New insider activity at Friedman Industries ( (FRD) ) has taken place on February 12, 2025.
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Director Tim Scott Stevenson has made a significant investment by purchasing 1,500 shares of Friedman Industries stock, amounting to a total of $25,845.
Recent Updates on FRD stock
Friedman Industries, Incorporated recently reported its third-quarter earnings for fiscal year 2025, highlighting a challenging period due to pricing pressures and political uncertainties that affected sales volumes and margins. The company experienced a net loss of $1.2 million, a stark contrast to the net income of $1.2 million from the same period the previous year. Despite a 9% reduction in debt and an improved sales backlog, lower-than-expected sales and profits were attributed to decreased steel prices and holiday disruptions. The flat-roll and tubular segments both faced significant sales challenges, although the company managed a modest gain from hedging activities. Looking forward, Friedman Industries expects improved sales volumes and margins in the fourth quarter, buoyed by increased order activity and rising steel prices, while maintaining optimism about its long-term industry position.
More about Friedman Industries
YTD Price Performance: 10.16%
Average Trading Volume: 12,236
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $118.2M