earnings
confidence high
sentiment positive
materiality 0.70
Friedman Industries Q4 net earnings $5M; FY2024 second most profitable year
FRIEDMAN INDUSTRIES INC
- Q4 net earnings $5.0M ($0.71 diluted EPS) on sales $132.2M; prior Q4 $6.3M ($0.86) on $124.2M.
- FY2024 net earnings $17.3M ($2.39 diluted EPS), second most profitable; sales volume up 19% YoY.
- Flat-roll segment Q4 operating profit $9.6M (+25% YoY); tubular segment profit $0.8M (-68% YoY).
- Outlook: Q1 FY2025 volume similar to Q4; lower margins hedged with $5.3M in gains YTD.
- Working capital $116M; FY2024 sales $516M, down from $547M in prior year.