Friedman Industries Inc (FRD) Reports Mixed Q3 Results Amid Market Volatility [Yahoo! Finance]
Friedman Industries Inc. (FRD)
NASDAQ:AMEX Investor Relations:
friedmanindustries.com/clients.html
Company Research
Source: Yahoo! Finance
Sales : Increased to approximately $116.0 million in Q3 FY2023 from $111.9 million in Q3 FY2022. Gross Margin : Improved to 9.0% in Q3 FY2023 from 4.5% in the previous quarter. Flat-Roll Segment : Sales rose to approximately $106.4 million with operating profits of $8.7 million in Q3 FY2023. Tubular Segment : Sales declined to approximately $9.5 million with an operating loss of $0.1 million in Q3 FY2023. Hedging Activities : Loss of approximately $4.1 million recognized in Q3 FY2023 due to rising steel prices. Balance Sheet : Total assets increased to $228,955 thousand as of December 31, 2023, from $199,312 thousand as of March 31, 2023. Friedman Industries Inc ( FRD ) released its 8-K filing on February 14, 2024, announcing the financial results for the third quarter ended December 31, 2023. The company, known for its steel manufacturing and processing, operates in two segments: Coil Products and Tubular Products, with the former being the primary revenue generator. The
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News
- FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND [Yahoo! Finance]Yahoo! Finance
- FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDENDGlobeNewswire
- Friedman Industries, Incorporated Announces Third Quarter Results [Yahoo! Finance]Yahoo! Finance
- Friedman Industries, Incorporated Announces Third Quarter ResultsGlobeNewswire
- 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