26
Sep
15:34
Webco nearly quadruples fiscal 2018 profit
US specialty tubing company Webco Industries posted a hefty net profit for fiscal 2018, driven largely by trade-related developments, Kallanish learns from the company's year-end earnings review.
In the fiscal year ended 31 July, Webco earned $23.3 million on sales of $500.4m, up from a profit of $5.6m on sales of $384.9m in fiscal 2017.
"Volumes and margins are improved in many product groups, due to a better domestic industrial economy, consequence…
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Very good overview of the weekly steel market.
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