FRIEDMAN INDUSTRIES INC
For the period ended Mar 31, 2024. Filed Jun 11, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 11, 2024
FRD$36.00+1.4%Stored close · as of Nov 6, 2026
Contents
EX-13.1 · (In thousands, except per share data)
(In thousands, except per share data)
| Year Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net Sales | $516,251 | $547,542 |
| Costs and expenses: | ||
| Cost of materials sold | 417,143 | 456,419 |
| Processing and warehousing expense | 26,690 | 21,146 |
| Delivery expense | 23,791 | 24,483 |
| Selling, general and administrative | 21,039 | 21,894 |
| Depreciation and amortization | 3,070 | 2,526 |
| 491,733 | 526,468 | |
| EARNINGS FROM OPERATIONS | 24,518 | 21,074 |
| Gain on economic hedges of risk | 1,848 | 9,306 |
| Interest expense | (3,072) | (2,218) |
| Other income | 20 | 27 |
| EARNINGS BEFORE INCOME TAXES | 23,314 | 28,189 |
| Provision for income taxes: | ||
| Current | 5,175 | 3,519 |
| Deferred | 794 | 3,326 |
| 5,969 | 6,845 | |
| NET EARNINGS | $17,345 | $21,344 |
| Net earnings per share: | ||
| Basic | $2.39 | $2.91 |
| Diluted | $2.39 | $2.91 |
| Cash dividends declared per common share | $0.10 | $0.08 |
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