Newspaper article THE JOURNAL RECORD

Webco Reports Quarterly Loss

Newspaper article THE JOURNAL RECORD

Webco Reports Quarterly Loss

Article excerpt

SAND SPRINGS - Webco Industries on Friday reported a net loss for the third fiscal quarter ended April 30 of $234,000, or 29 cents per diluted share, compared with net income of $520,000, or 64 cents per diluted share, for the third quarter of the previous fiscal year.

Sales for the quarter totaled $78.5 million, down 23.8 percent from $103 million a year earlier.

The Sand Springs-based manufacturer of tubular products reported a net loss for the first nine months of the fiscal year of $2.6 million, or $3.19 per diluted share, compared with net income of $217,000, or 27 cents per diluted share, for the first nine months of the previous fiscal year.

Sales for the first nine months of the fiscal year totaled $246.3 million, down 21. …

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