Friedman Industries, Incorporated (NASDAQ/GS: FRD) has reported its financial results for the fourth quarter and fiscal year ended March 31, 2025. The company achieved net earnings of $5.3 million in the fourth quarter, a slight increase from $5.0 million in the same period of the previous year. Sales for the quarter were recorded at $129.2 million, slightly down from $132.2 million in the prior year's corresponding quarter. The sales volume during this period reached a record high for the company, with a 28% increase over the preceding third quarter and a 5% rise compared to the previous year's fourth quarter. For the full fiscal year 2025, Friedman Industries reported net earnings of $6.1 million, a decrease from $17.3 million in the previous fiscal year. Annual sales totaled $444.6 million, down from $516.3 million in fiscal 2024. Despite the challenging steel price trends, the company managed to improve its margins in the fourth quarter, aided by a 35% increase in steel prices during that period. The company's President and CEO, Michael J. Taylor, commented on the improved margins and record sales volume, attributing these achievements to their ongoing growth strategy. The company closed the fiscal year with a working capital balance of $128.1 million. No specific outlook or guidance for future periods was provided in the announcement.