Friedman Industries, Incorporated
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $444.6M | $516.3M | $547.5M | $285.2M | $126.1M | $142.1M | $187.2M | $121.2M |
| Cost of Revenue | $441.8M | $491.7M | $504.5M | $244.2M | $102.5M | $139.5M | $174.2M | $111.2M |
| Gross Profit | $2.8M | $24.5M | $43.1M | $41.0M | $23.6M | $2.6M | $12.9M | $9.9M |
| Gross Margin | 0.6% | 4.7% | 7.9% | 14.4% | 18.7% | 1.8% | 6.9% | 8.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $16.2M | $21.0M | $21.9M | $12.5M | $7.8M | $5.1M | $4.8M | $4.2M |
| Operating Income | $3.0M | $24.5M | $21.1M | $28.5M | $15.7M | $-6.9M | $6.4M | $5.7M |
| Operating Margin | 0.7% | 4.7% | 3.8% | 10.0% | 12.5% | -4.8% | 3.4% | 4.7% |
| Interest Expense | $3.0M | $3.1M | $2.2M | $255.0K | $24.6K | $4.8K | $17.5K | $27.8K |
| Pretax Income | $7.7M | $23.3M | $28.2M | $18.3M | $15.2M | $-6.8M | $6.8M | $5.8M |
| Income Tax Expense | $1.6M | $6.0M | $6.8M | $4.3M | $3.8M | $-1.6M | $1.7M | $1.8M |
| Net Income | $6.1M | $17.3M | $21.3M | $14.1M | $11.4M | $-5.2M | $5.1M | $3.9M |
| Net Margin | 1.4% | 3.4% | 3.9% | 4.9% | 9.1% | -3.7% | 2.7% | 3.2% |
| EPS (Basic) | $0.87 | $2.39 | $2.91 | $2.04 | $1.63 | $-0.75 | $0.73 | $0.56 |
| EPS (Diluted) | $0.87 | $2.39 | $2.91 | $2.04 | $1.63 | $-0.75 | $0.73 | $0.56 |
| Shares Outstanding (Basic) | — | — | — | 6.6M | 6.7M | 7.0M | 7.0M | 7.0M |
| Shares Outstanding (Diluted) | 6.9M | 7.2M | 7.2M | 6.6M | 6.7M | 7.0M | 7.0M | 7.0M |
| Dividends Per Share | $0.16 | $0.10 | $0.08 | $0.08 | — | — | — | — |