Metal Processor Worthington Industries' Third-Quarter 2009 Profit Plunges 91%, an Industrial Info News Alert

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Tue Apr 7, 2009 6:30am EDT 

  SUGAR LAND, TX, Apr 07 (MARKET WIRE) -- 
Researched by Industrial Info Resources (Sugar Land, Texas) --
Worthington Industries (NYSE:WOR) (Columbus, Ohio), a diversified
metal-processing company, recently reported a 91.3% drop in net income
for the third quarter of 2009. The company's quarterly profit fell to
$1.6 million, compared with $18.3 million in the previous year, on sales
of $501.1 million, down nearly 31% from $725.7 million year over year.
"All of our businesses are responding to the challenges of the severe
economic downturn," Chairman and CEO John McConnell said in a statement.

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