Friedman Industries announced Tuesday that in fiscal Q2 (ended September 30, 2011) earnings jumped from $1.8 million in Q2 2010 to $2.3 million. In fiscal Q1 2011, net earnings were also approximately $1.8 million.
Based in Houston, Texas, Friedman Industries, Incorporated is involved in the pipe manufacturing, steel coil processing and steel and pipe distribution industries, and is the parent company of steel pipe manufacturer Texas Tubular Products.