Friedman earnings slump but sees stronger quarter ahead

Friedman Industries Inc.

Third quarter ended Dec. 31	2023	2022	% Change
Net sales	$116.0	$111.9	4%
Net earnings (loss)	$1.2	$1.4	-14%
Per diluted share	$0.16	$0.19	-16%
Nine months ended Dec. 31
Net sales	$384.0	$423.4	-9%
Net earnings (loss)	$12.4	$15.0	-17%
Per diluted share	$1.69	$2.06	-18%

(in millions of dollars except per share)

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.