FRD

Friedman Industries Nasdaq Listing: Friedman Industries, Incorporated will transfer its common stock listing to the Nasdaq Global Select Market effective April 8, 2025, aiming to enhance market visibility and attract more investor capital.

Company Overview and Future Outlook: The company, which manufactures steel products, anticipates improved trading liquidity and increased institutional ownership following the Nasdaq listing, while also acknowledging potential risks associated with forward-looking statements regarding future performance.

Dividend Declaration: Friedman Industries, Incorporated has declared a cash dividend of $0.04 per share on its Common Stock, to be paid on May 23, 2025, marking the company's 213th consecutive quarterly dividend since going public in 1972.

Future Dividend Considerations: The Board of Directors will review dividends quarterly, aiming for stability and potential increases based on the company's financial health and growth plans, although future payments are not guaranteed.

Neogen CEO's Stock Purchase: CEO John Edward Adent bought 23,035 shares of NEOG at $11.03 each, totaling $254,076, marking his second purchase in the past year as the stock trades down 1.4%.

Friedman Industries CEO's Investment: President Mike J. Taylor purchased $36,250 worth of FRD shares at $14.50 each, continuing a trend of buying over the past year, while the stock is currently trading lower than his purchase price.

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Northern Superior's Gold Projects: Northern Superior Resources focuses on gold projects in Quebec and Ontario, holding significant resources in the Chibougamau mining district, and anticipates continued M&A activity in 2025, with its stock rising 2.1% year-to-date.

Research Reports Overview: The Zacks Research Daily highlights new reports on 16 major stocks, including Home Depot, Southern Company, and Infosys, showcasing their recent performance, strategic initiatives, and market challenges.

Stock Performance Insights: Home Depot is focusing on digital growth despite macroeconomic pressures; Southern Company benefits from customer growth but faces regulatory risks; Infosys thrives on digital services while grappling with outsourcing sentiments and currency volatility.

Dividend Declaration: Friedman Industries, Incorporated declared a cash dividend of $0.04 per share on September 18, 2024, to be paid on November 15, marking the company's 211th consecutive quarterly dividend since going public in 1972.

Future Dividend Considerations: The Board of Directors reviews dividends quarterly and aims to maintain stable payments, though future dividends are not guaranteed and depend on various financial factors.

Earnings and Revenue Decline: Friedman Industries reported a significant decrease in earnings per share to 37 cents, down 64.4% from the previous year, with revenues falling 16.6% to $114.6 million due to reduced sales volume and average selling prices across both Flat-Roll and Tubular segments.

Future Outlook: The company anticipates similar sales volumes for the upcoming quarter but notes a potential improvement in margins if the recent increase in hot-rolled coil prices is sustained, despite facing a challenging margin environment.

Friedman Industries Q1 2025 Results: The company reported earnings per share of 37 cents and revenue of $114.55 million for the first quarter of 2025.

InvestorPlace Earnings Automation: InvestorPlace utilizes TradeSmith data to automate coverage of quarterly earnings reports, providing quick insights on key financial metrics without human intervention.

Insider Trades Highlights:

• Notable insider trades include Lions Gate Entertainment Corp., Fortress Biotech, Armada Hoffler Properties, and Friedman Industries.
• Insider purchases can indicate confidence in a company's prospects but should not be the sole basis for investment decisions.

Company Activities:

• Lions Gate Entertainment partners with Amagi for FAST playout, Fortress Biotech pauses dividend payments, Armada Hoffler Properties to report earnings, and Friedman Industries declares a cash dividend.

Friedman Industries Financial Performance:

• Earnings per share (EPS) in Q4 of fiscal 2024 was 71 cents, down 17.4% YoY.
• Full-year EPS was $2.39, a 17.9% decrease from the previous fiscal year.
• Revenues in Q4 were $132.2 million, up 6.5% YoY driven by both business segments.
• Sales volumes increased to 159,000 tons in Q4, an 8.9% rise from the year-ago period.
• Adjusted gross profit increased by 1.5% to $27.5 million, but net income was down 21.4%.

Friedman Industries Business Segments:

• Flat-roll segment reported revenues of $120.6 million, up 6.9% YoY.
• Tubular segment revenues totaled $11.6 million, a 1.8% increase YoY.
• The average per ton selling price for tubular segment inventory decreased by 13.4% in Q4.

Financial Outlook and Operations:

• Friedman Industries exited fiscal 2024 with solid top-line results.
• New facilities and upgrades are expected to boost sales volume in fiscal 2025.
• Concerns over bottom-line performance due to declining selling prices and margin contractions.