Brief: Worthington Industries Reports Q4 Earnings Per Share $0.29

Worthington Industries

25/06/2020 12:00

June 25 (Reuters) - Worthington Industries Inc  WOR.N :
    * WORTHINGTON REPORTS FOURTH QUARTER FISCAL 2020 RESULTS
    * Q4 EARNINGS PER SHARE $0.29
    * Q4 SALES $611.6 MILLION
    * SAYS AS OF JUNE 25, OVER HALF OF FURLOUGHED EMPLOYEES HAVE
RETURNED TO WORK
    * DEMAND WAS IMPACTED BY COVID-19 RELATED SHUTDOWNS, & CO
TOOK
STEPS TO SIZE ITS WORKFORCE TO BETTER MATCH DEMAND ENVIRONMENT
    * WORTHINGTON INDUSTRIES - IMPLEMENTING A FURLOUGHS,
DESIGNED TO
ALLOW CO TO RAMP UP PRODUCTION WHEN MARKET CONDITIONS IMPROVE, &
PERMANENT WORKFORCE REDUCTIONS
    * WORTHINGTON INDUSTRIES - HAS TAKEN ADDITIONAL COST-CUTTING
MEASURES WHICH INCLUDE REDUCING DISCRETIONARY SPENDING INCLUDING
TRAVEL, IMPLEMENTING A FREEZE ON HIRING

Source text for Eikon:  ID:nGNX2tNvZf 
Further company coverage:  WOR.N 

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