| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 239.97 | 78.0% |
| Total Income | 239.97 | 78.0% |
| Expenditure | 218.94 | 71.4% |
| PBT | 16.98 | 155.3% |
| Net Profit | 12.78 | 154.1% |
| OPM | 8.77% | 3.54pp |
| NPM | 5.33% | 1.60pp |
| EPS | 1.79 | 152.1% |
Friedman Industries Announces Strong Q1 2026 Results with Record Sales Volume and Net Earnings Growth
07 Aug 2026 · 7 Aug, 2:24 am
Summary
Friedman Industries announced strong first quarter results for fiscal 2027, highlighted by record sales volume and significant financial performance improvements. Net earnings rose to $12.8 million on net sales of $240.0 million, a 78% increase year-over-year, driven by a 28% increase in sales volume. EBITDA more than doubled to $19.3 million from $8.2 million in the prior year quarter. Management expressed satisfaction with the results, attributing them to the commercial strategy, operational execution, and the successful integration of Century Metals, positioning the company for continued growth.
Key Highlights
- 1
Friedman Industries reported net earnings of $12.8 million for the first quarter ended June 30, 2026.
- 2
Sales for the first quarter reached $240.0 million, marking a significant 78% increase year-over-year.
- 3
The company achieved a record quarter for sales volume, up 9% sequentially and 28% year-over-year.
- 4
EBITDA increased substantially to $19.3 million for the quarter, up from $8.2 million in the prior year period.
- 5
Operating cash flow for the quarter was $7.3 million.
- 6
Net sales in the flat-roll segment were approximately $221.8 million, compared to $124.1 million in the prior year quarter.
- 7
The tubular segment reported earnings from operations of approximately $2.1 million for the quarter.
Management Comments
Michael J. Taylor
We are pleased to begin fiscal 2027 with another quarter of record sales volume and significantly improved financial performance. Our first quarter results reflect the ongoing strength of our commercial strategy, disciplined execution across our operations, and the benefits of our expanded operating platform. Net earnings increased to $12.8 million on record quarterly sales volume, demonstrating our ability to translate higher throughput and improved margins into meaningful earnings growth. Most encouraging is that most of our expanded year-over-year sales volume came from organic growth at the facilities we operated prior to the Century acquisition, underscoring the success of our investments to expand capacity utilization, win new business, and deepen customer relationships. We have built a more diversified and capable business through disciplined investment and operational execution. Century Metals has integrated exceptionally well into our platform and continues to contribute meaningfully to both growth and profitability while expanding our geographic reach and customer offering. Together with the strong performance of our legacy operations, this demonstrates the strength of our operating model and the value of our long-term growth strategy. Combined with our strong balance sheet, broad processing capabilities, and disciplined commercial approach, we believe Friedman is well positioned to continue growing and delivering value for our customers and shareholders. We enter the second quarter with strong operating momentum and expect sales volumes to remain comparable to our record first quarter levels, while higher average selling prices are anticipated to drive sequential margin improvement. Our diversified operating platform, disciplined commercial approach, and strong balance sheet position us well to capitalize on growth opportunities and continue executing our long-term strategy while delivering value for our shareholders.
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