Worthington Posts Strong Results, But Earnings Fall On One-Off Adjustments

This article was originally published on ValueWalk

Worthington Associated British Foods Sainsbury biggest container and packaging companies

Reported net sales of $1.5 billion for the first quarter during the fourth quarter. Net earnings came in at $80.3 million, or $1.61 per diluted share. Despite inventory holding losses, Worthington continues to produce strong results as the building and consumer products segments outperformed. Worthington’s products during the third quarter were affected by the semiconductor […]