Webco Industries swings to Q2 net income, sales rise

0.00%

WEBCO INDUSTRIES INC

WEBC

255.00

0.00%

Overview

Metal tubing maker's fiscal Q2 sales rose 9.4% yr/yr
Net income for fiscal Q2 reached $0.5 mln, reversing prior yr loss
Company repurchased 15,300 shares in fiscal Q2

Outlook

Company did not provide specific guidance for future quarters or fiscal year in its press release

Result Drivers

HIGHER GROSS PROFIT - Gross profit increased to $16.3 mln, or 11.5% of net sales, from $9.9 mln, or 7.6% of net sales, in prior yr qtr
INCREASED SG&A EXPENSES - SG&A expenses rose to $14.2 mln due to higher incentive compensation and inflation in wages

Company press release: ID:nPnXxYfza

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Sales		$141.9 mln
Q2 EPS		$0.79
Q2 Net Income		$549,000
Q2 Capex		$4 mln
Q2 Gross Profit		$16.3 mln
Q2 Income from Operations		$2.1 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.