WSCI WSI Industries Inc. featured news, full reports, and detailed charts
WSI Industries Inc. (WSCI) Wrap Up:
WSI Industries, Inc. (the “Company”) makes its periodic and current reports available free of charge as soon as reasonably practicable after such material is electronically filed with, or furnished to, the Securities and Exchange Commission. These reports can be obtained by contacting the Company through its website at www.wsiindustries.com. Overview The Company was incorporated in Minnesota in 1950 for the purpose of performing precision contract machining for the aerospace, communication, and industrial markets. The major portions of Company revenues are derived from machining work for the aerospace/avionics/defense industries, recreational vehicles (ATV and motorcycle) markets, energy industry and bioscience industry. Contract manufacturing constitutes the Company’s entire business. Products and Services The Company manufactures metal components in medium to high volumes requiring tolerances as close as one ten-thousandth (.0001) of an inch. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f11%2f21%2f0000950137-07-017652.html#FIS_BUSINESS"www.wsci.com
Founded in 1950
WSI Industries Inc. (WSCI:NASDAQ)
LAST $2.12 USD
CHANGE TODAY 0.00 0.00%
VOLUME 10.6K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of WSI Industries Inc. (WSCI)
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OPEN
$2.12
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PREVIOUS CLOSE
$2.12
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DAY HIGH
$2.12
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DAY LOW
$2.00
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52 WEEK HIGH
01/8/09 - $3.55
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52 WEEK LOW
03/10/09 - $1.06
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MARKET CAP
6.1M
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AVERAGE VOLUME 3 mo
4.7K
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DILUTED EPS TTM
$-0.06
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SHARES OUTSTANDING
2.9M
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EX-DATE
10/20/08
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P/E TTM
NM
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DIVIDEND
$0.15
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DIVIDEND YIELD
7.08%
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| K = Thousands M = Millions B = Billions | ||
WSCI Top Compensated Officers
Mr. Michael J. Pudil
Chairman of the Board and Chief Executive Off...
Age: 61
Total Annual Compensation: $235.8K
Mr. Paul D. Sheely
Chief Financial Officer, Vice President, Secr...
Age: 50
Total Annual Compensation: $133.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for WSI Industries Inc. (WSCI)
WSI Industries Inc. Appoints Benjamin Rashleger as President and Chief Operating Officer
10/28/2009
WSI Industries Inc. announced that Benjamin Rashleger has been appointed as president and chief operating officer. Michael Pudil will continue as chief executive officer and chairman of the board for the company. The company entered into a new employment agreement with Michael Pudil that established a two year transition period that would provide the company with the opportunity to proactively implement an orderly succession plan. In addition to Benjamin Rashleger, Paul Sheely, chief financial officer, will continue to report directly to Michael Pudil.
WSI Industries Inc. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 30, 2009
10/21/2009
WSI Industries Inc. reported un-audited consolidated earnings results for the fourth quarter and year ended August 30, 2009. The company reported sales for the fourth quarter ended August 30, 2009, of $3,993,000 versus the prior year fiscal 2008 fourth quarter of $6,783,000. The company's net income in the current year's fourth quarter was $35,000 or $0.01 per diluted share as compared to the prior year's quarter of $301,000 or $0.11 per diluted share. Net loss before taxes was $54,000 against net income before taxes of $463,000 a year ago. For the full year, sales for fiscal 2009 were $18,766,000, down from the year earlier amount of $25,882,000. For fiscal 2009, the company experienced a loss of $159,000 or $0.06 loss per diluted share compared to the prior year's net income of $1,478,000 or $0.52 earnings per diluted share. Net loss before taxes was $249,000 against net income before taxes of $463,000 a year ago.
WSI Industries Inc. Appoints Benjamin Rashleger as President and Chief Operating Officer
10/12/2009
WSI Industries Inc. announced that Benjamin Rashleger has been appointed as President and Chief Operating Officer. Michael Pudil will continue as Chief Executive Officer and Chairman of the board for the company. The company entered into a new employment agreement with Michael Pudil that established a two year transition period that would provide the Company with the opportunity to proactively implement an orderly succession plan. In addition to Benjamin Rashleger, Paul Sheely, Chief Financial Officer, will continue to report directly to Michael Pudil.
WSCI Competitors
| Company | Last | Change | |
| No competitor information is available for WSCI. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | WSCI | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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WSCI |
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WSCI transactions
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| No transactions in the last 6 months. | ||
More Recent News About WSI Industries Inc.
More news for WSCI
WSI INDUSTRIES, INC. Files SEC form 10-Q, Quarterly Report
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION And RESULTS OF OPERATIONS Critical Accounting Policies and Estimates: Management's Discussion and Analysis of Financial Condition and Results of Operations discuss our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the result of which forms the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Results may differ from these estimates due to actual outcomes being different from those on which we based our assumptions. The estimates and judgments utilized are reviewed by management on an ongoing basis and by the audit committee of our board of directors at the end of each quarter prior to the public release of our financial results. The critical accounting policies and estimates followed in the preparation of the financial information contained in this Quarterly Report on Form 10-Q are the same as those described in the Company's Annual Report on Form 10-K for the year ended August 31, 2008. Refer to the Annual Report on Form 10-K for detailed information on accounting policies. Results of Operations: Net sales were $6,035,000 for the quarter ending November 30, 2008; a 1% increase from the same period of the prior year with increases in sales from the Company's all terrain vehicle (ATV) and energy markets being offset by decreases in sales from the Company's motorcycle market. Sales from the Company's ATV and motorcycle markets were $3,290,000 ...Click here to read the whole Article (external link)
WSI INDUSTRIES, INC. Financials
PERIOD ENDING31-May-091-Mar-0930-Nov-0831-Aug-08Total Revenue4,736 4,001 6,035 6,783 Cost of Revenue4,083 3,810 5,209 5,578 Gross Profit653 192 827 1,205 Operating ExpensesResearch Development - - - - Selling General and Administrative533 558 583 669 Non Recurring - - - (102)Others - - - - Total Operating Expenses - - - - Operating Income or Loss120 (366)244 639 Income from Continuing OperationsTotal Other Income/Expenses Net5 4 6 (88)Earnings Before Interest And Taxes125 (362)250 551 Interest Expense106 117 92 87 Income Before Tax19 (479)157 464 Income Tax Expense7 (172)57 163 Minority Interest - - - - Net Income From Continuing Ops12 (307)101 301 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - Oth...Click here to read the whole Article (external link)
WSI INDUSTRIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi
Show all filings for WSI INDUSTRIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for WSI INDUSTRIES, INC. 29-Jun-2009Results of Operations and Financial Condition, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...Click here to read the whole Article (external link)
WSI INDUSTRIES, INC. Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Bala
Show all filings for WSI INDUSTRIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for WSI INDUSTRIES, INC. 22-Apr-2009Creation of a Direct Financial Obligation or an Obligation under an Off-Bala Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...Click here to read the whole Article (external link)
WSI INDUSTRIES, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Critical Accounting Policies and Estimates: Management's Discussion and Analysis of Financial Condition and Results of Operations discuss our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the result of which forms the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Results may differ from these estimates due to actual outcomes being different from those on which we based our assumptions. The estimates and judgments utilized are reviewed by management on an ongoing basis and by the audit committee of our board of directors at the end of each quarter prior to the public release of our financial results. The critical accounting policies and estimates followed in the preparation of the financial information contained in this Quarterly Report on Form 10-Q are the same as those described in the Company's Annual Report on Form 10-K for the year ended August 31, 2008. Refer to the Annual Report on Form 10-K for detailed information on accounting policies. Results of Operations: Net sales were $4,001,000 for the thirteen weeks ending March 1, 2009, a decrease of 38% or $2,420,000 from the same period of the prior year. Year-to-date sales in fiscal 2009 are $10,037,000 compared to $12,396,000 in the prior year which equates to a 19 % decrease. We have experienced a decline in sales in all sectors of our business in fiscal 2009. Sale...Click here to read the whole Article (external link)
WSI INDUSTRIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for WSI INDUSTRIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for WSI INDUSTRIES, INC. 27-Mar-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purpos...Click here to read the whole Article (external link)
WSI announces leadership transition
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
WSI Industries Announces Leadership Transition
MINNEAPOLIS--(BUSINESS WIRE)--WSI Industries, Inc. (Nasdaq: WSCI - News) today announced that Benjamin Rashleger has been appointed as President and Chief Operating Officer. Michael Pudil will continue as Chief Executive Officer and Chairman of the Board for the Company. The Company entered into a new employment agreement with Michael Pudil that established a two year transition period that would provide the Company with the opportunity to proactively implement an orderly succession plan. Michael J. Pudil, Chief Executive Officer, commented: “We are very pleased with the addition of Benjamin Rashleger. Over the past 16 years he has held various positions with Milltronics Manufacturing Company including President & CFO. Over this period, he helped guide the growth and positioned this high-tech machine tool manufacturer for continued success. Looking forward, I have tremendous confidence in Benjamin’s ability to implement the WSI growth strategy that takes full advantage of our strong financial position and established 60 year reputation in the contract machining industry.†In addition to Benjamin Rashleger, Paul Sheely, Chief Financial Officer, will continue to report directly to Michael Pudil.WSI Industries, Inc. is a leading contract manufacturer that specializes in the machining of complex, high-precision parts for a wide range of industries, including avionics, aerospace and defen...Click here to read the whole Article (external link)
WSI INDUSTRIES, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. On October 7, 2009, Benjamin Rashleger accepted an employment offer letter (the "Offer Letter") from WSI Industries, Inc. (the "Company") pursuant to which Mr. Rashleger will serve as the Company's President and Chief Operating Officer beginning October 12, 2009. A copy of the Offer Letter is attached hereto as Exhibit 10.1. Mr. Rashleger, age 34, served as President and Chief Financial Officer of Milltronics Manufacturing Company, a privately held machine tool manufacturer in Waconia, Minnesota from 2006 until June 2007. From 2002 to 2006, Mr. Rashleger served Milltronics Manufacturing as Vice President. In June 2007, Milltronics Manufacturing Company was acquired by Liberty Diversified Industries and Mr. Rashleger continued on as the Director of Operations of Milltronics Manufacturing as a Liberty Diversified Industries company from June 2007 until December 2008. From January 2009 until his appointment as the Company's President and Chief Operating Officer, Mr. Rashleger was on sabbatical and exploring opportunities. Mr. Rashleger earned a Bachelor of Science degree in Business from the Carlson School of Management at the University of Minnesota. Under the terms of the Offer Letter, Mr. Rashleger will receive annual base salary of $150,000, payable according to the Company's regular payroll practices. Mr. Rashleger will also participate in the Company's incentive program for executive officers and will be entitled to bonus of 70% of his base salary based upon achievement of goals relating to new business and profitability for the fiscal year to be jointly determined and subject to approval by the Company's Board. Pursuant to the Offer Letter, Mr. Rashleger was granted a non-qualified stock option on October 12, 2009 to purchase 10,000 shares of the Company's common stock under the Company's 2...Click here to read the whole Article (external link)
WSI Industries Reports 4th Quarter & Year End Results
 WSI INDUSTRIES, INC.      CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) In thousands, except per share amounts  Quarter ended Year ended August 30, August 31, August 30, August 31, 2009 2008 2009 2008 Net Sales $ 3,993 $ ...Click here to read the whole Article (external link)
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