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News Breaks | | | | January 3, 2013 | | 08:43 EDT |  | WOR | Worthington CEO comments on outlook
John McConnell, chairman and CEO said "We expect to see the normal seasonality in our traditional markets in Q3. "We do think that the delay by lawmakers in addressing the country's fiscal crisis has resulted in a pullback in some areas of the economy. While this may impact some of our cyclical businesses, we continue to anticipate good performance in our higher growth cylinder operations serving retail, alternative fuels and energy markets." McConnell added, "Our strategy to optimize our businesses continues across the company as the Transformation takes hold in Pressure Cylinders and is moving into the Engineered Cabs facilities. We anticipate improvements in both of these businesses over the next several quarters. We will also continue to look for other opportunities to grow the company organically and through new businesses." | |
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