Ohio-based diversified metal processing company Worthington Industries has reported net sales of $501.1 million for the third quarter of fiscal 2009, a decrease of 31% compared to net sales of $725.7 million for the same period of fiscal 2008.

The company’s net earnings were $1.6 million, or $0.02 per diluted share for the third quarter of fiscal 2009 compared to net earnings of $18.3 million, or $0.23 per diluted share for the same period of fiscal 2008.

The company posted net sales of $2,159.7 million for the nine-month period of fiscal 2009, a decrease of 2% compared to net sales of $2,198.3 million for the same period of fiscal 2008.

The company’s net loss was $94.5 million, or $1.20 per diluted share for the nine-month period of fiscal 2009 compared to net earnings of $53.2 million, or $0.65 per diluted share, for the same period of fiscal 2008.