WORTHINGTON INDUSTRIES, INC WOR Income Statement

Worthington industries, inc (WOR)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09
Net sales
763,996	827,637	855,859	938,842	874,381	958,226	988,107	1,020,460	841,657	871,266	848,237	845,343	703,436	727,780	737,549	714,671	647,080	699,816	758,147	846,023	804,785	871,012	862,414	891,005	773,230	769,900	692,291	704,060	619,527	622,622	666,035	755,407	611,255	565,652	602,387	675,693	569,439	580,687	616,805	626,413	451,113	447,981	417,527
Cost of goods sold
648,451	707,026	738,568	812,839	784,360	837,292	845,110	857,514	714,603	731,187	715,459	690,513	592,446	604,977	590,267	580,196	551,157	590,637	645,131	735,711	706,294	745,789	732,907	760,169	650,743	641,668	581,327	592,950	522,501	527,766	572,384	633,939	527,923	509,046	530,925	556,523	481,185	510,868	537,891	520,630	393,399	380,748	368,327
Gross margin
115,545	120,611	117,291	126,003	90,021	120,934	142,997	162,946	127,054	140,079	132,778	154,830	110,990	122,803	147,282	134,475	95,923	109,179	113,016	110,312	98,491	125,223	129,507	130,836	122,487	128,232	110,964	111,110	97,026	94,856	93,651	121,468	83,332	56,606	71,462	119,170	88,254	69,819	78,914	105,783	57,714	67,233	49,200
Selling, general and administrative expense
80,928	88,543	90,823	87,863	75,220	84,668	90,641	105,492	84,294	89,425	88,249	83,554	75,276	76,487	81,056	78,580	70,149	72,722	75,951	76,593	66,764	77,308	75,255	74,781	75,680	78,395	71,540	70,580	63,221	65,101	59,422	64,318	62,489	52,901	45,361	61,680	59,769	56,971	56,778	62,673	57,519	48,098	50,025
Impairment of long-lived assets
34,627	0	40,601	5,436	0	0	2,381	-	-	8,289	-	-	-	-	-	0	0	22,962	3,000	2,344	81,600	14,235	1,950	22,871	0	30,734	4,641	4,968	0	-50	1,570	-	-	-	-	-	-	-	-	-	32,706	2,703	-
Restructuring and other expense (income), net
1,376	-50	455	692	-11,176	402	-936	-28	-3	-9,694	2,304	417	1,394	3,272	1,328	1,883	702	1,523	3,069	4,162	2,177	488	100	1,905	1,398	-1,182	-3,997	1,482	146	1,262	403	1,277	956	2,048	1,703	1,201	464	-76	1,064	503	2,775	-2,661	3,626
Joint venture transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120	786	142	584	253	-279	-1,162	-3,985	1,812	-1,192	3,215	-	-	-	-	-	-	-	-
Operating income (loss)
-1,386	32,118	-14,588	32,012	25,977	35,864	50,911	4,563	42,763	52,059	42,225	70,859	34,320	43,044	64,898	54,012	25,072	11,972	30,996	27,213	-52,050	33,192	52,202	32,327	45,289	19,499	38,638	33,496	33,406	28,822	33,418	59,503	18,075	2,849	21,183	62,339	28,021	12,924	21,072	42,607	-35,286	19,093	-4,451
Other income (expense):
Miscellaneous income, net
6,985	636	695	494	525	1,432	265	-173	1,500	1,321	348	1,280	749	872	863	7,544	3,305	996	-578	-961	213	1,220	323	3,066	488	2,472	10,937	388	596	303	165	911	728	279	401	953	-219	-94	-43	-109	-134	-325	1,695
Interest expense
7,362	7,315	9,480	9,522	9,341	9,472	9,728	10,055	9,775	10,038	8,807	6,594	7,674	7,658	7,870	8,131	7,886	7,799	7,854	8,227	8,381	9,676	9,516	7,977	6,196	6,258	6,240	6,167	6,158	6,334	5,259	4,980	5,073	4,756	4,688	4,677	4,533	4,838	4,708	3,086	1,889	2,048	2,511
Loss on extinguishment of debt
0	0	-4,034	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in net income of unconsolidated affiliates
25,479	47,346	24,767	25,142	20,802	21,087	30,008	39,618	19,770	16,445	27,306	25,673	22,697	27,124	34,544	34,144	24,994	29,247	26,581	18,433	18,800	22,319	27,924	22,233	21,186	21,086	26,951	21,044	25,716	25,221	22,643	22,211	24,005	21,912	24,697	24,863	16,958	16,223	18,289	18,759	14,560	15,138	16,144
Earnings before income taxes
23,716	72,785	-2,640	48,126	37,963	48,911	71,456	33,953	54,258	59,787	61,072	91,218	50,092	63,382	92,435	87,569	45,485	34,416	49,145	36,458	-41,418	47,055	70,933	49,649	60,767	36,799	70,286	48,761	53,560	48,012	50,967	77,645	37,735	20,284	41,593	83,478	40,227	24,215	34,610	58,171	-22,749	31,858	10,877
Income tax expense
4,828	15,863	-185	9,151	8,415	11,119	14,498	1,096	-24,039	18,165	12,998	30,635	11,141	13,515	23,899	24,830	11,342	8,665	14,150	6,232	-18,173	15,600	22,113	18,401	16,556	8,459	13,933	16,744	16,229	15,390	16,102	23,232	9,337	6,083	13,252	28,914	11,893	7,332	10,357	22,778	-6,650	7,240	3,282
Net earnings
18,888	56,922	-2,455	38,975	29,548	37,792	56,958	32,857	78,297	41,622	48,074	60,583	38,951	49,867	68,536	62,739	34,143	25,751	34,995	30,226	-23,245	31,455	48,820	31,248	44,211	28,340	56,353	32,017	37,331	32,622	34,865	54,413	28,398	14,201	28,341	54,564	28,334	16,883	24,253	35,393	-16,099	24,618	7,595
Net earnings attributable to noncontrolling interests
3,577	4,836	2,321	1,237	2,775	3,790	2,016	2,088	-791	2,219	2,540	4,089	3,062	3,302	2,969	4,215	4,296	2,375	3,027	1,361	2,465	1,993	4,652	-1,915	3,608	5,363	1,796	-1,506	200	796	903	2,336	2,518	2,216	2,688	2,647	2,008	2,414	1,899	2,336	1,641	1,369	920
Net earnings attributable to controlling interest
15,311	52,086	-4,776	37,738	26,773	34,002	54,942	30,769	79,088	39,403	45,534	56,494	35,889	46,565	65,567	58,524	29,847	23,376	31,968	28,865	-25,710	29,462	44,168	33,163	40,603	22,977	54,557	33,523	37,131	31,826	33,962	52,077	25,880	11,985	25,653	51,917	26,326	14,469	22,354	33,057	-17,740	23,249	6,675
Basic
Average common shares outstanding
54,930	55,059	55,241	55,859	56,478	57,716	58,731	59,362	60,383	61,503	62,444	62,789	62,750	62,348	61,885	61,460	61,747	62,676	63,993	64,205	66,359	67,105	67,567	67,976	68,895	69,304	69,601	70,201	69,791	68,934	68,278	68,764	68,972	69,350	71,518	73,321	74,171	74,062	77,658	79,201	79,146	79,096	79,065
Earnings per share attributable to controlling interest
0.28	0.95	-0.09	0.68	0.47	0.59	0.94	0.52	1.31	0.64	0.73	0.90	0.57	0.75	1.06	0.95	0.48	0.37	0.50	0.46	-0.39	0.44	0.65	0.49	0.59	0.33	0.78	0.48	0.53	0.46	0.50	0.75	0.38	0.17	0.36	0.70	0.35	0.20	0.29	-	-0.22	-	-
Diluted
Average common shares outstanding
55,898	56,072	55,241	57,359	57,974	59,338	60,621	61,765	62,345	63,468	64,590	65,457	64,977	64,725	64,337	64,421	63,871	64,663	66,065	68,654	66,359	69,181	69,738	71,219	71,528	71,826	72,083	73,360	71,914	70,411	69,571	69,725	69,509	69,356	72,418	74,878	75,001	74,077	77,680	79,236	79,146	79,109	79,081
Earnings per share attributable to controlling interest
0.27	0.93	-0.09	0.67	0.46	0.57	0.91	0.50	1.27	0.62	0.70	0.86	0.55	0.72	1.02	0.91	0.47	0.36	0.48	0.45	-0.39	0.43	0.63	0.46	0.57	0.32	0.76	0.45	0.52	0.45	0.49	0.76	0.37	0.17	0.35	0.69	0.35	0.20	0.29	-	-0.22	-	-
Common shares outstanding at end of period
-	-	54,871	-	-	-	58,389	-	59,802	60,755	62,144	-	62,776	62,562	62,179	-	61,285	62,101	63,343	-	65,078	66,912	67,424	-	68,302	69,138	69,373	-	70,168	69,060	68,679	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared per share
0.24	0.24	0.24	-	0.23	0.23	0.23	-	0.21	0.21	0.21	-	0.20	0.20	0.20	-	0.19	0.19	0.19	-	0.18	0.18	0.18	-	0.15	0.15	0.15	-	0.26	0.13	0.13	-	0.12	0.12	0.12	-	0.10	0.10	0.10	-	0.10	-	-