Friedman Industries Reports FY2025 Results: Sales Down to $444.6M, Net Earnings Plummet to $6.1M, EPS Drops to $0.87

Reuters
06/13
Friedman Industries Reports FY2025 Results: Sales Down to $444.6M, Net Earnings Plummet to $6.1M, EPS Drops to $0.87

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Friedman Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-020225), on June 12, 2025, and is solely responsible for the information contained therein.

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