WSI Industries, Inc. (Nasdaq: WSCI) today provided an update on its current business. Highlights included:
- Diversification in our energy business with the addition of two customers.
- An initial $5 million sales order for the shale fracturing segment.
- Capital equipment additions totaling $1.25 million.
- Continued strength in WSI’s other key markets.
Rashleger concluded: “With today’s announcements, we feel the combination of both our existing and new business opportunities provide a favorable outlook for our 2012 fiscal year.”WSI Industries also announced that it expects to release its fiscal 2011 fourth quarter and year-to-date financial results after the market close on October 20, 2011. 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. The statements included herein which are not historical or current facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. There are certain important factors which could cause actual results to differ materially from those anticipated by some of the statements made herein, including the Company’s ability to retain current programs and obtain additional manufacturing programs, and other factors detailed in the Company’s filings with the Securities and Exchange Commission.