WEBCO INDUSTRIES, INC. REPORTS FISCAL 2026 FIRST QUARTER RESULTS

Core Insights - Webco Industries, Inc. reported a net income of $4.8 million for the first quarter of fiscal year 2026, a significant recovery from a net loss of $0.1 million in the same quarter of the previous year [2] - Net sales increased by 13.0% to $159.7 million compared to $141.4 million in the first quarter of fiscal year 2025 [2] - The company experienced a gross profit of $21.0 million, representing 13.2% of net sales, up from $13.6 million or 9.7% of net sales in the prior year [2] Financial Performance - Income from operations for the first quarter of fiscal year 2026 was $7.4 million, compared to $1.1 million in the same quarter of fiscal year 2025 [2][3] - Selling, general and administrative (SG&A) expenses rose to $13.6 million in the first quarter of fiscal year 2026 from $12.6 million in the prior year [2] - Interest expense increased to $1.4 million in the first quarter of fiscal year 2026 from $1.2 million in the same quarter of fiscal year 2025 [3] Capital Expenditures and Investments - Capital expenditures for the first quarter of fiscal year 2026 were $3.5 million, primarily focused on expansion at stainless facilities [3] - As of October 31, 2025, the company had $80.8 million in total cash, short-term investments, and available credit, which is viewed as a competitive advantage [2][3] Stock Repurchase Program - The stock repurchase program was refreshed in September 2023 with a new limit of up to $40 million, set to expire on July 31, 2026 [4] - The company repurchased 3,000 shares in the first quarter of fiscal year 2026 and 167,000 shares in fiscal year 2025 [4] Company Overview - Webco Industries specializes in high-quality carbon steel, stainless steel, and other metal specialty tubing products, serving customers globally [4][5] - The company operates five tube production facilities in Oklahoma and Pennsylvania, along with eight value-added facilities across several states [5]