The 2020 Mid-Year Economic Update_long

Webco Sales Up 1.1% in Fiscal Year 2015

Metal tube manufacturer sees profit more than double to $0.9 million.

Webco Industries Inc. (OTC: WEBC), Sand Springs, OK, reported sales for fiscal year 2015 of $414.1 million, a 1.1 percent increase over the same period a year ago. Profit increased 126.5 percent to $0.9 million for the year.

Fourth-quarter sales were $99 million, a 7.5 percent increase over the same period a year ago. Profit increased 43.9 percent to $1.2 million.

"We have reduced our expenses and working capital to an amount we believe is currently appropriate and are continuing to make investments that are intended to improve efficiencies, yields and quality," said Webco CEO Dana S. Weber.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.