Friedman Industries, Incorporated (NASDAQ/GS: FRD) reported its financial results for the quarter ended June 30, 2025, showing notable improvements compared to the same quarter last year. The company achieved net sales of $134.8 million, marking a significant increase from $114.6 million in the previous year. This growth was accompanied by a 12% rise in tons sold year-over-year, with the sales volume consisting of approximately 141,500 tons of inventory sold and an additional 19,000 tons of toll processing customer-owned material. Net earnings for the quarter were reported at $5.0 million, a substantial increase from the $2.6 million recorded in the same period in 2024. This resulted in diluted earnings per share $(EPS)$ of $0.71, up from $0.37 in the prior year. The company also reported an operating cash flow of $15.5 million and achieved a debt reduction of $14.7 million, reflecting strong financial management. The increase in sales volume was attributed to stronger demand from customers and successful commercial efforts aimed at increasing capacity utilization at Friedman Industries' facilities. The company did not provide an outlook or guidance for future periods in the report.
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