The Sand Springs-based manufacturer of carbon and stainless steel tubing saw annual net sales climb 14.8 percent to $670.9 million. This yearly momentum was bolstered by a strong gross profit of $94.0 million, up from $66.8 million in fiscal 2025. However, the fourth quarter reflected broader economic pressures, as selling, general, and administrative expenses rose to $20.0 million, driven by inflation in wage costs and increased incentive compensation programs.
In section Releases
Webco Industries Reports Annual Profit Surge Despite Quarterly Dip
Webco Industries, Inc. closed its 2026 fiscal year with a significant profit increase, posting $18.3 million in net income compared to $9.3 million the previous year. While annual performance showed robust growth, the company faced a softer fourth quarter, with net income falling to $5.0 million from $6.5 million a year earlier.
Capital investment remains a priority for the firm, with $15.4 million directed toward plant equipment updates and facility improvements throughout the year. As of July 31, 2026, Webco maintained $9.1 million in cash and short-term investments, alongside $112.9 million in available borrowing capacity under its senior revolving credit facility. The company also continues to manage its share count, having repurchased 33,800 shares during the fiscal year under a program recently extended through July 2029.
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