Webco Industries Q4 sales rise 20% but net income falls
Webco Industries Q4 sales rise 20% but net income falls
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: ID:nPnb233xa
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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(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.)