Webco Industries, Inc. (WEBC) Reports Fourth Quarter and Year-End Results
Yesterday, Webco Industries, Inc. reported results for their fiscal 2010 fourth quarter and fiscal year ended July 31, 2010. Webco is a manufacturer and value added distributor of high-quality carbon steel, stainless steel and other metal tubular products designed to industry and customer specifications. For their fiscal 2010 fourth quarter, Webco Industries, Inc. reported net income of $1,700,000, or $2.21 per diluted share, compared to a net loss of $16,000, or a loss of $0.02 per diluted share, for the same quarter in fiscal 2009. Net sales for the fourth quarter of fiscal 2010 were $97.2 million, a 73.4 percent…