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    February 10, 2025

    Friedman logs quarterly loss amid 'challenging conditions'

    Written by Ethan Bernard

    Friedman Industries Inc.

    Third fiscal quarter ended Dec. 3120242023Change
    Net sales$94.1$116.0-18.9%
    Net earnings (loss)$(1.2)$1.2-223.4%
    Per diluted share$(0.17)$0.16 -206.3%
    Nine months ended Dec. 31
    Net sales$315.4$384.0-17.9%
    Net earnings (loss)$0.74$12.4-94.0%
    Per diluted share$0.11$1.69-93.5%
    (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.

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