Friedman Industries, Incorporated reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was USD 137.3 million compared to USD 161.8 million a year ago. Net income was USD 7.69 million compared to USD 11.18 million a year ago.

Basic earnings per share from continuing operations was USD 1.04 compared to USD 1.55 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 1.55 a year ago.