Friedman results up despite halt to Nucor coil
Nov 17, 2004 | 10:52 AM
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Steel coil processing and pipe manufacturing and distribution company Friedman Industries Inc. said earnings and sales during its fiscal second quarter and six-month period jumped sharply, although its coil product segment tonnages declined after a business unit suspended purchases of non-standard coils from Nucor Corp.
The Houston-based company posted net income of nearly $2 million for the three months ended Sept. 30 vs. $291,000 a year earlier on sales that soared 92.9 percent to $49 million.....
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