Friedman Industries, Incorporated Announces First Quarter Results, Provides Sinton Update and Near-term Outlook

October 13, 2022

https://www.globenewswire.com/news-release/2022/10/12/2533406/0/en/Friedman-Industries-Incorporated-Announces-First-Quarter-Results-Provides-Sinton-Update-and-Near-term-Outlook.html

LONGVIEW, Texas, Oct. 12, 2022 (GLOBE NEWSWIRE) — For the quarter ended June 30, 2022 (the “2022 quarter”), the Company recorded net earnings of $11,184,374 ($1.55 diluted earnings per share) on net sales of $161,803,090 compared to net earnings of $11,311,797 ($1.64 diluted earnings per share) on net sales of $65,916,439 for the quarter ended June 30, 2021 (the “2021 quarter”). Earnings before income taxes was $14,657,458 for the 2022 quarter compared to $14,268,677 for the 2021 quarter.

Read more at globenewswire.com

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