Quarterly ResultAug 6, 2026, 04:44 PM
Friedman Industries Q1 Net Earnings $12.8M; Sales Up 78% to $240M
AI Summary
Friedman Industries reported strong first-quarter fiscal 2027 results with net earnings of $12.8 million and sales up 78% to $240.0 million. The company achieved record sales volume of 206,000 tons, driven by organic growth and the successful integration of the Century Metals acquisition. Both flat-roll and tubular segments showed significant improvements in sales and operating earnings. The company expects comparable sales volumes and improved margins in the second quarter.
Key Highlights
- Net earnings increased to $12.8 million ($1.79 diluted EPS) from $5.0 million ($0.71 diluted EPS) year-over-year.
- Sales rose 78% to $240.0 million from $134.8 million in the prior year quarter.
- EBITDA grew to $19.3 million from $8.2 million year-over-year.
- Record sales volume reached 206,000 tons, up 28% year-over-year.
- Flat-roll segment sales were $221.8 million, up from $124.1 million year-over-year.
- Tubular segment sales were $18.2 million, up from $10.7 million year-over-year.
- Company expects Q2 sales volumes comparable to Q1 and sequential margin improvement.
Price Impact
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