Tubular weakness sinks Friedman’s earnings

Jun 12, 2014 | 03:11 PM | Thorsten Schier

Tags  Friedman Industries, earnings report, tubular, coil, pipe, Thorsten Schier

NEW YORK — Falling tubular selling prices and volumes sent Friedman Industries Inc.’s net income tumbling 72.1 percent in fiscal 2014.

"In fiscal 2014, the company experienced soft market conditions and reduced demand for its products and services," the Houston-based company said in a June 11 earnings report to the Securities and Exchange Commission. ....

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