Webco Industries Inc, a value added distributor of carbon steel, stainless steel and other metal tubular products, reported significantly higher net income in Q3 2011 ended April 30th 2011.

Net income totaled USD 7.7 million in Q3 2011, up from net income of USD 1 million in fiscal Q3 2010 as net sales jumped 45.2% YoY to USD 120.4 million. Financial results in the first nine months of 2011 are even more dramatic.

Net income for the first nine months of fiscal 2011 amounted to USD 19.1 million as compared to net income of USD 1.6 million over the same period in fiscal 2010.

(Sourced from Steel Orbis)
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