Friedman Industries reported a loss for the third quarter of fiscal 2025 due to a decrease in revenue. However, they have seen an increase in their backlog and a reduction in debt.
Friedman Industries posts a third-quarter fiscal 2025 loss as revenue declines, but backlog grows and debt drops.
Friedman Industries, Incorporated's Q3 2025 earnings show falling volumes and unprofitable operations, confirming trends observed since early 2024. The company's market cap is $120 million with a high P/E ratio, making its valuation difficult to justify. Friedman cannot cover interest costs at current volumes, but has sufficient net working capital to avoid immediate financial issues.
LONGVIEW, Texas, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the third fiscal quarter ended December 31, 2024.
LONGVIEW, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE American: FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on December 3, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 14, 2025 to shareholders of record at the close of business on January 17, 2025. This dividend marks the Company's 212th consecutive quarterly cash dividend since becoming publicly traded in 1972.
FRD faces declining sales and demand in second-quarter fiscal 2025, impacting its stock price.
LONGVIEW, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the second fiscal quarter ended September 30, 2024.
Friedman Industries' (FRD) overall topline is hurt by a year-over-year decline in sales across both segments.
LONGVIEW, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter ended June 30, 2024.
LONGVIEW, Texas, June 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE American: FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on June 26, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 16, 2024 to shareholders of record at the close of business on July 26, 2024. This dividend marks the Company's 210th consecutive quarterly cash dividend since becoming publicly traded in 1972.