Webco Industries Q4 sales rise 20% but net income falls

By Reuters News


Overview

  • U.S. metal tubing maker's fiscal Q4 sales rose 20% yr/yr, net income declined

  • Gross profit margin for fiscal Q4 improved to $27.7 mln compared to last year

  • SG&A expenses increased due to higher incentive compensation and inflation


Outlook

  • Company did not provide specific guidance or commentary on future outlook


Result Drivers

  • HIGHER SG&A COSTS - Co said SG&A expenses rose due to increased incentive compensation, variable pay, and inflation in wages and other expenses


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

$189.70 mln

Q4 EPS

$7.35

Q4 Net Income

$5 mln

Q4 Capex

$1.80 mln

Q4 Gross Profit

$27.70 mln

Q4 Income from Operations

$7.70 mln


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


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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