Webco Industries, Inc. Reports Earnings Results for the First Quarter Ended October 31, 2020
December 03, 2020 at 09:42 am EST
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Webco Industries, Inc. announced earnings results for the first quarter ended October 31, 2020. For the first quarter, the company announced sales was USD 99.800 million compared to USD 122.489 million a year ago. Operating income was USD 209,000 compared to USD 4.810 million a year ago. Net loss was USD 156,000 compared to net income of USD 3.163 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to basic earnings per share from continuing operations of USD 3.85 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to diluted earnings per share from continuing operations of USD 3.46 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. 
