Quarterly ResultJun 11, 2026, 05:01 PM
Friedman Industries Reports Record FY2026 Sales of $646.9M, Net Earnings $19.5M
AI Summary
Friedman Industries announced strong fourth quarter and full fiscal year 2026 results, highlighted by record sales volumes and significant increases in net earnings and EBITDA. The company reported Q4 FY2026 net earnings of $9.2 million on sales of $191.8 million, with sales volume up 14%. For the full fiscal year, net earnings reached $19.5 million on sales of $646.9 million, a 46% increase. The acquisition of Century Metals contributed to volume growth. Management anticipates continued momentum into fiscal year 2027 with expected sequential margin improvement.
Key Highlights
- Friedman Industries reported Q4 FY2026 net earnings of $9.2 million ($1.30 EPS) on sales of $191.8 million, a 14% increase in sales volume.
- Full fiscal year 2026 net earnings were $19.5 million ($2.76 EPS) on sales of $646.9 million, a 46% increase in sales.
- Fiscal year 2026 sales volume increased 22% to 706,000 tons, driven by existing operations and the Century Metals acquisition.
- Q4 FY2026 EBITDA was $15.2 million, up from $8.5 million in the prior year quarter.
- Full fiscal year 2026 EBITDA was $34.3 million, up from $13.9 million in fiscal year 2025.
- Management expects Q1 FY2027 sales volumes to be comparable to Q4 FY2026, with sequential margin improvement.
- Flat-roll segment sales increased to $175.7 million in Q4 FY2026 from $117.7 million in Q4 FY2025.
- Tubular segment sales increased to $16.1 million in Q4 FY2026 from $11.5 million in Q4 FY2025.
Price Impact
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