Webco profits narrow despite higher sales

Jun 06, 2012 | 04:45 PM | Michael Cowden

Tags  Webco Industries, earnings, DAna Weber, Mike Howard, steel tubes, steel pipe, Michael Cowden

TORONTO — Webco Industries Inc. saw profits narrow in the third quarter despite increased sales as the company also confirmed that its new production facility in Sand Springs, Okla., was operational.

AMM reported earlier this month that Webco had officially opened the $55-million cold-drawn steel-tubing plant (AMM, June 4). The new facility began production in May, Webco chief executive officer Dana S. Weber said in a statement released with earnings data.....

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