16
Aug
18:55
Friedman records Q1 net loss
Houston, Texas-based flat-rolled steel processor and pipe producer Friedman Industries slipped into the red in its fiscal first quarter, Kallanish learns from the company’s earnings announcement.
Friedman posted a net loss in Q1 of $1.46 million on sales of $22.39m. In Q1 2015, Friedman posted a net gain of $525,949 on sales of $23.97m.
In the company’s filing with the US Securities and Exchange Commission, Friedman says its flat-rolled sales were…
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Anonymous
Very good overview of the weekly steel market.
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