Webco Industries, Inc. Reports Earnings Results for the Fourth Quarter Ended July 31, 2021
September 23, 2021 at 10:36 pm EDT
Share
Webco Industries, Inc. announced earnings results for the fourth quarter ended July 31, 2021. For the fourth quarter, the company announced sales was USD 145.508 million compared to USD 89.126 million a year ago. Operating income was USD 17.050 million compared to operating loss of USD 1.856 million a year ago. Net income was USD 13.394 million compared to net loss of USD 1.103 million a year ago. Basic earnings per share from continuing operations was USD 16.47 compared to basic loss per share from continuing operations of USD 1.35 a year ago. Diluted earnings per share from continuing operations was USD 15.41 compared to diluted loss per share from continuing operations of USD 1.35 a year ago. For the full year, sales was USD 466.617 million compared to USD 428.830 million a year ago. Operating income was USD 26.015 million compared to USD 6.827 million a year ago. Net income was USD 19.700 million compared to USD 4.240 million a year ago. Basic earnings per share from continuing operations was USD 24.05 compared to USD 5.2 a year ago. Diluted earnings per share from continuing operations was USD 22.38 compared to USD 4.74 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. 
