FRIEDMAN INDUSTRIES INC
For the period ended Mar 31, 2025. Filed Jun 12, 2025.
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FY2025 · Filed Jun 12, 2025
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EX-13.1 · 5. PROPERTY, PLANT AND EQUIPMENT
5. PROPERTY, PLANT AND EQUIPMENT
At* March 31, 2025,the Company's construction in process balance of approximately $0.1 million consisted primarily of smaller projects among our facilities. During fiscal2025,* the Company's tubular segment sold some unutilized land, buildings and equipment for $1.6 million resulting in a gain of approximately $0.5 million. During fiscal 2025, a processing line upgrade at the Decatur, AL facility was placed into service at a cost of approximately $1.9 million and a loss of approximately $0.2 million was recognized for disposal of the replaced equipment.
Depreciation expense was approximately $3.2 millionand $3.0 million for fiscal2025 and fiscal2024, respectively.
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