Webco Industries, Inc. reports recurring updates on its OTC-traded specialty metal tubing business under the WEBC symbol. The company manufactures and distributes carbon steel, stainless steel and other metal tubular products designed to industry and customer specifications, supported by tube production and value-added facilities in several U.S. states.
Company news primarily covers fiscal quarter and year-end operating results, including sales and earnings trends, as well as capital spending tied to stainless facilities. Updates also include board appointments and governance changes, alongside references to the Webco TechCenter™ and technical work for the metal tubing industry.
Webco Industries reported a net loss of $0.1 million or $0.05 per diluted share for Q2 of fiscal 2021, a decline from a net income of $2.0 million or $2.23 per diluted share in Q2 fiscal 2020. Net sales fell by 16.1% to $94.3 million. For the first six months, the company incurred a net loss of $0.2 million, compared to $5.2 million profit last year. Gross profit also decreased significantly. CEO Dana Weber noted recovery in non-energy sectors but acknowledged lower energy-related revenue.