Be careful here Van. last Qtr they had a big beat and only went up 1% Very slight miss on revs.
They have bought Tempel since and this I think may be a SLIGHT problem Temple is really geared to the EV market.. and the whole EV thing is slowing down BIG TIME!! Each of these Co's is going to miss their goal for EV manufacturing. There is some elEctrical grid aspect to Tempel and thaT IS GOOD.
Worthington reports Q2 EPS $2.15, consensus $1.72 12/16/21 WOR Reports Q2 revenue $1.2B, consensus $1.25B. "
>> Worthington acquires Tempel Steel Company for $255M 12/01/21 WOR Worthington Industries announced that its Steel Processing segment has completed its acquisition of Tempel Steel Company, a global manufacturer of precision motor and transformer laminations for the electrical steel market that includes transformers, machine motors and electric vehicle motors. The purchase price was approximately $255M and adds five manufacturing facilities located in Chicago, Canada, China, India and Mexico. The transaction, funded primarily with existing cash, includes Tempel's headquarters and manufacturing operations in Chicago with additional manufacturing facilities in Burlington, Canada, Changzhou, China, Chennai, India and Monterrey, Mexico and adds 1,500 employees.