Webco Industries, Inc. Reports Earnings Results for the First Quarter Ended October 31, 2021
November 30, 2021 at 04:30 pm EST
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Webco Industries, Inc. reported earnings results for the first quarter ended October 31, 2021. For the first quarter, the company reported sales was USD 167.54 million compared to USD 99.8 million a year ago. Net income was USD 14.6 million compared to net loss of USD 0.156 million a year ago. Basic earnings per share from continuing operations was USD 18.65 compared to basic loss per share from continuing operations of USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 17.41 compared to diluted loss per share from continuing operations of USD 0.19 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. 
