23
Nov
17:25
Webco sees profits dip due to energy weakness
Carbon and stainless tubing maker Webco saw its fiscal first quarter results decay year on year due to continued weakness in the hydrocarbon sector and its relatively high-priced raw material inventory, Kallanish learns from the company’s quarterly earnings review.
The Sand Springs, Oklahoma-based company posted a loss of $1.2 million on sales of $92.3m in the quarter ended October 31. Last year, Webco posted a profit of $300,000 on sales of $106.1m…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous