Worthington Q4 financials boosted by Pressure Cylinders division


Worthington Industries, Inc. has posted positive financials in its fiscal 2017 fourth quarter, boosted by a 6% sales lift in its Pressure Cylinders division.

For fiscal year ended May 2017, the company reported net sales of $3bn – a 7% increase driven primarily by higher average selling prices in Steel Processing. Fiscal Q4 2017, which ended 31st May, contributed $845.3m to this total.

Net sales in its Pressure Cylinders’ division totalled $231.5m in Q4, an increase of 6% over the year prior. The company attributes this $12.9m increase to higher contributions from the oil & gas equipment and industrial products businesses.

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