Webco Industries Inc. (OTC: WEBC), Sand Springs, OK, reported sales for fiscal year 2016 of $330.3 million, a 20.2 percent decrease over the same period a year ago. The company reported a loss of $3.2 million, compared to a profit of $0.9 million the prior year.
Fourth-quarter sales were $84 million, a 15.1 percent decrease over the same period a year ago. The company reported a loss of $0.6 million for the quarter, compared to a profit of $1.2 million the prior year.
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