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Friedman Industries Inc  (FRD)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials


 

Friedman Industries Inc

FRD's Financial Statements and Analysis



Friedman Industries Inc reported in the third quarter of 2024 net earnings per share of $0.16 a decrease by -15.79 % year on year from $0.19 and decline of -66.67 % from $0.48 earned in II. Quarter (Sep 30 2023).


third quarter of 2024
Earnings Per Share Revenues
$ 0.16 $  116 Mill
$-0.03     -15.79 % $+4M     +3.68 %



Friedman Industries Inc's Revenue rose by 3.68 % in third quarter of 2024 (Dec 31 2023) year on year, to $116 million and declined by -11.3 % sequentially.


Friedman Industries Inc is

More on FRD's Income Statement



Friedman Industries Inc's net income of $1.184 million in the third quarter of 2024 decreased by -13.95 % from net earnings of $1.376 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -66.3 % from net income of $3.513 million realized in previous quarter.

More on FRD's Growth

Friedman Industries Inc Inventories
Inventories grew by 16.42 % to $114 million from III. Quarter a year ago, sequentially inventories rose by 9 %. FRD's Cash flow In the third quarter of 2024 company's net cash flow was $6 million

More on FRD's Cash flow Statement


Friedman Industries Inc payed out dividend of $0.14 per share in last 52 weeks representing 5.67 % of net earning per share in trailing twelve-month period.

During the same period Friedman Industries Inc earned $ 2.81 cash per share, on a free-cash flow basis 113.87 % of net earning per share.

Book value fell by -4.27 % sequentially to $16.59 per share.
Tangible Book value fell to $ 16.59 per share from $ 17.33.

Company issued 0.08 million shares or 1.11 % in Dec 31 2023.
Interest Coverage Ratio was 9.65. Debt Coverage Ratio was 0.64.

More on FRD's Dividends

 Market Capitalization (Millions) 131
 Shares Outstanding (Millions) 7
 Total Debt (Millions $) 46
 Revenue (TTM) (Millions $) 508
 Net Income (TTM) (Millions $) 19
 Cash Flow (TTM) (Millions $) -7
 Capital Exp. (TTM) (Millions $) -21
 Dividend TTM ($) 0.14 $
 Dividend Yield TTM (%) 0.45 %
 Employees (TTM) $ -




Friedman Industries Inc payed out dividend of $0.14 per share in the last 52 weeks representing 5.67 % of net earning per share in trailing twelve-month period.

During the same period Friedman Industries Inc had $ 2.81 cash flow per share, on a free-cash flow basis 113.87 % of net earning per share.

Book value fell by -4.27 % sequentially to $16.59 per share.
Tangible Book value fell to $ 16.59 per share from $ 17.33.

Company issued 0.08 million shares or 1.11 % in Dec 31 2023.
Interest Coverage Ratio was 9.65. Debt Coverage Ratio was 0.64.

More on FRD's Balance Sheets

 Market Capitalization (Millions) 131
 Shares Outstanding (Millions) 7
 Total Debt (Millions $) 46
 Revenue (TTM) (Millions $) 508
 Net Income (TTM) (Millions $) 19
 Cash Flow (TTM) (Millions $) -7
 Capital Exp. (TTM) (Millions $) -21
 Dividend TTM ($) 0.14 $
 Dividend Yield TTM (%) 0.45 %
 Employees (TTM) $ -
   


  News about Friedman Industries Inc Earnings

Friedman Industries Inc. Surpasses Expectations with Impressive 3.677% Revenue Growth in Q3 2024 Earnings Season

Friedman Industries Inc, a steel-processing conglomerate based in Longview, Texas, has been making headlines recently with its impressive stock performance. The company's stock has seen a solid gain of 5.04% over the past week, bringing the share price up by 13.27% during the first quarter of 2024. With the stock now only 4.4% below its 52-week high of $18.3067, it is clear that FRD stock is gaining momentum.
However, despite this positive stock performance, the company recently reported declining earnings per share (EPS) in the third quarter of 2024. While revenue increased by 3.677% to $115.97 million compared to $111.86 million the previous year, income fell by -15.79% to $0.16 per share from $0.19 pe...

Friedman Industries Inc Reveals Surprising Revenue Dip Amidst Second Quarter 2024



Friedman Industries Inc, a reputed industrial steel manufacturer, recently reported its financial results for the quarter ended September 30, 2023. Despite the company's claims of improving profit margins, a closer analysis reveals concerning figures. With profits per share witnessing a significant drop and revenue declining both annually and sequentially, it appears that Friedman Industries Inc is heading towards a challenging period ahead.
Profit Decline:
In the July to September 30, 2023 financial interval, Friedman Industries Inc's profit per share experienced a substantial decline. The company's profit plummeted by a staggering -53.85% from $1.04 per share in the previous reporting per...

Friedman Industries Inc.'s EPS Plummets as Weak Sales Decimate Profits in Fiscal Year Ending Jun 30, 2023

Based on the information provided, it seems that Friedman Industries Inc has experienced a significant decline in both top-line and bottom-line figures in its Jun 30 2023 report. The net profit per share has dropped by a staggering -32.9% compared to the previous year, while the revenue has fallen by -15.145% year on year.
In terms of specific numbers, the revenue for this period was reported at $137.30 million, a notable decrease from $161.80 million in the previous year. Similarly, the earnings per share (eps) dropped from $1.55 to $1.04, marking a -32.9% decline.
While it is worth noting that profitability did grow by 30.95% compared to the preceding fiscal period, with earnings per share rising...

Friedman Industries Inc. Experiences Upturn with Positive Income and Revenue Growth for Fiscal Period Ending March 2023

Financial News Report: Friedman Industries Inc. Reports Strong Revenue Growth and Profit Improvement
Friedman Industries Incorporated, a leading iron and steel company, has reported positive financial results for the fiscal period ending March 31, 2023. The company's profits turned positive at $0.79 per share, compared to a loss of $1.29 per share in the same period last year. This represents a significant improvement in profitability, with the Income per Share increasing by 317.99% from $0.19 per share from the prior quarter.
One of the key drivers of this improved performance was the strong revenue growth. Friedman Industries reported a 65.38% increase in revenue, reaching $124.19 million, compared...


Date modified: 2024-02-15T16:04:37+00:00





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