WSI Industries Reports Fiscal 2017 First Quarter Financial Results
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WSI Industries (WSCI) Swings to Q1 Loss of $0.11
December 22, 2016 5:26 PM ESTWSI Industries (NASDAQ: WSCI) reported Q1 EPS of ($0.11), versus $0.05 reported last year. Revenue for the quarter came in at $6.22 million, versus $9.73 million reported last year.
Related to the quarter results, Benjamin Rashleger, president and chief executive officer, commented: "As previously disclosed, our primary customer began the process of retooling one of their production facilities in our fiscal 2017 first quarter. This project resulted in a reduction of parts shipped to that facility which negatively affected the Company's sales and earnings in the first... More
