Worthington’s Posts Strong Results, But Earnings Fall On One-Off Adjustments
-Reported net sales of $1.5 billion for the first quarter during the fourth quarter.-Net earnings came in at $80.3 million, or $1.61 per diluted share.-Despite inventory holding losses, Worthington continues to produce strong results as the building and consumer products segments outperformed.-Worthington’s products during the third quarter were affected by the semiconductor shortage, which led…