Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel coil processing and steel and pipe distribution, announced that for its fiscal Q1, ended June 30, 2013, the company recorded net earnings of $808,359 on sales of $29,582,144.
During the quarter ended June 30, 2012, the company recorded net earnings of $2,091,854 on sales of $39,434,770.
Source:
http://www.steelorbis.com/steel-news/latest-news/sales-and-earnings-falter-for-friedman-industries-776730.htm
