Friedman Industries reports Q4 EPS 86c vs. ($1.11) last year

Reports Q4 revenue $124.2M vs. $75.1M last year. “Strong fourth quarter results put an exclamation mark on a monumental fiscal year for Friedman,” said Michael J. Taylor, CEO. “In April 2022, we made our first acquisition in the Company’s history acquiring two steel processing facilities in East Chicago, Indiana and Granite City, Illinois. This was followed up by our newly constructed facility in Sinton, Texas, which commenced operations in October 2022. These strategic investments contributed to our most profitable year in Company history, and we believe they will have a profound impact on the future of Friedman. We expect strong performance for our first quarter of fiscal 2024, providing a good foundation as we aim to deliver record earnings for three years in a row.”