Core Insights - Webco Industries, Inc. reported a net income of $0.5 million for the second quarter of fiscal year 2026, a significant recovery from a net loss of $2.0 million in the same quarter of fiscal year 2025 [1] - Net sales increased by 9.4% to $141.9 million in the second quarter of fiscal 2026, compared to $129.7 million in the second quarter of fiscal 2025 [1] - For the first six months of fiscal year 2026, net income reached $5.3 million, compared to a net loss of $2.1 million in the same period of the previous year [1] Financial Performance - The company achieved a gross profit of $16.3 million in the second quarter of fiscal 2026, representing 11.5% of net sales, up from $9.9 million or 7.6% of net sales in the second quarter of fiscal 2025 [1] - Selling, general and administrative (SG&A) expenses rose to $14.2 million in the second quarter of fiscal 2026, compared to $11.7 million in the same quarter of fiscal 2025 [1] - Interest expense increased to $1.4 million in the second quarter of fiscal 2026 from $1.2 million in the same quarter of fiscal 2025, attributed to higher average debt balances [1] Capital Expenditures and Cash Position - Capital expenditures for the second quarter of fiscal 2026 were $4.0 million, with a focus on plant equipment improvements [1] - As of January 31, 2026, the company had $18.3 million in cash and short-term investments, along with $67.9 million available under its $220 million senior revolving credit facility [1] Stock Repurchase Program - The company has a stock repurchase program with a limit of up to $40 million, which was refreshed in September 2023 and extended until July 31, 2026 [1] - During the second quarter of fiscal 2026, Webco repurchased 15,300 shares, with approximately $0.4 million of purchase authority remaining in the current program [1]

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]