{"success":true,"data":{"pressRelease":{"id":"153423","rtpr_id":"nPnb233xa-20260925","ticker":"WEBC","exchange":"OTC","all_tickers":["WEBC"],"title":"WEBCO INDUSTRIES, INC. REPORTS FISCAL 2026 FOURTH QUARTER AND YEAR END RESULTS","author":"PR Newswire","published_at":"2026-09-25T22:45:18.534Z","article_body":"WEBCO INDUSTRIES, INC. REPORTS FISCAL 2026 FOURTH QUARTER AND YEAR END RESULTS\nPR Newswire\n\nSAND SPRINGS, Okla., Sep 25, 2026\n\nSAND SPRINGS, Okla., Sept. 25, 2026 /PRNewswire/ -- Webco Industries, Inc.\n(OTC: WEBC) today reported results for our fourth fiscal quarter and year\nended July 31, 2026.\n\nFor our fourth quarter of fiscal year 2026, we had net income of $5.0 million,\nor $7.35 per diluted share, while in our fourth quarter of fiscal year 2025,\nwe had net income of $6.5 million, or $9.18 per diluted share. Net sales for\nthe fourth quarter of fiscal 2026 were $189.7 million, a 19.9 percent increase\nfrom the $158.2 million in sales in the fourth quarter of fiscal year 2025.\n\nFor fiscal year 2026, we generated net income of $18.3 million, or $26.50 per\ndiluted share, compared to a net income of $9.3 million, or $12.30 per diluted\nshare, in fiscal year 2025. Net sales for the current fiscal year totaled\n$670.9 million, a 14.8 percent increase from the $584.7 million in sales for\nlast year.\n\nIn the fourth quarter of fiscal year 2026, we had income from operations of\n$7.7 million after depreciation of $5.1 million. The fourth fiscal quarter of\nthe prior year generated income from operations of $9.0 million after\ndepreciation of $4.8 million. Gross profit for the fourth quarter of fiscal\n2026 was $27.7 million, or 14.6 percent of net sales, compared to $22.0\nmillion, or 13.9 percent of net sales, for the fourth quarter of fiscal year\n2025.\n\nOur income from operations for fiscal year 2026 was $28.0 million, after\ndepreciation expense of $20.0 million. Income from operations in fiscal year\n2025 was $16.6 million, after depreciation expense of $19.0 million. Gross\nprofit for fiscal 2026 was $94.0 million, or 14.0 percent of net sales,\ncompared to $66.8 million, or 11.4 percent of net sales for fiscal year 2025.\n\nSelling, general and administrative expenses were $20.0 million in the fourth\nquarter of fiscal 2026 and $12.9 million in the fourth quarter of fiscal 2025.\nSG&A expenses were $66.0 million in fiscal year 2026 and $50.2 million for\nfiscal year 2025. SG&A expenses reflect increases in costs related to\nhigher profitability, such as company-wide incentive compensation and variable\npay programs, plus inflation we have experienced in wages and other expenses.\n\nInterest expense was $1.5 million in the fourth quarter of fiscal year 2026\nand $1.4 million in the same quarter of fiscal year 2025. Interest expense was\n$5.9 million and $5.3 million in the current and prior fiscal years,\nrespectively. Interest expense increased due to higher average debt balances\nthan in the prior fiscal periods.\n\nCapital expenditures incurred amounted to $1.8 million in the fourth quarter\nof fiscal year 2026 and $15.4 million for fiscal year 2026. Capital spending\nin fiscal year 2026 has been focused on plant equipment updates and\nimprovements.\n\nAt July 31, 2026, we had $9.1 million in cash and short-term investments, in\naddition to $112.9 million of available borrowing under our $220 million\nsenior revolving credit facility. Availability on the revolver, which had\n$89.3 million drawn at July 31, 2026, is subject to advance rates on eligible\naccounts receivable and inventories. In February 2026, we extended the\nmaturity on our debt agreement to February 2031. Accounting rules require\nasset-based debt agreements like our revolver to be classified as a current\nliability, despite its fiscal year 2031 maturity.\n\nWebco's stock repurchase program authorizes the purchase of our outstanding\ncommon stock in private or open market transactions. In March 2026, the\nCompany's Board of Directors refreshed the repurchase program with a new limit\nof up to $6.0 million and extended the program's expiration until July 31,\n2029. We purchased 11,900 shares of our stock during the fourth quarter of\nfiscal year 2026 and 33,800 shares in fiscal year 2026. At July 31, 2026,\nthere was approximately $1.6 million of purchase authority left in the current\nstock repurchase program. The repurchase plan may be extended, suspended or\ndiscontinued at any time, without notice, at the Board's discretion.\n\nWebco's mission is to continuously build on our strengths as we create a\nvibrant company for the ages. We leverage our core values of trust and\nteamwork, continuously building strength, agility and innovation. We focus on\npractices that support our brand such that we are 100% engaged every day to\nbuild a forever kind of company for our Trusted Teammates, customers, business\npartners, investors and community. We provide high-quality carbon steel,\nstainless steel and other metal specialty tubing products designed to industry\nand customer specifications. We have five tube production facilities in\nOklahoma and Pennsylvania and eight value-added facilities in Oklahoma,\nIllinois, Michigan, Pennsylvania and Texas, serving customers globally. Our F.\nWilliam Weber Leadership Campus is in Sand Springs, Oklahoma and houses our\ncorporate offices and our Webco TechCenter™, providing a state-of-the-art\nlaboratory and R & D facility to lead and develop technical solutions for\nthe metal tubing industry.\n\nRisk Factors and Forward-looking statements: Certain statements in this\nrelease, including, but not limited to, those preceded by or predicated upon\nthe words \"anticipates,\" \"appears,\" \"believes,\" \"estimates,\" \"expects,\"\n\"forever,\" \"hopes,\" \"intends,\" \"plans,\" \"projects,\" \"pursue,\" \"should,\"\n\"will,\" \"wishes,\" or similar words may constitute \"forward-looking\nstatements.\" Such forward-looking statements involve known and unknown risks,\nuncertainties and other important factors that could cause the actual results,\nperformance or achievements of the Company, or industry results, to differ\nmaterially from any future results, performance or achievements expressed or\nimplied herein. Such risks, uncertainties and factors include the factors\ndiscussed above and, among others: general economic and business conditions,\nincluding any global economic downturn; government policy or low hydrocarbon\nprices that stifle domestic investment in energy; competition from foreign\nimports, including any impacts associated with dumping or the strength of the\nU.S. dollar; political or social environments that are unfriendly to\nindustrial or energy-related businesses; changes in manufacturing technology;\nthe banking environment, including availability of adequate financing;\nworldwide and domestic monetary policy; changes in tax rates and regulation;\nregulatory and permitting requirements, including, but not limited to,\nenvironmental, workforce, healthcare, safety and national security;\navailability and cost of adequate qualified and competent personnel; changes\nin import / export tariff or restrictions; volatility in raw material cost and\navailability for the Company, its customers and vendors; the cost and\navailability, including time for delivery, of parts and services necessary to\nmaintain equipment essential to the Company's manufacturing activities; the\ncost and availability of manufacturing supplies, including process gases;\nvolatility in oil, natural gas and power cost and availability; world-wide or\nnational transition from hydrocarbon sources of energy that adversely impact\ndemand for our products; problems associated with product development efforts;\nsignificant shifts in product demand away from internal combustion engine\nautomobiles; appraised values of inventories that can impact available\nborrowing under the Company's credit facility; declaration of material adverse\nchange by a lender; industry capacity; domestic competition; loss of, or\nreductions in, purchases by significant customers and customer work stoppages;\nwork stoppages by critical suppliers; labor unrest; conditions, including acts\nof God, that require more costly transportation of raw materials; accidents,\nequipment failures and insured or uninsured casualties; third-party product\nliability claims; flood, tornado, winter storms and other natural disasters;\ncustomer or supplier bankruptcy; customer or supplier declarations of force\nmajeure; customer or supplier breach of contract; insurance cost and\navailability; lack of insurance coverage for floods; the cost associated with\nproviding healthcare benefits to employees; customer claims; supplier quality\nor delivery problems; technical and data processing capabilities; cyberattack\non our information technology infrastructure; world, domestic or regional\nhealth crises; vaccine mandates or related governmental policy that would\ncause significant portions of our workforce, or that of our customers or\nvendors, to leave their current employment; global or regional wars and\nconflicts; our inability or unwillingness to comply with rules required to\nmaintain the quotation of our shares on any market place; and our inability to\nrepurchase the Company's stock. The Company assumes no obligation to publicly\nupdate any such forward-looking statements. No assurance is provided that\ncurrent results are indicative of those that will be realized in the future.\n\nTABLES FOLLOW\n WEBCO INDUSTRIES, INC. AND SUBSIDIARIES\n\nCONSOLIDATED STATEMENT OF OPERATIONS\n\n(Dollars in thousands, except per share data – Unaudited)\n\n                                                 Three Months Ended                                   Fiscal Year Ended\n\nJuly 31,\nJuly 31,\n                                                 2026                        2025                    2026                        2025\n\n Net sales                                       $   189,726                 $   158,211             $   670,934                 $   584,678\n Cost of sales                                   162,018                     136,255                 576,918                     517,896\n\n Gross profit                                    27,709                      21,956                  94,015                      66,782\n Selling, general & administrative expenses      20,045                      12,937                  66,030                      50,196\n\n Income (loss) from operations                   7,664                       9,018                   27,985                      16,586\n Interest expense                                1,507                       1,419                   5,918                       5,317\n\n Pretax income (loss)                            6,156                       7,600                   22,067                      11,269\n Provision for (benefit from) income taxes       1,125                       1,132                   3,723                       1,948\n\n Net income (loss)                               $      5,031                $     6,468             $    18,345                 $      9,321\n\n Net income (loss) per share:\n      Basic                                      $      7.75                 $        9.79           $      28.11                $      13.21\n      Diluted                                    $      7.35                 $        9.18           $      26.50                $      12.30\n\n Weighted average common shares outstanding:\n      Basic                                      649,000                     661,000                 653,000                     705,000\n      Diluted                                    685,000                     704,000                 692,000                     758,000\n\n \n CONSOLIDATED CASH FLOW DATA\n\n(Dollars in thousands – Unaudited)\n\n                                     Three Months Ended                               Fiscal Year Ended\n\nJuly 31,\nJuly 31,\n                                     2026                      2025                   2026                      2025\n\n Net cash provided by (used in)      $   13,127                $     19,417           $    (3,880)              $      35,965\n\n     operating activities\n Depreciation and amortization       $     5,106               $       4,886          $     20,235              $      19,097\n Cash paid for capital expenditures  $     2,157               $       3,985          $     15,801              $      19,946\n\n Notes: Amounts may not sum due to rounding.\n\n                             WEBCO INDUSTRIES, INC. AND SUBSIDIARIES\n\nCONSOLIDATED BALANCE SHEETS\n\n(Dollars in thousands - Unaudited)\n\n                                                                             July 31,                           July 31,\n                                                                             2026                               2025\n\n Current assets:\n                             Cash                                            $         349                      $       1,894\n                             U.S. Treasury Bonds                             8,734                              13,235\n                             Accounts receivable                             90,106                             73,004\n                             Inventories, net                                226,263                            188,943\n                             Prepaid expenses                                3,925                              4,502\n                             Total current assets                            329,377                            281,579\n\n Property, plant and equipment, net                                          163,362                            167,275\n Right of use, finance leases, net                                           1,479                              1,000\n Right of use, operating leases, net                                         20,212                             20,793\n Other long-term assets                                                      20,394                             18,605\n\n Total assets                                                                $   534,823                        $   489,251\n\n Current liabilities:\n                             Accounts payable                                $     49,172                       $     51,742\n                             Accrued liabilities                             41,690                             31,380\n                             Current portion of long-term debt, net          88,885                             65,636\n                             Current portion of finance lease liabilities    517                                459\n                             Current portion of operating lease liabilities  5,612                              5,367\n                             Total current liabilities                       185,876                            154,585\n\n Long-term debt, net of current portion                                      20,000                             20,000\n Finance lease liabilities, net of current portion                           1,018                              592\n Operating lease liabilities, net of current portion                         14,256                             15,545\n Deferred tax liability                                                      1,969                              -\n\n Stockholders' equity:\n                             Common stock                                    7                                  7\n                             Additional paid-in capital                      48,151                             47,007\n                             Retained earnings                               263,277                            251,515\n                             Total stockholders' equity                      311,434                            298,529\n\n Total liabilities and stockholders' equity                                  $   534,823                        $   489,251\n\n Notes: Amounts may not sum due to rounding.\n\n FOR:                          WEBCO INDUSTRIES, INC.\n CONTACT:                      Mike Howard\n                               Chief Financial Officer\n                               (918) 241-1094\n                               mhoward@webcotube.com (mailto:mhoward@webcotube.com)\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/webco-industries-inc-reports-fiscal-2026-fourth-quarter-and-year-end-results-302890674.html\n(https://www.prnewswire.com/news-releases/webco-industries-inc-reports-fiscal-2026-fourth-quarter-and-year-end-results-302890674.html)\n\nSOURCE Webco Industries, Inc.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnb233xa-20260925","title":"WEBCO INDUSTRIES, INC. REPORTS FISCAL 2026 FOURTH QUARTER AND YEAR END RESULTS","author":"PR Newswire","ticker":"WEBC","created":"2026-09-25T22:45:18.534Z","tickers":["WEBC"],"exchange":"OTC","article_body":"WEBCO INDUSTRIES, INC. REPORTS FISCAL 2026 FOURTH QUARTER AND YEAR END RESULTS\nPR Newswire\n\nSAND SPRINGS, Okla., Sep 25, 2026\n\nSAND SPRINGS, Okla., Sept. 25, 2026 /PRNewswire/ -- Webco Industries, Inc.\n(OTC: WEBC) today reported results for our fourth fiscal quarter and year\nended July 31, 2026.\n\nFor our fourth quarter of fiscal year 2026, we had net income of $5.0 million,\nor $7.35 per diluted share, while in our fourth quarter of fiscal year 2025,\nwe had net income of $6.5 million, or $9.18 per diluted share. Net sales for\nthe fourth quarter of fiscal 2026 were $189.7 million, a 19.9 percent increase\nfrom the $158.2 million in sales in the fourth quarter of fiscal year 2025.\n\nFor fiscal year 2026, we generated net income of $18.3 million, or $26.50 per\ndiluted share, compared to a net income of $9.3 million, or $12.30 per diluted\nshare, in fiscal year 2025. Net sales for the current fiscal year totaled\n$670.9 million, a 14.8 percent increase from the $584.7 million in sales for\nlast year.\n\nIn the fourth quarter of fiscal year 2026, we had income from operations of\n$7.7 million after depreciation of $5.1 million. The fourth fiscal quarter of\nthe prior year generated income from operations of $9.0 million after\ndepreciation of $4.8 million. Gross profit for the fourth quarter of fiscal\n2026 was $27.7 million, or 14.6 percent of net sales, compared to $22.0\nmillion, or 13.9 percent of net sales, for the fourth quarter of fiscal year\n2025.\n\nOur income from operations for fiscal year 2026 was $28.0 million, after\ndepreciation expense of $20.0 million. Income from operations in fiscal year\n2025 was $16.6 million, after depreciation expense of $19.0 million. Gross\nprofit for fiscal 2026 was $94.0 million, or 14.0 percent of net sales,\ncompared to $66.8 million, or 11.4 percent of net sales for fiscal year 2025.\n\nSelling, general and administrative expenses were $20.0 million in the fourth\nquarter of fiscal 2026 and $12.9 million in the fourth quarter of fiscal 2025.\nSG&A expenses were $66.0 million in fiscal year 2026 and $50.2 million for\nfiscal year 2025. SG&A expenses reflect increases in costs related to\nhigher profitability, such as company-wide incentive compensation and variable\npay programs, plus inflation we have experienced in wages and other expenses.\n\nInterest expense was $1.5 million in the fourth quarter of fiscal year 2026\nand $1.4 million in the same quarter of fiscal year 2025. Interest expense was\n$5.9 million and $5.3 million in the current and prior fiscal years,\nrespectively. Interest expense increased due to higher average debt balances\nthan in the prior fiscal periods.\n\nCapital expenditures incurred amounted to $1.8 million in the fourth quarter\nof fiscal year 2026 and $15.4 million for fiscal year 2026. Capital spending\nin fiscal year 2026 has been focused on plant equipment updates and\nimprovements.\n\nAt July 31, 2026, we had $9.1 million in cash and short-term investments, in\naddition to $112.9 million of available borrowing under our $220 million\nsenior revolving credit facility. Availability on the revolver, which had\n$89.3 million drawn at July 31, 2026, is subject to advance rates on eligible\naccounts receivable and inventories. In February 2026, we extended the\nmaturity on our debt agreement to February 2031. Accounting rules require\nasset-based debt agreements like our revolver to be classified as a current\nliability, despite its fiscal year 2031 maturity.\n\nWebco's stock repurchase program authorizes the purchase of our outstanding\ncommon stock in private or open market transactions. In March 2026, the\nCompany's Board of Directors refreshed the repurchase program with a new limit\nof up to $6.0 million and extended the program's expiration until July 31,\n2029. We purchased 11,900 shares of our stock during the fourth quarter of\nfiscal year 2026 and 33,800 shares in fiscal year 2026. At July 31, 2026,\nthere was approximately $1.6 million of purchase authority left in the current\nstock repurchase program. The repurchase plan may be extended, suspended or\ndiscontinued at any time, without notice, at the Board's discretion.\n\nWebco's mission is to continuously build on our strengths as we create a\nvibrant company for the ages. We leverage our core values of trust and\nteamwork, continuously building strength, agility and innovation. We focus on\npractices that support our brand such that we are 100% engaged every day to\nbuild a forever kind of company for our Trusted Teammates, customers, business\npartners, investors and community. We provide high-quality carbon steel,\nstainless steel and other metal specialty tubing products designed to industry\nand customer specifications. We have five tube production facilities in\nOklahoma and Pennsylvania and eight value-added facilities in Oklahoma,\nIllinois, Michigan, Pennsylvania and Texas, serving customers globally. Our F.\nWilliam Weber Leadership Campus is in Sand Springs, Oklahoma and houses our\ncorporate offices and our Webco TechCenter™, providing a state-of-the-art\nlaboratory and R & D facility to lead and develop technical solutions for\nthe metal tubing industry.\n\nRisk Factors and Forward-looking statements: Certain statements in this\nrelease, including, but not limited to, those preceded by or predicated upon\nthe words \"anticipates,\" \"appears,\" \"believes,\" \"estimates,\" \"expects,\"\n\"forever,\" \"hopes,\" \"intends,\" \"plans,\" \"projects,\" \"pursue,\" \"should,\"\n\"will,\" \"wishes,\" or similar words may constitute \"forward-looking\nstatements.\" Such forward-looking statements involve known and unknown risks,\nuncertainties and other important factors that could cause the actual results,\nperformance or achievements of the Company, or industry results, to differ\nmaterially from any future results, performance or achievements expressed or\nimplied herein. Such risks, uncertainties and factors include the factors\ndiscussed above and, among others: general economic and business conditions,\nincluding any global economic downturn; government policy or low hydrocarbon\nprices that stifle domestic investment in energy; competition from foreign\nimports, including any impacts associated with dumping or the strength of the\nU.S. dollar; political or social environments that are unfriendly to\nindustrial or energy-related businesses; changes in manufacturing technology;\nthe banking environment, including availability of adequate financing;\nworldwide and domestic monetary policy; changes in tax rates and regulation;\nregulatory and permitting requirements, including, but not limited to,\nenvironmental, workforce, healthcare, safety and national security;\navailability and cost of adequate qualified and competent personnel; changes\nin import / export tariff or restrictions; volatility in raw material cost and\navailability for the Company, its customers and vendors; the cost and\navailability, including time for delivery, of parts and services necessary to\nmaintain equipment essential to the Company's manufacturing activities; the\ncost and availability of manufacturing supplies, including process gases;\nvolatility in oil, natural gas and power cost and availability; world-wide or\nnational transition from hydrocarbon sources of energy that adversely impact\ndemand for our products; problems associated with product development efforts;\nsignificant shifts in product demand away from internal combustion engine\nautomobiles; appraised values of inventories that can impact available\nborrowing under the Company's credit facility; declaration of material adverse\nchange by a lender; industry capacity; domestic competition; loss of, or\nreductions in, purchases by significant customers and customer work stoppages;\nwork stoppages by critical suppliers; labor unrest; conditions, including acts\nof God, that require more costly transportation of raw materials; accidents,\nequipment failures and insured or uninsured casualties; third-party product\nliability claims; flood, tornado, winter storms and other natural disasters;\ncustomer or supplier bankruptcy; customer or supplier declarations of force\nmajeure; customer or supplier breach of contract; insurance cost and\navailability; lack of insurance coverage for floods; the cost associated with\nproviding healthcare benefits to employees; customer claims; supplier quality\nor delivery problems; technical and data processing capabilities; cyberattack\non our information technology infrastructure; world, domestic or regional\nhealth crises; vaccine mandates or related governmental policy that would\ncause significant portions of our workforce, or that of our customers or\nvendors, to leave their current employment; global or regional wars and\nconflicts; our inability or unwillingness to comply with rules required to\nmaintain the quotation of our shares on any market place; and our inability to\nrepurchase the Company's stock. The Company assumes no obligation to publicly\nupdate any such forward-looking statements. No assurance is provided that\ncurrent results are indicative of those that will be realized in the future.\n\nTABLES FOLLOW\n WEBCO INDUSTRIES, INC. AND SUBSIDIARIES\n\nCONSOLIDATED STATEMENT OF OPERATIONS\n\n(Dollars in thousands, except per share data – Unaudited)\n\n                                                 Three Months Ended                                   Fiscal Year Ended\n\nJuly 31,\nJuly 31,\n                                                 2026                        2025                    2026                        2025\n\n Net sales                                       $   189,726                 $   158,211             $   670,934                 $   584,678\n Cost of sales                                   162,018                     136,255                 576,918                     517,896\n\n Gross profit                                    27,709                      21,956                  94,015                      66,782\n Selling, general & administrative expenses      20,045                      12,937                  66,030                      50,196\n\n Income (loss) from operations                   7,664                       9,018                   27,985                      16,586\n Interest expense                                1,507                       1,419                   5,918                       5,317\n\n Pretax income (loss)                            6,156                       7,600                   22,067                      11,269\n Provision for (benefit from) income taxes       1,125                       1,132                   3,723                       1,948\n\n Net income (loss)                               $      5,031                $     6,468             $    18,345                 $      9,321\n\n Net income (loss) per share:\n      Basic                                      $      7.75                 $        9.79           $      28.11                $      13.21\n      Diluted                                    $      7.35                 $        9.18           $      26.50                $      12.30\n\n Weighted average common shares outstanding:\n      Basic                                      649,000                     661,000                 653,000                     705,000\n      Diluted                                    685,000                     704,000                 692,000                     758,000\n\n \n CONSOLIDATED CASH FLOW DATA\n\n(Dollars in thousands – Unaudited)\n\n                                     Three Months Ended                               Fiscal Year Ended\n\nJuly 31,\nJuly 31,\n                                     2026                      2025                   2026                      2025\n\n Net cash provided by (used in)      $   13,127                $     19,417           $    (3,880)              $      35,965\n\n     operating activities\n Depreciation and amortization       $     5,106               $       4,886          $     20,235              $      19,097\n Cash paid for capital expenditures  $     2,157               $       3,985          $     15,801              $      19,946\n\n Notes: Amounts may not sum due to rounding.\n\n                             WEBCO INDUSTRIES, INC. AND SUBSIDIARIES\n\nCONSOLIDATED BALANCE SHEETS\n\n(Dollars in thousands - Unaudited)\n\n                                                                             July 31,                           July 31,\n                                                                             2026                               2025\n\n Current assets:\n                             Cash                                            $         349                      $       1,894\n                             U.S. Treasury Bonds                             8,734                              13,235\n                             Accounts receivable                             90,106                             73,004\n                             Inventories, net                                226,263                            188,943\n                             Prepaid expenses                                3,925                              4,502\n                             Total current assets                            329,377                            281,579\n\n Property, plant and equipment, net                                          163,362                            167,275\n Right of use, finance leases, net                                           1,479                              1,000\n Right of use, operating leases, net                                         20,212                             20,793\n Other long-term assets                                                      20,394                             18,605\n\n Total assets                                                                $   534,823                        $   489,251\n\n Current liabilities:\n                             Accounts payable                                $     49,172                       $     51,742\n                             Accrued liabilities                             41,690                             31,380\n                             Current portion of long-term debt, net          88,885                             65,636\n                             Current portion of finance lease liabilities    517                                459\n                             Current portion of operating lease liabilities  5,612                              5,367\n                             Total current liabilities                       185,876                            154,585\n\n Long-term debt, net of current portion                                      20,000                             20,000\n Finance lease liabilities, net of current portion                           1,018                              592\n Operating lease liabilities, net of current portion                         14,256                             15,545\n Deferred tax liability                                                      1,969                              -\n\n Stockholders' equity:\n                             Common stock                                    7                                  7\n                             Additional paid-in capital                      48,151                             47,007\n                             Retained earnings                               263,277                            251,515\n                             Total stockholders' equity                      311,434                            298,529\n\n Total liabilities and stockholders' equity                                  $   534,823                        $   489,251\n\n Notes: Amounts may not sum due to rounding.\n\n FOR:                          WEBCO INDUSTRIES, INC.\n CONTACT:                      Mike Howard\n                               Chief Financial Officer\n                               (918) 241-1094\n                               mhoward@webcotube.com (mailto:mhoward@webcotube.com)\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/webco-industries-inc-reports-fiscal-2026-fourth-quarter-and-year-end-results-302890674.html\n(https://www.prnewswire.com/news-releases/webco-industries-inc-reports-fiscal-2026-fourth-quarter-and-year-end-results-302890674.html)\n\nSOURCE Webco Industries, Inc.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-25T22:45:18.579456344Z","server_sent_at_ms":1790376318579},"received_at":"2026-09-25T22:45:18.730Z","source_url":"https://www.prnewswire.com/news-releases/webco-industries-inc-reports-fiscal-2026-fourth-quarter-and-year-end-results-302890674.html"},"analysis":{"id":"142223","press_release_id":"153423","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Q4 net income and operating income declined YoY despite 19.9% revenue growth","SG&A up sharply (Q4: $20.0M vs $12.9M; FY: $66.0M vs $50.2M)","Higher interest expense on increased average debt balances","Negative FY operating cash flow of $(3.9)M vs +$36.0M prior year"],"eventType":"earnings","narrative":"Webco Industries reported fiscal 2026 full-year net sales of $670.9 million, up 14.8%, with net income nearly doubling to $18.3 million ($26.50 diluted EPS) from $9.3 million.\n\nGross margin expanded to 14.0% from 11.4% for the year, though Q4 net income fell to $5.0 million ($7.35 diluted EPS) from $6.5 million despite 19.9% sales growth, pressured by higher SG&A and interest expense.\n\nLiquidity remains solid with $9.1 million in cash and $112.9 million available under its $220 million revolver, maturing February 2031; the buyback program was refreshed at $6.0 million with roughly $1.6 million of authority remaining.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"FY26 profit doubled on 15% sales growth and margin expansion, but a weak Q4 and negative operating cash flow temper the momentum."},"keyFigures":{"eps":26.5,"revenue":670934000,"revenueYoy":"14.8%","customDimensions":{"capex_fy":15801000,"q4_revenue":189726000,"fy_net_income":18345000,"q4_net_income":5031000,"q4_diluted_eps":7.35,"q4_revenue_yoy":"19.9%","revolver_drawn":89300000,"fy_gross_margin":"14.0%","fy_gross_profit":94015000,"buyback_remaining":1600000,"fy2025_diluted_eps":12.3,"buyback_authorization":6000000,"revolver_availability":112900000,"fy_income_from_operations":27985000,"q4_income_from_operations":7664000,"cash_and_short_term_investments":9100000}},"namedEntities":{"people":[{"name":"Mike Howard","role":"CFO"}],"products":["Webco TechCenter™"],"companies":[{"name":"Webco Industries, Inc.","ticker":"WEBC"}],"dollarAmounts":[{"amount":"$189.7 million","context":"Q4 FY2026 net sales"},{"amount":"$670.9 million","context":"fiscal year 2026 net sales"},{"amount":"$5.0 million","context":"Q4 FY2026 net income"},{"amount":"$18.3 million","context":"fiscal year 2026 net income"},{"amount":"$6.0 million","context":"refreshed stock repurchase program limit"},{"amount":"$1.6 million","context":"remaining buyback authority at July 31, 2026"},{"amount":"$220 million","context":"senior revolving credit facility"}]},"materialImpact":{"score":3,"reasoning":"FY26 revenue rose 14.8% to $670.9M and net income nearly doubled to $18.3M with gross margin expansion, but Q4 net income and operating income declined YoY despite the sales growth. Solid annual results, mixed quarter."},"tickerRelevance":{"others":[],"primary":"WEBC"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap OTC","eventGravity":"annual earnings with margin expansion","issuerAuthored":true}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Webco Industries reported fiscal 2026 full-year net sales of $670.9 million, up 14.8%, with net income nearly doubling to $18.3 million ($26.50 diluted EPS) from $9.3 million.\n\nGross margin expanded to 14.0% from 11.4% for the year, though Q4 net income fell to $5.0 million ($7.35 diluted EPS) from $6.5 million despite 19.9% sales growth, pressured by higher SG&A and interest expense.\n\nLiquidity remains solid with $9.1 million in cash and $112.9 million available under its $220 million revolver, maturing February 2031; the buyback program was refreshed at $6.0 million with roughly $1.6 million of authority remaining.","key_figures":{"eps":26.5,"revenue":670934000,"revenueYoy":"14.8%","customDimensions":{"capex_fy":15801000,"q4_revenue":189726000,"fy_net_income":18345000,"q4_net_income":5031000,"q4_diluted_eps":7.35,"q4_revenue_yoy":"19.9%","revolver_drawn":89300000,"fy_gross_margin":"14.0%","fy_gross_profit":94015000,"buyback_remaining":1600000,"fy2025_diluted_eps":12.3,"buyback_authorization":6000000,"revolver_availability":112900000,"fy_income_from_operations":27985000,"q4_income_from_operations":7664000,"cash_and_short_term_investments":9100000}},"named_entities":{"people":[{"name":"Mike Howard","role":"CFO"}],"products":["Webco TechCenter™"],"companies":[{"name":"Webco Industries, Inc.","ticker":"WEBC"}],"dollarAmounts":[{"amount":"$189.7 million","context":"Q4 FY2026 net sales"},{"amount":"$670.9 million","context":"fiscal year 2026 net sales"},{"amount":"$5.0 million","context":"Q4 FY2026 net income"},{"amount":"$18.3 million","context":"fiscal year 2026 net income"},{"amount":"$6.0 million","context":"refreshed stock repurchase program limit"},{"amount":"$1.6 million","context":"remaining buyback authority at July 31, 2026"},{"amount":"$220 million","context":"senior revolving credit facility"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-25T22:45:25.616Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap OTC","eventGravity":"annual earnings with margin expansion","issuerAuthored":true}},"durationMs":6856,"modelName":"glm-5.3-flashx"}}