Webco Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2022
March 08, 2022 at 02:39 am
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Webco Industries, Inc. reported earnings results for the second quarter and six months ended January 31, 2022. For the second quarter, the company reported sales was USD 173.39 million compared to USD 94.33 million a year ago. Net income was USD 9.53 million compared to net loss of USD 0.043 million a year ago. Basic earnings per share from continuing operations was USD 12.51 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 11.76 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the six months, sales was USD 340.93 million compared to USD 194.13 million a year ago. Net income was USD 24.13 million compared to net loss of USD 0.199 million a year ago. Basic earnings per share from continuing operations was USD 31.24 compared to basic loss per share from continuing operations of USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 29.4 compared to diluted loss per share from continuing operations of USD 0.24 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. 
