Filing Flows › Friedman Industries (FRD) › Q3 FY25
Friedman Industries (FRD) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 7, 2025
Friedman Industries (FRD) reported revenue of $94.1M for the third quarter fiscal 2025 (Q3 FY25), -19% from a year earlier and -12% from the quarter before. Operating margin was -1.3%, net loss $1.2M (1.2% of revenue).
Friedman Industries, Q3 FY25: revenue $94.1M (-19% year over year), operating margin -1.3%, net loss $1.2M, operating cash flow $2.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $94.1M | -12% | -19% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | $2.7M | -75% | -87% |
| Free cash flow | $1.6M | -84% | -92% |
What changed
Revenue was $94.1M in Q3 FY25, down 19% year over year and down 12% from the previous quarter. Flat-roll was the largest line at 92% of revenue. Flat-roll lost $20.3M year over year (down 19%), 93% of the total change.
Operating costs exceeded revenue by $1.2M, an operating margin of -1.3%. Total costs fell 13% while revenue fell 19%. The quarter ended with a net loss of $1.2M, wider than the previous quarter's $675K loss.
Operating cash flow was $2.7M (down 87% year over year). Non-cash charges added back $827K of depreciation and amortization. Working capital and other items added $3.0M. Capital expenditures of $1.1M left free cash flow of $1.6M.
Questions
What was Friedman Industries' revenue in the third quarter fiscal 2025?
Friedman Industries (FRD) reported revenue of $94.1M for the third quarter fiscal 2025 (Q3 FY25), -19% from a year earlier and -12% from the quarter before.
Was Friedman Industries profitable in the third quarter fiscal 2025?
Operating loss was $1.2M (-1.3% of revenue) and net loss $1.2M.