Friedman Industries, Incorporated Announces Third Quarter Results
Friedman Industries Inc. (FRD)
NASDAQ:AMEX Investor Relations:
friedmanindustries.com/clients.html
Company Research
Source: GlobeNewswire
LONGVIEW, Texas, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) today announced its results of operations for the third fiscal quarter ended December 31, 2023. December 31, 2023 Quarter Highlights: Sales of approximately $116.0 millionEarnings from operations of approximately $6.2 millionNet earnings of approximately $1.2 million11% increase in sales volume over prior year quarter volumeWorking capital balance at quarter-end of approximately $116.3 million “We experienced higher hot-rolled coil (“HRC”) pricing during the third quarter which increased our physical margins, particularly during the second half of the quarter,” said Michael J. Taylor, President and Chief Executive Officer. “Our gross margin percentage increased to 9.0% for the third quarter compared to 4.5% for the preceding second quarter. The rise in HRC price brought a corresponding increase in HRC futures pricing, which caused the improved physical margin to be partially
Show less
Read more
Impact Snapshot
Event Time:
FRD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FRD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FRD alerts
High impacting Friedman Industries Inc. news events
Weekly update
A roundup of the hottest topics
FRD
News
- FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND [Yahoo! Finance]Yahoo! Finance
- FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDENDGlobeNewswire
- Friedman Industries Inc (FRD) Reports Mixed Q3 Results Amid Market Volatility [Yahoo! Finance]Yahoo! Finance
- Friedman Industries, Incorporated Announces Third Quarter Results [Yahoo! Finance]Yahoo! Finance
- Jim Simons Adjusts Position in Friedman Industries [Yahoo! Finance]Yahoo! Finance
FRD
Sec Filings
- 4/3/24 - Form 4
- 2/14/24 - Form 8-K
- 2/14/24 - Form 10-Q
- FRD's page on the SEC website