WSI Industries (WSCI) Reports Q4 Loss of $0.01/Share

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WSI Industries Reports Fourth Quarter and Full Year Results

October 18, 2016 5:00 PM EDT

MINNEAPOLIS, MN -- (Marketwired) -- 10/18/16 -- WSI Industries, Inc. (NASDAQ: WSCI) today reported annual sales for the fiscal 2016 year ending August 28, 2016 of $35,216,000 versus the prior year's sales of $42,983,000. The Company also reported full year net income of $173,000, or $.06 per diluted share versus $997,000 or $.34 per diluted share in the prior year.

For the fiscal 2016 fourth quarter, the Company reported sales of $8,110,000 versus the prior year's quarter of $8,779,000 while the Company incurred a net loss of $43,000 or $.01 per diluted share as compared to a net loss of $34,000 or $.01 per diluted share in the prior year's fiscal... More