Friedman industries, incorporated announces third quarter results

Longview, texas, feb. 14, 2022 (globe newswire) -- the company announced today its results of operations for the fiscal third quarter. for the quarter ended december 31, 2021 (the “2021 quarter”), the company recorded a net loss of $2,961,833 ($0.43 diluted loss per share) on sales of $51,655,943 compared to net earnings of $2,129,745 ($0.30 diluted earnings per share) on net sales of $28,502,049 for the quarter ended december 31, 2020 (the “2020 quarter”). the 2021 quarter results were impacted by the recognition of a net loss of $12,995,160 related to hot-rolled coil futures.
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