Friedman Industries files Century Metals audited results: $98.8M rev, $4.1M net income in 2024

FRIEDMAN INDUSTRIES INC

Century Metals FY2024 net sales $98.8M (down from $103.8M in 2023); net income $4.1M vs $4.2M.
Total assets $68.6M, liabilities $42.1M at Dec 31, 2024; acquisition closed Aug 29, 2025.
Pro forma condensed combined financials filed for acquisition of Florida service centers in Miami, Tampa, Orlando.
Customer concentration: one customer accounted for 11% of 2024 sales ($10.9M).
Two vendors provided 28% of cost of sales in 2024; line of credit $16.5M at SOFR+2.5%.

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