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    November 13, 2024

    Friedman swings to loss amid 'challenging' market

    Written by Ethan Bernard

    Second quarter ended Sept. 3020242023Change
    Net sales$106.8$130.7-18.3%
    Net earnings (loss)$(0.675)$3.5-119.2%
    Per diluted share$(0.10)$0.48-120.8%
    Six months ended Sept. 30
    Net sales$221.3$268.0-17.4%
    Net earnings (loss)$1.9$11.2-83.1%
    Per diluted share$0.27$1.52-82.2%
    (in millions of dollars except per share)

    Friedman Industries swung to a loss in its fiscal second quarter ended Sept. 30 amid “challenging” business conditions.

    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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