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March 26, 2013
06:55 EDTWORWorthington upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Worthington to reflect earnings growth driven by richly valued product mix, increased cash flow generation, and its M&A driven growth strategy. Price target raised to $36 from $22.
News For WOR From The Last 14 Days
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March 25, 2015
17:10 EDTWORWorthington reports Q3 EPS (39c), may not compare to consensus 39c
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15:34 EDTWORNotable companies reporting after market close
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March 24, 2015
16:09 EDTWORWorthington announces closure of Engineered Cabs location
Worthington Industries announced that it will close its Florence, S.C. Engineered Cabs facility effective September 2015, impacting approximately 310 employees. It also announced a workforce reduction at its Oil and Gas Equipment locations in Garden City, Kan., Skiatook, Okla., and Bremen and Wooster, Ohio, impacting approximately 245 employees. The company will record a non-cash charge of approximately $81.6M for restructuring and the impairment of the goodwill, intangible and certain fixed assets of the Engineered Cabs business, and a $2.3M restructuring charge for severance benefits related to the workforce reductions at the Oil & Gas Equipment locations. Worthington Industries will be releasing third quarter results on Wednesday, March 25 after the market closes, followed by an analyst conference call at 10:30 a.m. ET on Thursday, March 26.

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