Worthington profits soar amid acquisitions

Jan 03, 2013 | 03:34 PM | Corinna Petry

Tags  Worthington Industries, steel processor, earnings, John McConnell, inventory, pricing, MISA Metals USA

CHICAGO — Worthington Industries Inc.’s net income soared to more than $31.8 million in its fiscal second quarter from just under $12 million in the same period a year earlier on sales that increased 10.1 percent to $622.6 million.

"We had strong performances from most of our businesses in the (fiscal) second quarter, with volume increases in pressure cylinders and a steady performance from steel processing, offset by softness in engineered cabs," chairman and chief executive officer John McConnell said in a statement Thursday.....

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