WSI Industries Inc. (WSCI, Financial) filed Annual Report for the period ended 2012-08-26.
Wsi Industries, Inc. has a market cap of $20.5 million; its shares were traded at around $6.88 with a P/E ratio of 13.6 and P/S ratio of 0.6. The dividend yield of Wsi Industries, Inc. stocks is 2.3%. Wsi Industries, Inc. had an annual average earning growth of 5.5% over the past 10 years.
Selling and administrative expense in fiscal 2012 was approximately $3.2 million, an increase of $401,000 over the fiscal 2011 amount of approximately $2.8 million. The increase in fiscal 2012 was due primarily to increased payroll and benefit costs due to headcount additions as well as increased incentive compensation and profit sharing expense. In fiscal 2011, selling and administrative expense increased over 2010 by $335,000. The increase was due primarily to higher payroll and benefit costs as well as additional incentive compensation and profit sharing expense. The Company recorded non-cash stock option compensation expense of $198,000, $205,000 and $211,000 in fiscal 2012, 2011 and fiscal 2010, respectively. In addition, the Company incurred professional service expense in each of those three fiscal years in connection with its analysis of internal controls over financial reporting as required by the Sarbanes-Oxley Act.
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Wsi Industries, Inc. has a market cap of $20.5 million; its shares were traded at around $6.88 with a P/E ratio of 13.6 and P/S ratio of 0.6. The dividend yield of Wsi Industries, Inc. stocks is 2.3%. Wsi Industries, Inc. had an annual average earning growth of 5.5% over the past 10 years.
Highlight of Business Operations:
The Company experienced a sales increase of 30% in fiscal 2012 which came on top of a 33% increase in fiscal 2011. Net sales in fiscal 2012 were $32.5 million as compared to $25.0 million in fiscal 2011 and $18.8 million in fiscal 2010. The increase in the fiscal 2012 sales was driven by a 19% increase in recreational vehicle market sales and a 78% increase in sales from the energy market. The increases in the fiscal 2011 sales came primarily from a 39% increase in recreational vehicle sales and a 27% increase in energy sales.Selling and administrative expense in fiscal 2012 was approximately $3.2 million, an increase of $401,000 over the fiscal 2011 amount of approximately $2.8 million. The increase in fiscal 2012 was due primarily to increased payroll and benefit costs due to headcount additions as well as increased incentive compensation and profit sharing expense. In fiscal 2011, selling and administrative expense increased over 2010 by $335,000. The increase was due primarily to higher payroll and benefit costs as well as additional incentive compensation and profit sharing expense. The Company recorded non-cash stock option compensation expense of $198,000, $205,000 and $211,000 in fiscal 2012, 2011 and fiscal 2010, respectively. In addition, the Company incurred professional service expense in each of those three fiscal years in connection with its analysis of internal controls over financial reporting as required by the Sarbanes-Oxley Act.
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