http://www.proactiveinvestors.com Proactiveinvestors RSS feed en Sun, 24 Jun 2018 14:53:47 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - WSI Industries boosts sales in its fiscal third quarter, recovering from its previous earnings loss ]]> http://www.proactiveinvestors.com/companies/news/198810/wsi-industries-boosts-sales-in-its-fiscal-third-quarter-recovering-from-its-previous-earnings-loss-198810.html WSI Industries Inc (NASDAQ:WSCI) announced positive fiscal third-quarter earnings due to a boost in sales.

The company reported earnings of US$0.16 per share on sales of US$9.79mln compared with an earnings loss of US$0.08 on revenue of US$9.59mln in the previous year’s third quarter.

The Minneapolis-based company manufactures metal components for a variety of industries, including the automotive, aerospace, energy and defense markets.

"We have accomplished much in the last year and with credit and thanks going to the entire WSI team for making this happen. Our main goals will continue to be the profitable growth of our customer base and improvement in our manufacturing operations,” said CEO Michael Pudil.

The board of directors also declared its quarterly dividend on US$0.04 per share payable on July 10 to holders of record on June 26.

Shares of WSI were down less than 1% to US$5.23 in Wednesday afternoon trading.

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Wed, 13 Jun 2018 11:28:00 -0400 http://www.proactiveinvestors.com/companies/news/198810/wsi-industries-boosts-sales-in-its-fiscal-third-quarter-recovering-from-its-previous-earnings-loss-198810.html
<![CDATA[News - WSI Industries shares pop on Q3 results ]]> http://www.proactiveinvestors.com/companies/news/87207/wsi-industries-shares-pop-on-q3-results-30777.html Contract manufacturer WSI Industries (NASDAQ:WSCI) saw its shares spike Wednesday, a day after reporting fiscal third-quarter earnings rose sharply amid a 45 per cent rise in revenue, driven by its core business units.

The Monticello, Minnesota-based metal component manufacturer caters to the aerospace, defence, energy, semiconductor and medical sectors.

Net income spiked by 51 per cent to $598,000, or 21 cents per share, compared with the $397,000, or 14 cents per share in profit, a year-ago.

Revenue also increased by 45 per cent to $9.48 million, versus the $6.53 million in 2011.

In morning trade, WSI’s share price rallied 22.70 per cent climbing to $6 per share on the Nasdaq on Wednesday.

"We are very pleased to report on our fiscal 2012 third quarter results that have both sales and income at their highest levels in the last decade," chief executive Benjamin Rashleger said in a statement.

"Our sales growth came from both of our core businesses of recreational vehicles and energy."

Revenue from its recreational vehicle unit rose by 38 per cent, while its energy business saw sales jump by a whopping 91 per cent.

Gross margin narrowed to 20.2 per cent from 22.4 per cent a year earlier.

The company’s board also declared a quarterly dividend of four cents per share, which will be paid to shareholders on July 19.

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Wed, 20 Jun 2012 11:23:00 -0400 http://www.proactiveinvestors.com/companies/news/87207/wsi-industries-shares-pop-on-q3-results-30777.html