Friedman Benefits from Plateplus Buy, Posts Solid Q1 Profit

Friedman Industries is already seeing the benefits of its April acquisition of Plateplus Inc., but hedging losses continue to impact the company.

The Longview, Texas-based steel processor and manufacturer said the fiscal 2023 first quarter ended June 30, 2022, was positively impacted by the acquisition, resulting in the second most profitable quarter in the company’s history.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

Laura Miller

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