Friedman Industries, Inc. (FRD) Reports Earnings for Fourth Quarter and Full Year 2010
Friedman Industries, Inc. reported net income of $1.06 million, or $0.16 per diluted share, in the fourth quarter of fiscal 2010. The company reported a loss of $0.3 million, or $0.04 per diluted share, in the corresponding quarter in fiscal 2009. Friedman Industries, Incorporated reported revenues of $23.3 million in the fourth quarter of fiscal 2010, up slightly from the $21.9 million in revenues reported in the fourth quarter of fiscal 2009. Friedman Industries, Inc. also reported a profit in fiscal 2010. The company reported net income for the year of $0.6 million, or $0.10 per diluted share. In fiscal…