Metals processing firm Friedman's Q3 sales rise
Overview
Metals processing firm's fiscal Q3 sales rose 79% yr/yr, driven by Century acquisition
Company reported net earnings of $3 mln
Average selling prices improved, contributing to margin enhancement
Outlook
Company expects Q4 sales volumes to remain consistent with Q3 levels
Friedman anticipates improved sales margins due to rising average selling prices
Result Drivers
CAPACITY UTILIZATION - Improved capacity utilization contributed to strong sales and volume growth, per CEO Michael Taylor
CENTURY ACQUISITION - Contribution from Century acquisition boosted sales and volume growth
HEDGING ACTIVITIES - Hedging activities mitigated commodity price volatility impact on inventory values and operating results
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| $167.97 mln |
|
Q3 Net Income |
| $3.04 mln |
|
Press Release: ID:nGNX6jsGNk
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
Related Articles
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Will TRON Reach $10? TRX Price Prediction 2026 and Canary Staked ETF Update
Explore TRON's 2026 outlook: Will TRX reach $10? Get the latest on the Canary Staked ETF SEC status, Justin Sun's strategy, and TRX price predictions through 2032.
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
