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Worthington Industries Inc. (Earnings & Stock News).(Brief Article)(Statistical Data Included)

Business First-Columbus

| December 21, 2001 | COPYRIGHT 1989 Business First of Columbus, Inc. (Hide copyright information)Copyright

Better cost control helped Worthington Industries Inc. offset a 10 percent decline in sales in the second quarter. The Columbus-based steel processor said sales in the three months ended Nov. 30 were $410.4 million, compared with $457.4 million last year. The company said despite the sales slump, its profit in the quarter was up 65 percent to $11.3 million, from $6.9 million last year. Share earnings totaled 13 cents compared with 8 cents a year ago. The company said it did a better job controlling expenses, especially financing costs, to increase its profit despite the ongoing recession, which has depressed sales and …

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Magazine article from: Business First-Columbus December 7, 2001 700+ words
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