8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



         Date of Report (date of earliest event reported): JUNE 22, 2005


                              WSI Industries, Inc.
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             (Exact name of Registrant as Specified in its Charter)


                                    Minnesota
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                 (State Or Other Jurisdiction Of Incorporation)


            000-00619                                   41-0691607
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     (Commission File Number)               (I.R.S. Employer Identification No.)


             Osseo, MN                                   55369
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(Address Of Principal Executive Offices)               (Zip Code)



                                 (763) 428-4308
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               Registrant's Telephone Number, Including Area Code


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     [  ] Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     [  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
          (17 CFR 240.14a-12)

     [  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     [  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))


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Items under Sections 1 and 3 through 7 are not applicable and therefore omitted.

ITEM 2.02  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

WSI Industries, Inc. (the "Company") hereby furnishes a press release, issued on
June 22, 2005, disclosing material non-public information regarding its results
of operations for the quarter and year ended May 29, 2005.

ITEM 8.01  OTHER EVENTS

Through the press release issued on June 22, 2005, the Company also announced
that its Board of Directors has declared a dividend of $.0375 per share of
common stock payable July 22, 2005 to holders of record on July 8, 2005.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.        Description
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99.1               Press Release issued on June 22, 2005.



                                    SIGNATURE

          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                      WSI INDUSTRIES, INC.

                                      By:  /s/ Michael Pudil
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                                           Michael Pudil
                                           President and Chief Executive Officer

Date:   June 22, 2005

EX-99.1

                                                                    EXHIBIT 99.1


                     WSI INDUSTRIES SALES AND NET INCOME UP


June 22, 2005--MINNEAPOLIS, MN--WSI Industries, Inc. (Nasdaq: WSCI) today
reported net sales of $4,244,000 for the third quarter of fiscal 2005 ended May
29, 2005, up 35% from $3,147,000 in the year-earlier quarter. The Company posted
net income of $174,000 or $.07 per share, up 185% compared to $61,000 or $.02
per share in the third quarter of fiscal 2004. Year-to-date sales for the nine
months ended May 29, 2005 totaled $11,773,000 or a 37% increase over the same
period from the prior year. Net income for the same year-to-date period
increased 32% to $228,000 or $.09 per share compared to $173,000 or $.07 per
share. However, excluding pretax relocation and second building costs of
$328,000 incurred during the first six-months of fiscal 2005, the Company would
have had year-to-date net earnings of $437,000 or $.17 per share or a 153%
increase over the prior fiscal year.

Michael J. Pudil, president and chief executive officer, commented: "With the
third quarter of fiscal 2005, we were able to reap some of the benefits of all
the hard work that the WSI employees performed while relocating our facility. We
feel that the results begin to show the potential of what we can do with a newer
building and more efficient operations." Pudil went on to say: "We expect
continued positive earnings and cash flow in our fiscal 2005 fourth-quarter;
however we also anticipate somewhat lower sales than in the third quarter which
has been our normal trend in prior years. In addition, we are also excited by
our previously announced new partnering arrangement with one of our customers
that is an industry leader in the biosciences field. It is expected that the
arrangement could increase sales by approximately 10% as it unfolds over the
next 12 -- 18 months. We are pleased to report this positive step from our
focused efforts to grow and diversify our customer base."

The Company also announced today that its Board of Directors has declared a
dividend of $.0375 per share. The dividend will be payable July 22, 2005 to
holders of record on July 8, 2005.

WSI Industries, Inc. is a leading contract manufacturer that specializes in the
machining of complex, high-precision components for a wide range of industries.


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For additional information:
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Michael J. Pudil (CEO) or Paul D. Sheely (CFO)
763/295-9202

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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.
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