This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

WSI Industries New Business Update, Long Term Agreement & Earnings Release Date

WSI Industries, Inc. (Nasdaq: WSCI) today provided an update on its recreational vehicle business. The Company announced that it had reached a three-year agreement to provide engine components to an existing customer. The Company also announced that the customer had awarded a new program to the Company.

President and COO Benjamin Rashleger commented: “We are pleased to announce positive news in our recreational vehicle market. Related to existing business, we recently signed an agreement with our primary customer in this market to continue to provide them with parts for three different programs through the end of calendar 2014. This agreement demonstrates WSI’s exceptional performance and capabilities, and also provides support for WSI to invest in new specialized equipment and automation that will increase manufacturing efficiencies and capabilities, further expanding the value we can provide to our customer.” Rashleger continued: “We are also delighted to announce that this same customer awarded a new program in the recreational vehicle market. This program, which we anticipate will commence production in the summer of 2013, further solidifies the Company’s position in the marketplace as a preeminent leader in small engine component machining.” Rashleger concluded: “With the three year extension on programs that represent a significant share of our existing recreational vehicle business combined with the award of a new program, we believe that the Company’s business in the recreational vehicle market will be stable for the foreseeable future.”

The Company also announced that it has been featured on the cover of the metalworking industry’s premier publication – Modern Machine Shop, in an issue that also includes a feature story about WSI. The main topic of the article was program management and production, a key contributor towards WSI’s success.

Finally, WSI Industries stated that it expects to release its fiscal 2012 first quarter financial results on January 4 th, 2012 prior to its Annual Meeting that occurs on that date at 1:00 Central time.

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 defense, energy, recreational vehicles, computers, small engines, marine, bioscience and instrumentation.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs