06
Jun
18:02
Webco profits, sales tick up on year
US specialty piping producer Webco Industries saw both its profits and its sale rise year-on-year during the company’s fiscal third quarter, Kallanish reports.
For the quarter ended 30 April, Webco earned $6.6 million on sales of $145.7m, up from earnings of $5m on sales of $127.3m in fiscal Q3 2018.
Ceo Dana Weber attributes the on-year increase to a combination of healthy market conditions, favourable regulatory policies, and company innovation.
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Very good overview of the weekly steel market.
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