Friedman Industries, Inc. (FRD) Tuesday reported a drop in fourth-quarter profit, hurt mainly by higher expenses offsetting growth in revenues.
Net income for the quarter decreased to $2.2 million or $0.32 per share from $3.2 million or $0.47 per share in the prior-year quarter.
Fourth-quarter revenues increased to $43.6 million from $42.0 million last year.
Costs and expenses for the quarter totaled $40.3 million, compared to $37.4 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.