Quarterly ResultAug 6, 2026, 04:47 PM
FRIEDMAN INDUSTRIES Q1 Net Sales $239.97M, EPS $1.79
AI Summary
Friedman Industries reported strong financial results for the first quarter ended June 30, 2026, with significant increases in net sales, net earnings, and EPS compared to the prior year. The company's total assets and stockholders' equity also grew. These results reflect the continued integration and expansion following the acquisition of Century Metals & Supplies Inc. in August 2025, which broadened its market presence and product offerings.
Key Highlights
- Net Sales increased to $239.97 million for Q1 2026, up from $134.78 million in Q1 2025.
- Net Earnings rose to $12.78 million for Q1 2026, compared to $5.03 million in Q1 2025.
- Basic and Diluted EPS reached $1.79 for Q1 2026, up from $0.71 in Q1 2025.
- Cash dividends declared per common share remained at $0.04 for both Q1 2026 and Q1 2025.
- Flat-roll segment net sales were $221.75 million, and Tubular segment net sales were $18.22 million for Q1 2026.
- Total Assets increased to $373.44 million at June 30, 2026, from $336.81 million at March 31, 2026.
- The company recorded a loss of $2.76 million on economic hedges of risk in Q1 2026, compared to a gain of $0.28 million in Q1 2025.
- Construction in process includes approximately $1.8 million for an expansion project at the Sinton, TX facility.
Price Impact
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