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.

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