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    June 30, 2023

    Friedman Logs Strong Q4, Reports Record Full-Year Earnings

    Written by Ethan Bernard

    Friedman Industries has reported the most profitable fiscal year in its history as the steel processor and manufacturer posted strong fiscal fourth-quarter results.

    Friedman 2 2023 06 30 at 11.56.59 AMThe Longview, Texas-based company swung to a profit of $6.3 million in its fiscal Q4 2023 ended March 31 vs. a net loss of $7.5 million a year earlier on net sales that increased 65% to $124.2 million.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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