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Metal center chains post record quarterly results.

Publication: Metal Center News
Publication Date: 01-AUG-04
Format: Online
Delivery: Immediate Online Access
Full Article Title: Metal center chains post record quarterly results.(Service Center News)

Article Excerpt
Worthington Industries Inc. reported record-high results for the three- and 12-month periods ended May 31. For the quarter, sales exceeded $782.9 million, a 33 percent increase over the same period a year ago. For the year, sales of $2.37 billion represented a 7 percent increase from fiscal 2003 revenues.

Within the company's Processed Steel Products segment, quarterly net sales rose 25 percent to $438.8 million from a year ago, due to a 6 percent increase in volume, an 18 percent increase in selling prices and existing lower-priced inventories.

Fourth-quarter net earnings reached $39.4 million, a 2.5-fold improvement over the quarter ended...

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