Worthington says "actively pursuing" large opportunitiesThese opportunities are larger than the company's current Mozambique project. Comments take from the company's Q2 earnings conference call. :theflyonthewall.comNews For WOR From The Last 14 DaysCheck below for free stories on WOR the last two weeks. There are 9 items on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing.Worthington sees sharp increase in bookings from auto sector heading into 2012
Worthington says Q2 sales up 10% excluding divestitures and acquisitionsThe company reported Q2 sales down 2%. :theflyonthewall.com
Worthington acquires Angus Industries; expected to be accretive in first yearWorthington Industries announced that the Company has acquired the stock of Angus Industries, based in Watertown, S.D. Angus designs and manufactures high-quality, custom-engineered open and enclosed cabs and operator stations for a wide range of heavy mobile equipment in several end-markets, including agriculture, construction and mining. In addition to its South Dakota headquarters, the company operates facilities in Northwood, Iowa, Greeneville, Tenn. and Florence, S.C., with approximately 1,250 non-union employees...Angus had over $200Min revenue in 2011, and the acquisition is expected to be accretive to earnings in its first year...Worthington purchased Angus for $180 million in cash funded through its revolving credit facility, and proceeds from a $50 million special dividend recently received from its WAVE joint venture. Post-closing, Worthington has approximately $568 million of funded debt and availability under its revolving credit facilities of $184 million. :theflyonthewall.com
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