Tulsa-based Webco Industries, Inc. has reported results for its fiscal 2007 third quarter ended April 30, 2007.
For its fiscal 2007 third quarter, the company reported net income of $2.1 million compared to $1.3 for the same quarter in fiscal 2006.
Net sales for the third quarter of fiscal 2007 were $82.4 million, a 12.0 percent increase over the $73.5 million in last year’s third quarter.
Net income for the first nine months of fiscal year 2007 was $5.7 million compared to $3.6 million for the same period in fiscal 2006.
Net sales for the first nine months of the current year amounted to $250.9 million, a 12.9 percent increase over the $222.3 million in sales for the same nine-month period of last year.
Webco is a manufacturer and distributor of carbon steel, stainless steel and other metal tubular products.