Worthington Shares Surge on Higher Sales, Profit

Dow Jones
09/23
 

Shares of Worthington Enterprises rose after the company logged higher sales and profit in the fiscal first quarter.

The stock rallied 15% to $67.79 in after-hours trading on Tuesday. Through the close shares are up 13% this year.

The building products maker said revenue increased 13% to $343.9 million in the fiscal first quarter. Analysts surveyed by FactSet were expecting $331.3 million.

Profit was $42.6 million, or 87 cents a share, compared with $35.1 million, or 70 cents a share, the year before.

Adjusted earnings per share 82 cents a share, ahead of the 75 cents a share projected by Wall Street analysts.

The company benefited from $4 million in tariff refunds, and a boost of $192 million in net sales from recent acquisitions.

Sales within building performance solutions increased 16%, driven primarily by acquisitions. Trade and specialty solutions revenue was up 8%, thanks to higher volume and higher average selling prices.

 
 

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10