Haynes International, Inc. Reports Fourth Quarter and Fiscal 2008 Financial Results (GlobeNewswire) and Friedman Industries, Incorporated Announces Cash Dividend (Business Wire)

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City of Industry, CA --(www.USEquityNews.com)-- 11/25/2008 - Steel and Iron industry alert provided by U.S. Equity News. KOKOMO, Ind., Nov. 24, 2008 (GLOBE NEWSWIRE) -- Haynes International,
Inc. (Nasdaq: HAYN) today reported net revenues of $160.8 million and net income of $16.3 million, or $1.35 per diluted share for the three months ended September 30, 2008, compared to net revenues of $161.0 million and net income of $17.8 million, or $1.50 per diluted share, for the same period of fiscal 2007. Revenues for the full fiscal year ended September 30, 2008 were $637.0 million and net income was $62.8 million, or $5.22 per diluted share, compared to net revenues of $559.8 million and net income of $66.1 million, or $5.89 per diluted share, for fiscal 2007. ``The Company's performance over the past year was solid,

in spite of the increasing challenges of a slowing economic environment. Revenue and pounds shipped for fiscal 2008 represent a record year. [Read the full article]

HOUSTON--(BUSINESS WIRE)--Friedman Industries, Incorporated (AMEX: FRD):The Board of Directors of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on November 24, 2008, a quarterly cash dividend of $0.12 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 20, 2009, to shareholders of record at the close of business on January 23, 2009.For further information regarding this dividend, please contact Mr. Ben Harper, Senior Vice President-Finance at 713-672-9433. [Read the full article]

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