Friedman Stock Declines Post Q2 Earnings on Lower Sales, Demand [Yahoo! Finance]
Friedman Industries Inc. (FRD)
NASDAQ:AMEX Investor Relations:
friedmanindustries.com/clients.html
Company Research
Source: Yahoo! Finance
This compares to the S&P 500 index's -0.3% change over the same period. Over the past month, FRD has moved down by 3.2%, while the S&P 500 recorded a positive change of 3.3%, underscoring some challenges specific to the stock. In the quarter that ended Sept. 30, 2024, Friedman reported net sales of approximately $106.8 million, a decline of 18.3% from $130.7 million in the year-ago period. The company also posted a net loss of $0.7 million, or a diluted loss per share of $0.10, against the net income of $3.5 million, or $0.48 per share, reported in the year-ago quarter. The decline in performance was attributed to a combination of softer demand and political uncertainty, which affected sales volumes. Sales volume from inventory fell to about 121,500 tons, with an additional 18,000 tons of customer-owned material processed, compared with 129,500 tons and 26,000 tons, respectively, in the prior-year period. This indicates decline of 6.2% and 30.8%, respectively. Find the latest EP
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FRD
Sec Filings
- 11/25/24 - Form 4
- 11/22/24 - Form 4
- 11/20/24 - Form 4
- FRD's page on the SEC website