Friedman Industries Q4 Net Earnings $9.2M; Record Sales Volume
Friedman Industries reported strong financial results for the fourth quarter and fiscal year ended March 31, 2026. Fourth quarter net earnings rose to $9.2 million on record sales volume of 189,000 tons and sales of $191.8 million. For the full fiscal year, net earnings reached $19.5 million on record sales volume of 706,000 tons and sales of $646.9 million, reflecting the effectiveness of its long-term growth strategy and the Century Metals acquisition. Management anticipates Q1 fiscal 2027 sales volumes to be comparable to Q4 fiscal 2026, with sequential margin improvement.
Key Highlights
- Q4 FY2026 net earnings increased to $9.2 million ($1.30 diluted EPS) from $5.3 million YoY.
- Q4 FY2026 sales reached $191.8 million, up from $129.2 million in the prior year quarter.
- Q4 FY2026 sales volume hit a record 189,000 tons, a 14% increase over Q4 FY2025.
- FY2026 net earnings were $19.5 million ($2.76 diluted EPS), up from $6.1 million in FY2025.
- FY2026 sales increased 46% to $646.9 million from $444.6 million in FY2025.
- FY2026 sales volume achieved a record 706,000 tons, a 22% increase over FY2025.
- The Century Metals acquisition contributed approximately 20% to the annual sales volume increase.
- Management expects Q1 FY2027 sales volumes to be comparable to Q4 FY2026.
Price Impact
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