14
Nov
21:52
Friedman moves back to black in third quarter
Pipe maker and coil processor Friedman Industries returned to profitability in its fiscal second quarter, Kallanish reports.
The company posted a fiscal Q2 profit of $310,039 on sales of about $26 million. In fiscal Q2 2016, the company lost $603,882 on sales of $18.3m.
In a filing with the US Securities and Exchange Commission, the company attributes the turnaround to an uptick in average selling prices, albeit moderated by a dip in tonnage sold.
Average …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous