SOURCE: Industrial Info Resources

Industrial Info Resources

July 01, 2011 06:45 ET

Worthington Defies Weak Construction Industry to Boast Strong Results for Fiscal 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 1, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading diversified metals manufacturer Worthington Industries Incorporated (NYSE:WOR) (Columbus, Ohio) reported solid companywide gains in fiscal fourth-quarter and full-year 2011, as higher steel market prices and an increase in sales volumes in the Steel Processing and Pressure Cylinders segments drove improved results. Net earnings were reported to be $51.92 million for the quarter, a 57.05% increase from fiscal fourth-quarter 2010, and $115.07 million for the year, compared with $45.24 million in full-year 2010.

Worthington Armstrong Venture (WAVE), a joint venture with Armstrong World Industries (NYSE:AWI) that produces metal ceiling grids, contributed $16.1 million to total earnings.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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