| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 4,586 | 2,099 | ||
| Accounts receivable, net of allowances for credit losses and cash discounts of 150 and 147 at september 30, and march 31, 2025, respectively | 62,257 | 50,717 | ||
| Inventories | 161,566 | 103,458 | ||
| Current portion of derivative assets | 990 | 328 | ||
| Other current assets | 1,926 | 1,327 | ||
| Total current assets | 231,325 | 157,929 | ||
| Land | 11,642 | 1,572 | ||
| Buildings and yard improvements | 33,253 | 30,393 | ||
| Machinery and equipment | 61,494 | 59,197 | ||
| Construction in process | 2,346 | 689 | ||
| Less accumulated depreciation | 35,554 | 34,641 | ||
| Total property, plant, and equipment | 73,181 | 57,210 | ||
| Operating lease, right-of-use asset | 5,108 | 2,788 | ||
| Other assets | 1,675 | 1,151 | ||
| Total assets | 311,289 | 219,078 | ||
| Accounts payable and accrued expenses | 67,844 | 35,289 | ||
| Income taxes payable | 143 | 2,272 | ||
| Dividends payable | 282 | 282 | ||
| Accrued employee compensation and related expenses | 2,966 | 2,551 | ||
| Current portion of derivative liability | 142 | 82 | ||
| Total current liabilities | 71,377 | 40,476 | ||
| Postretirement benefits other than pensions | 118 | 118 | ||
| Deferred income tax liability | 5,445 | 5,452 | ||
| Non-current lease liabilities | 4,466 | 2,713 | ||
| Seller note payable, net | 3,489 | - | ||
| Contingent consideration liability | 3,580 | - | ||
| Asset based lending facility | 83,541 | 33,039 | ||
| Total liabilities | 172,016 | 81,798 | ||
| Common stock, par value 1 authorized shares 10,000,000 issued shares 8,966,763 and 8,877,229 shares at september 30, and march 31, 2025 | 8,967 | 8,967 | ||
| Additional paid-in capital | 35,463 | 35,427 | ||
| Treasury stock at cost (shares 1,907,323 and 1,906,693 shares at september 30, and march 31, 2025, respectively) | 13,110 | 13,110 | ||
| Retained earnings | 107,953 | 105,996 | ||
| Total stockholders equity | 139,273 | 137,280 | ||
| Total liabilities and stockholders equity | 311,289 | 219,078 | ||
FRIEDMAN INDUSTRIES INC (FRD)
FRIEDMAN INDUSTRIES INC (FRD)