WSI Industries (WSCI) Reports Q1 EPS of $0.18

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WSI Industries Reports Fiscal 2018 Second Quarter Results & Reinstates Dividend

March 19, 2018 8:15 AM EDT

MINNEAPOLIS, March 19, 2018 (GLOBE NEWSWIRE) -- WSI Industries, Inc. (Nasdaq: WSCI) today reported sales for its fiscal 2018 second quarter ending February 25, 2018 of $8,554,000 versus the prior year amount of $6,314,000, or an increase of 35%.  Year-to-date sales for the twenty-six weeks ended February 25, 2018 totaled $16,083,000 versus $12,644,000 in the prior year, or an increase of 27%.  The Company reported net income of $529,000 for the fiscal 2018 second quarter or $.18 per diluted share as compared to the prior year net loss of $362,000 or $.12 per diluted share.  Year-to-date, the Company had net income for the first two quarters of $615,000 or $.21 per... More