Webco Industries, Inc. Reports Earnings Results for the Third Quarter Ended April 30, 2021
June 07, 2021 at 09:44 pm
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Webco Industries, Inc. announced earnings results for the third quarter ended April 30, 2021. For the third quarter, the company announced sales was USD 126.983 million compared to USD 104.798 million a year ago. Operating income was USD 8.499 million compared to USD 550,000 a year ago. Net income was USD 6.504 million compared to USD 169,000 a year ago. Basic earnings per share from continuing operations was USD 7.8 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 7.32 compared to USD 0.19 a year ago. For the nine months, sales was USD 321.109 million compared to USD 339.704 million a year ago. Operating income was USD 8.964 million compared to USD 8.683 million a year ago. Net income was USD 6.305 million compared to USD 5.343 million a year ago. Basic earnings per share from continuing operations was USD 7.68 compared to USD 6.54 a year ago. Diluted earnings per share from continuing operations was USD 7.13 compared to USD 5.95 a year ago.
Webco Industries, Inc. is a full-service provider of carbon steel, stainless steel and other metal specialty tube products designed to industry and customer specification. Its tubing products consist primarily of pressure tubing, including heat exchanger and boiler tubing, and specialty tubing for use in consumer durable and capital goods. Its tubing products include specialty tubing and pressure tubing. Specialty tubing consists of metal tubular goods made of carbon and stainless steel, copper, brass, aluminum, and surgical steel. It provides tubing to a variety of end-use applications, such as instruments for the petrochemical industry, hydraulic cylinders, automotive components, oil and gas applications, and others. It is a service manufacturer and distributor of metal pressure tubing and pipe, which includes tubing utilized in heat exchanger, and piping applications. It supplies a variety of pressure tubing and pipe products for refining, petrochemical, chemical, and others.
WEBCO INDUSTRIES, INC. 
