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Stock impact report

Friedman Industries, Incorporated Announces First Quarter Results

Friedman Industries Inc. (FRD) 
NASDAQ:AMEX Investor Relations: friedmanindustries.com/clients.html
Company Research Source: GlobeNewswire
LONGVIEW, Texas, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated, headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama and Lone Star, Texas. The Company has two reportable segments; coil products and tubular products. The coil product segment consists of the operations in Hickman and Decatur where the Company processes hot-rolled steel coils using temper mills and cut-to-length lines. The tubular product segment consists of the operations in Lone Star where the Company manufactures electric resistance welded pipe, provides pipe finishing services and distributes pipe.   The Company announced today its results of operations for the first quarter. For the quarter ended June 30, 2019 (the “2019 quarter”), the Company recorded net earnings of $194,772 ($0.03 diluted earnings per share) on sales of $40,975,320 compared to net earnings of $3,599,893 ($0.51 diluted earnings pe Show less Read more
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