WEBCO INDUSTRIES, INC. REPORTS FISCAL 2024 SECOND QUARTER RESULTS
WEBCO INDUSTRIES INC (WEBC)
NASDAQ:AMEX Investor Relations:
webcotube.com/investor-relations
Company Research
Source: PR Newswire
SAND SPRINGS, Okla., March 5, 2024 /PRNewswire/ -- Webco Industries, Inc. (OTC: WEBC) today reported results for our second quarter of fiscal year 2024, which ended January 31, 2024.For our second quarter of fiscal year 2024, we had a net income of $0.3 million, or $0.42 per diluted share, while in our second quarter of fiscal year 2023, we had net income of $3.5 million, or $4.43 per diluted share. Net sales for the second quarter of fiscal 2024 were $146.0 million, a 15.8 percent decrease from the $173.4 million of sales in the second quarter of fiscal year 2023. For the first six months of fiscal year 2024, we generated a net income of $5.4 million, or $6.69 per diluted share, compared to a net income of $11.9 million, or $14.97 per diluted share, for the same period in fiscal year 2023. Net sales for the first six months of the current year amounted to $303.8 million, a 16.0 percent decrease from the $361.9 million in sales for the same six-month period of last year.Dana S. Webe
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