• Powered by Crown Equity Holdings Inc.
      • crown-logo

        Crown Equity Holdings Inc. is publicly traded with the symbol CRWE. The Company primarily provides and offers advertising, branding, marketing solutions and services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. For list of services offered click here

Post on CRWE World Login
logo Cambridge, UNITED STATES
header-img
  • Home
  • News
  • World
      • World News
      • Español
  • Politics
      • U.S. Legislators
      • Political News
  • Sports
  • Business
      • Markets
      • Hottest Stocks Today
      • CRWEWorld Stocks
      • Blockchain
      • Regulatory
      • Accounting
      • Fundraising Campaigns
      • IPOs
      • Money
      • Career
  • Tech
      • Tech
      • Science
  • Living
      • Arts & Entertainment
      • Family
      • Food
      • Pets
      • Seniors
      • Fashion/Fitness
      • Home & Garden
  • Health
      • Health
      • Pharma & Biotech
  • Opinion
      • Finance
      • Law
      • Healthcare
      • Cannabidiol (CBD)
      • Fashion
      • Podcasts
      • Tech
      • Music
  • Travel
  • Local
      • News
      • Trending Now
      • Real Estate
      • Coupons & Deals
      • Business Directory
  • Jobs
  • More
      • Business 2 Business
      • Press Releases
      • Press Releases Pricing
      • News from GlobeNewswire
      • News from PR Newswire
      • News from Business Wire
      • News from Accesswire
      • Video Channels
      • Beauty
      • Business
      • Comedy
      • Entertainment
      • Fashion
      • Featured
      • Health
      • Instructional
      • News
      • Politics
      • Sports
      • Technology
      • Entertainment
      • Horoscope
      • Sudoku
      • Crossword
      • Games
      • Chat
      • Affiliate | How It Works
      • Join CRWE WORLD Affiliate Program
      • CRWE WORLD Advertising Services Rate
      • Crown Equity Holdings' Overview
      • CRWEWorld Real-Time Global Visitors
      • Content Delivery Solution
        • Contact Us
  • More

Change City


-- OR --
load
load
/assets/img/hottest3.png
/assets/img/hottest2.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png
  • Home
  • Articles
  • News Provided by GlobeNewswire
21ьз╕ Cweather-icon
/assets/img/hottest3.png
/assets/img/hottest2.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2018 Results

News Provided by GlobeNewswire2018-06-28
14 Views

LONGVIEW, Texas, June 28, 2018 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American:FRD), headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama and Lone Star, Texas. The Company has two reportable segments; coil products and tubular products. The coil product segment consists of the operations in Hickman and Decatur where the Company processes hot-rolled steel coils using temper mills and cut-to-length lines. The tubular product segment consists of the operations in Lone Star where the Company manufactures electric resistance welded pipe, provides pipe finishing services and distributes pipe.  

The Company announced today its results of operations for the quarter and year ended March 31, 2018. For the year ended March 31, 2018, the Company recorded net earnings of $2,759,404 ($0.39 diluted earnings per share) on sales of $121,157,278. For the year ended March 31, 2017, the Company recorded a net loss of $2,678,684 ($0.39 diluted loss per share) on sales of $77,756,055.

For the quarter ended March 31, 2018, the Company recorded net earnings of $2,155,816 ($0.31 diluted earnings per share) on sales of $43,962,778 compared to a net loss of $376,958 ($0.06 loss per share diluted) on net sales of $21,056,040 for the quarter ended March 31, 2017.

SUMMARY OF OPERATIONS      
         
   Three Months Ended March 31,   Year Ended March 31, 
   2018  2017   2018  2017 
         
Net Sales $  43,962,778 $  21,056,040  $  121,157,278 $  77,756,055 
         
Total costs and       
  other income   41,247,746    21,558,099     117,089,984    81,906,871 
         
Earnings (loss) before       
  income taxes   2,715,032    (502,059)    4,067,294    (4,150,816)
         
Income taxes   559,216    (125,101)    1,307,890    (1,472,132)
         
         
Net earnings (loss)$  2,155,816 $  (376,958) $  2,759,404 $  (2,678,684)
         
Weighted average shares outstanding:      
  Basic    7,009,444    6,851,944     7,009,444    6,851,944 
  Diluted    7,009,444    6,851,944     7,009,444    6,851,944 
         
Net earnings (loss) per share:      
  Basic $  0.31 $  (0.06) $  0.39 $  (0.39)
  Diluted $  0.31 $  (0.06) $  0.39 $  (0.39)

The improved fiscal 2018 results were driven by an increased volume of shipments for both the coil and tubular segments. For fiscal 2018, coil segment sales volume increased 19% and tubular segment sales volume increased 98% compared to fiscal 2017 volumes. The Company experienced improved demand throughout fiscal 2018 with a more notable increase during the fourth quarter associated with reactions to the Section 232 steel trade actions and the first full quarter of marketing API line pipe. Management expects results for the first quarter of fiscal 2019 to be positively impacted by the continuation of these conditions.

For further information, please refer to the Company's Form 10-K as filed with the U.S. Securities and Exchange Commission on June 28, 2018 or contact Alex LaRue, Chief Financial Officer – Secretary and Treasurer, at (903)758-3431.



© 2018 GlobeNewswire, Inc. All Rights Reserved.

Read More..
The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.


Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) Reports Fourth Quarter and Full Year 2020



/assets/img/cw-stocks.png

/assets/img/wysh-jewels.png

/assets/img/hjli.png

/assets/img/Mars-Parachute-2.png

/assets/img/crweworld-podcast.jpg
Sponsored
Also read
Cavco Industries Announces New Park Model Facility in Arizona
Global WholeHealth Partners Corp (GWHP-OTC) to Announce That the Antibody Test Kits Offered by Global Can Detect the S1 Protein Used in COVID 19 Vaccines
Cluny Capital Corp. Announces Its Annual and Special Meeting of Shareholders to Be Held on March 31, 2021
Orca Energy Group Inc. Announces Independent Reserves Evaluation for Year End 2020
Toll Brothers Apartment Living®/J.P. Morgan Global Alternatives Joint Venture Opens Carraway in West Harrison, NY
Key Technologies and Innovations in Highway Driving Assist Market
Transfer membrane market To Reach USD 187.9 million by 2023 - Growing Demand For Life Science Research
Primary Cells Market : Hematopoietic cells segment accounted for the largest share


Post on CRWE WorldSign Up for Free E-mail Updates
  • Real Estate Eagle Firm, Real Estate
  • Hancock Jaffe Laboratories, Nasdaq:HJLI, HJLI
Signup for free email updates
/assets/img/wall-street-rect2.png
/assets/img/wall-street-sq.png



Join with us
Live Traffic Feed
About CrweWorld
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Finance Disclaimer
  • Jobs
Subscribe for newsletter
3+2
Contact Info
  • contact@crweworld.com

  • P: (702) 683-8946

  • P: (702) 810-0178

  • 11226 Pentland Downs St, Las Vegas, NV 89141

Tweets by CrweWorld
Tweets by @CrweWorld
  • © 2021 crweworld.com
ad1

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

ad2

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

ad3

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

ad4

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

ad5

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

Advertisements

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

CRWE WORLD Advertising Services RateJoin CRWE WORLD Affiliate Program