FRD News and Press, Friedman Industries Inc. From 10/13/22

Friedman press release ( NYSE: FRD ): Q1 GAAP EPS of $1.55. Revenue of $161.8M (+145.4% Y/Y). For further details see: Friedman GAAP EPS of $1.55, revenue of $161.8M

LONGVIEW, Texas, Oct. 12, 2022 (GLOBE NEWSWIRE) -- For the quarter ended June 30, 2022 (the “2022 quarter”), the Company recorded net earnings of $11,184,374 ($1.55 diluted earnings per share) on net sales of $161,803,090 compared to net earnings of $11,311,797 ($1.64 diluted ...

The NYSE has sent a filing delinquency notification to Friedman Industries ( NYSE: FRD ) over an inability to timely file its Form 10-Q for the quarter ended Jun. 30 within the permitted grace period. The stock exchange has notified the steel products manufacture...

LONGVIEW, Texas, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) On August 10, 2022, the Company filed a Form NT 10-Q with the SEC providing notice of inability to timely file its Form 10-Q for the quarter ended June 30, 2022...

FRD presented a stable, interesting business relatively protected from downward cycles in steel prices. However, the company acquired two new facilities, leveraging in terms of debt and operations. With enormous volatility in steel prices and a new operational structure that has b...

Gainers: Borr Drilling ( BORR ) +20% . NCS Multistage Holdings ( NCSM ) +20% . Friedman Industries ( FRD ) +17% . Zymergen ( ZY ) +18% . Battalion Oil ( BATL ) +12% . Losers: Great Panther Mining ( GPL ) -14% . Newmont ( NE...

Friedman press release ( NYSE: FRD ): Q4 GAAP EPS of -$1.11. Revenue of $75.09M (+52.6% Y/Y). For further details see: Friedman GAAP EPS of -$1.11, revenue of $75.09M

LONGVIEW, Texas, July 22, 2022 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) FOURTH QUARTER AND FISCAL YEAR 2022 RESULTS The Company announced today its results of operations for the quarter and year ended March 31, 202...

The company recently bought two coil processing facilities from Plateplus for $63.8 million in cash and 516,041 shares, and this should more than double its production. The deal also includes steel inventory and customer relationships from two other facilities, which have a combined p...

Greenblatt believes that a company with the ability to invest in its business and receive a strong return on that investment is usually a “good” company. Greenblatt measures the strength of a business by examining its return on capital, which he defines as operating prof...