Detail akcie Friedman Inds online

Business Summary: Friedman Industries, Incorporated is a manufacturer and processor of steel products. Its segments include flat-roll products and tubular products. The flat-roll product segment consists of the operation of five hot-rolled coil processing facilities located in Hickman, Arkansas; Decatur, Alabama; East Chicago, Indiana; Granite City, Illinois, and Sinton, Texas. The Hickman, Granite City and East Chicago facilities operate temper mills and cut-to-length lines. The Decatur and Sinton facilities operate stretcher leveler cut-to-length lines. The tubular product segment consists of the Company's Texas Tubular Products division (TTP) located in Lone Star, Texas. TTP operates two electric resistance welded pipe mills with a combined outside diameter size range of 2 3/8 OD to 8 5/8 OD. Both pipe mills are American Petroleum Institute (API) licensed to manufacture line pipe and oil country pipe and also manufacture pipe for structural purposes that meets other recognized industry standards.
Financial Summary: BRIEF: For the three months ended 30 June 2024, Friedman Industries Inc revenues decreased 17% to $114.6M. Net income applicable to common stockholders decreased 66% to $2.6M. Revenues reflect Flat roll segment decrease of 17% to $103.4M, Tubular segment decrease of 8% to $11.2M. Net income also reflects Flat roll segment income decrease of 77% to $2.7M, Tubular segment loss totaling $1.2M vs. income of $2.3M.