earnings
confidence high
sentiment negative
materiality 0.75
Friedman Industries reports Q2 net loss of $0.7M; sales down 18% YoY
FRIEDMAN INDUSTRIES INC
2025-Q2 EPS reported
$0.27
revenue$221,310,000
- Net loss of $0.7M ($0.10 diluted loss per share) vs net earnings of $3.5M ($0.48 EPS) a year ago.
- Sales fell to $106.8M from $130.7M; total tons sold (inventory + toll) dropped 8% to 139,500 tons.
- Flat-roll segment operating profit slipped to $2.7M from $3.1M; tubular segment had an operating loss of $0.6M.
- Working capital $111.7M; debt reduced 22% during the quarter.
- Outlook: expects slightly lower Q3 volume due to holidays and persistent margin pressure.