WEBCO INDUSTRIES, INC. REPORTS FISCAL 2025 FIRST QUARTER RESULTS
WEBCO INDUSTRIES INC (WEBC)
NASDAQ:AMEX Investor Relations:
webcotube.com/investor-relations
Company Research
Source: PR Newswire
SAND SPRINGS, Okla., Dec. 2, 2024 /PRNewswire/ -- Webco Industries, Inc. (OTC: WEBC) today reported results for our first quarter of fiscal year 2025, which ended October 31, 2024.For our first quarter of fiscal year 2025, we had a net loss of $0.1 million, or a loss of $0.13 per diluted share, while in our first quarter of fiscal year 2024, we had net income of $5.1 million, or $6.25 per diluted share. Net sales for the first quarter of fiscal 2025 were $141.4 million, a 10.4 percent decrease from the $157.8 million of sales in the first quarter of fiscal year 2024. Dana S. Weber, Chief Executive Officer and Board Chair, stated, "The domestic manufacturing economy has been worsening over the past year. Further, we have certain markets that are being adversely impacted by foreign imports. We continue to focus on positioning Webco for various economic environments and opportunities by maintaining a strong balance sheet and good liquidity and making compelling investments in our busin
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