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


Magnificent 61.706%, rise in Revenues at FRD amid the second quarter of 2022

FRD announced second quarter of 2022 operating shortfall of $-0.550657 millions

Published 2022-12-05T00:32:47+00:00
Goran Soko / CSIMarket.com Contributer

VysokePece1_Attribution_Tninecke_zelezarny_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons FRD announced net profit per share of $0.34 and Revenue of $161.80 millions in the second quarter of 2022 financial report, Friedman Industries Incs' income fell sharply $0.34 per share, versus $1.91 eps, earned in second quarter of 2021, although the Iron & Steel company saw its Revenue rise by 61.706 % in the same period.

Opposing to the Q1 Revenue deteriorated by -7.485 % from $161.80 millions and EPS dropped by -78.06 % from $1.55 per share.


Net profits of $2.471 millions in the July to September 30 2022 interval fell by -81.25 % from $13.178 millions in the corresponding period a year before. Friedman Industries Inc shifted it's focus on improving sales in the July to September 30 2022 interval, as a result net margin eased to 1.65%.


Friedman Industries Inc is expected to report next financial results on February 13, 2023.


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Other FRD's Earnings Reports

Friedman Industries Inc reported first quarter 2022 earnings

Friedman Industries Inc reported fourth quarter 2022 earnings

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