Webco Industries, Inc. reported third quarter net income of $6.4 million, or $7.49 per share, compared to $6.4 million, or $7.91 per share, last year. Net sales were $153.2 million, a 9.1 percent decrease from the $168.6 million, a year ago.
Dana Weber, CEO, said: "The current quarter, while improved from the second quarter of fiscal year 2024, was slower than we have experienced in the past several years, which is consistent with our view of the overall domestic manufacturing economy. Further, we have certain markets that are being adversely impacted by foreign imports."
As of April 30, 2024, the company had $19.8 million in cash and short-term investments, in addition to $67.6 million of available borrowing under $220 million senior revolving credit facility.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.