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Worthington Industries profit falls sharply

2015-09-24 00:48:33| Steel - Topix.net

The Ohio-based company reported a profit of $34.4 million, or 48 cents a share, compared with $48.8 million, or 63 cents a share, a year earlier. Worthington recorded $6.1 million, or six cents a share, in restructuring charges in the latest period, including $4.9 million tied to the pending closure of an Engineered Cabs facility in Florence, S.C. Analysts surveyed by Thomson Reuters had projected a profit of 51 cents a share on $844.96 million in revenue.

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