Tulsa-Based Webco Posts Double-Digit Rise in Profits, Sales

Summary


Improved production and market pricing helped steel products producer Webco Industries record double-digit sales and earnings growth for its fiscal third quarter.

"Our current focus is on the volatility and substantial upward movement of carbon steel costs, and our ability to pass such cost increases to our customers," said Chairman and Chief Executive F. William Weber. "Our ability to pass along such increases to our customers will impact our level of success in the future."

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Extract


Tulsa-Based Webco Posts Double-Digit Rise in Profits, Sales

For the three months ended April 30, Webco net income surged 61 percent ...

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