expectations for 2Q

2014-12-18 21:23:23| Steel - Topix.net

An oil and gas business at Worthington Industries Inc. did not meet expectations for the last quarter, but the company sees the problems as short-term, even as the industry continues to grapple with low prices. The Columbus company said its oil and gas equipment operation needs attention after suffering a product miss and high manufacturing costs, but the issues there and at a unrelated manufacturing facility are "controllable and temporary," CFO Andy Rose told analysts on the company's second-quarter 2015 earnings call.

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