Webco profits hurt by lower spot tags, shipment volumes

Dec 06, 2012 | 01:20 PM | Michael Cowden

Tags  Webco Industries, earnings, Dana S. Weber, capital expenditures, tubular products, Michael Cowden

CHICAGO — Weaker spot prices, lower volumes and a less-favorable product mix squeezed profits at Webco Industries Inc. in the company’s fiscal first quarter.

The Sand Springs, Okla.-based tubular products manufacturer and distributor posted net income of $1.71 million for the three months ended Oct. 31, down 39.3 percent from the same period last year on sales....

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