WSI Industries updates FY08 sales outlook
WSI Industries, Inc. (Nasdaq: WSCI), upgraded its fiscal 2008 sales outlook today on its energy business.
The company now expects to bring in between $10 million to $11 million for fiscal 2008, compared with the company’s previous guidance range of about $6 million to $8 million.
The company also noted that it has a backlog for its energy business through calendar year 2009.
WSI Industries said it will release its full year fiscal 2007 earnings on Oct. 23 after market close.
WSI Industries is a contract manufacturer specializing in the machining of complex, high-precision parts for industries, including avionics, aerospace and defense, and energy.
Shares of WSI Industries (WSCI) jumped 27.66%, or $1.43, to $6.60 at 12:24 p.m. ET. Shares of WSI Industries have been trading in the range of $2.71 to $7.15 for the past 52 weeks.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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