FRD

LONGVIEW, Texas, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NASDAQ/GS: FRD) announced today its results of operations for the quarter ended December 31, 2025. December 31, 2025 Quarter Highlights: Net earnings of $3.0 million Sales of $168.0 million; up 79% year-over-year Sales volume increased 36% year-over-year “We delivered strong year-over-year growth in sales and volumes during the third fiscal quarter, driven by improved capacity utilization, disciplined commercial execution, and the contribution from our Century acquisition,” said Michael Taylor, President and Chief Executive Officer. “Average selling prices began to improve as the quarter progressed, contributing to margin improvement late in the period. In addition, our hedging activities continued to perform as anticipated by mitigating the impact of commodity price volatility on inventory values and operating results. With improving average selling prices and a strong balance sheet, we believe Friedman is well positioned to enhance margins and capitalize on both near-term opportunities and long-term industry demand,” Taylor concluded. FINANCIAL RESULTS For the quarter ended December 31, 2025 (the “2025 quarter”), the Company recorded net earnings of approximately $3.0 million ($0.43 diluted earnings per share) on sales of approximately $168.0 million compared to a net loss of approximately $1.2 million ($0.17 diluted loss per share) on sales of approximately $94.1 million for the quarter ended December 31, 2024 (the “2024 quarter”). The table below provides our unaudited statements of operations for the three- and nine-month periods ended December 31, 2025 and 2024: The table below provides summarized unaudited balance sheets as of December 31, 2025 and March 31, 2025: FLAT-ROLL SEGMENT OPERATIONS Flat-roll product segment sales for the 2025 quarter totaled approximately $153.0 million, compared to approximately $86.1 million for the 2024 quarter. Sales volume for the 2025 quarter consisted of approximately 149,500 tons from inventory and another 15,500 tons of toll processing, compared to approximately 105,000 tons from inventory and 18,000 tons of toll processing in the 2024 quarter. The increase in sales volume was driven by stronger demand among some customers, successful commercial efforts to increase capacity utilization and the acquisition of Century. Same facility...

LONGVIEW, Texas, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NASDAQ/GS: FRD) announced today its results of operations for the quarter ended September 30, 2025. September 30, 2025 Quarter Highlights: Net earnings of $2.2 million Sales of $152.4 million: up 43% year-over-year Highest sales volume in Company history: up 28% year-over-year and up 12% quarter-over-quarter Acquisition of Century Metals & Supplies on August 29, 2025 “This quarter marks a significant milestone for Friedman, as we achieved record sales volume driven by our focused efforts to improve capacity utilization across our operations,” said Michael J. Taylor, President and Chief Executive Officer. “At the same time, we successfully completed the acquisition of Century Metals & Supplies which expands our product portfolio, processing capabilities, and geographic reach. These accomplishments reflect the strength of our strategy, the dedication of our team, and the trust of our customers. With our enhanced scale and capabilities, we are better positioned than ever to deliver innovative solutions to our customers and sustainable growth to our shareholders,” Taylor concluded. For the quarter ended September 30, 2025 (the “2025 quarter”), the Company recorded net earnings of approximately $2.2 million ($0.32 diluted earnings per share) on sales of approximately $152.4 million compared to a net loss of approximately $0.7 million ($0.10 diluted loss per share) on sales of approximately $106.8 million for the quarter ended September 30, 2024 (the “2024 quarter”). Sales volume for the 2025 quarter consisted of approximately 154,500 tons of inventory sold and another 24,500 tons of toll processing customer owned material compared to 2024 quarter sales volume consisting of approximately 121,500 tons of inventory sold and another 18,000 tons of toll processing. The increase in sales volume for the 2025 quarter was primarily related to a combination of stronger demand among some customers and successful gains of market share. The 2025 quarter results include non-recurring expenses of approximately $0.9 million related to the acquisition of Century Metals & Supplies. The table below provides our unaudited statements of operations for the three- and six-month periods ended September 30, 2025 and 2024: The table below provides summarized unaudited balance sheets as of September 30, 2...

Shares of Friedman Industries, Incorporated FRD have gained 14.8% since the company reported its earnings for the quarter ended June 30, 2025, significantly outpacing the S&P 500 Index’s 0.5% growth over the same period. Over the past month, the stock rose 7.7%, again beating the S&P 500’s 2.1% increase, reflecting strong investor enthusiasm following the quarterly release. Friedman Industries reported net earnings of $5 million, or $0.71 per diluted share, for the first quarter of fiscal 2026, compared with $2.6 million, or $0.37 per diluted share, a year earlier. Net sales were $134.8 million, up 17.7% from $114.6 million in the prior-year quarter. Segmentally, the flat-roll division posted sales of $124.1 million, up 20% from $103.4 million, with operating income climbing to $8.8 million from $2.7 million, despite a slight drop in per-ton selling prices. The tubular segment saw a 4.1% sales dip to $10.7 million from $11.2 million due to lower volume, but operating results improved sharply, swinging from a $1.2 million loss to a $1.3 million profit on higher selling prices. Adjusted gross profit rose 60.3% to $29.1 million from $18.1 million a year ago, with margins expanding from 15.8% to 21.6%. Operating cash flow was a robust $15.5 million, enabling a $14.7 million reduction in debt. FRD ended the quarter with $117.5 million in working capital and a current ratio of 3.9. Debt under its $150 million asset-based lending facility (ABL Facility) stood at $33 million at quarter-end. Inventory totaled $103.5 million as of June 30, 2025, compared with $113.7 million as of March 31, 2025, reflecting a strategic reduction from the prior quarter, led by lower flat-roll raw material levels. Friedman Industries Inc. price-consensus-eps-surprise-chart | Friedman Industries Inc. Quote CEO Michael J. Taylor highlighted the combination of improved margins and solid sales volume as the main drivers of the strong fiscal first-quarter performance. Taylor noted that demand from certain customers strengthened and that strategic commercial efforts boosted facility capacity utilization. Taylor expressed optimism about the long-term demand outlook for the industry, citing Friedman Industries’ readiness to capitalize on opportunities and confidence in the company’s ability to unlock its growth potential. The quarter’s improved profitability reflected favorable market conditions...

LONGVIEW, Texas, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NASDAQ/GS: FRD) announced today its results of operations for the quarter ended June 30, 2025. June 30, 2025 Quarter Highlights: Sales of $134.8 million with a 12% increase in tons sold year-over-year Net earnings of $5.0 million Operating cashflow of $15.5 million and debt reduction of $14.7 million Working capital balance of $117.5 million “We are pleased to start our new fiscal year with a strong first quarter performance,” said Michael J. Taylor, President and Chief Executive Officer. “Improved margins and solid sales volume drove net earnings of $5.0 million for the quarter,” Taylor concluded. For the quarter ended June 30, 2025 (the “2025 quarter”), the Company recorded net earnings of approximately $5.0 million ($0.71 diluted earnings per share) on net sales of approximately $134.8 million compared to net earnings of approximately $2.6 million ($0.37 diluted earnings per share) on net sales of approximately $114.6 million for the quarter ended June 30, 2024 (the “2024 quarter”). Sales volume for the 2025 quarter consisted of approximately 141,500 tons of inventory sold and another 19,000 tons of toll processing customer owned material compared to the 2024 quarter sales volume consisting of approximately 119,000 tons of inventory sold and another 24,000 tons of toll processing. The increase in sales volume for the 2025 quarter was related to a combination of stronger demand among some customers and successful commercial efforts as we strive to increase the capacity utilization of our facilities. The table below provides our unaudited statements of operations for the quarters ended June 30, 2025 and 2024: The table below provides summarized unaudited balance sheets as of June 30, 2025 and March 31, 2025: FLAT-ROLL SEGMENT OPERATIONS Flat-roll product segment sales for the 2025 quarter totaled approximately $124.1 million compared to approximately $103.4 million for the 2024 quarter. The flat-roll segment had sales volume of approximately 132,500 tons from inventory and another 19,000 tons of toll processing for the 2025 quarter compared to approximately 109,000 tons from inventory and 24,000 tons of toll processing for the 2024 quarter. The average per ton selling price of flat-roll segment inventory decreased from approximately $932 per ton in the 2024 quarter to appr...

Shares of Friedman Industries, Incorporated FRD have lost 3.2% since the company released its earnings results for the quarter ended March 31, 2025. This underperformance compares to a 0.7% dip in the S&P 500 Index over the same period. However, over the past month, Friedman Industries’ stock showed a slight gain of 0.5%, trailing the S&P 500’s 0.9% advance. For the fourth quarter of fiscal 2025, Friedman Industries reported net earnings of $5.3 million, or $0.76 per diluted share, marking a 7.8% increase from $4.9 million, or $0.71 per share, in the year-ago period. Despite a 2.3% dip in quarterly sales to $129.2 million from $132.2 million, the company achieved record quarterly sales volume of 166,500 tons, a 4.7% year-over-year rise and a 28% sequential increase compared to the third quarter. Notably, steel prices rose 35% in the quarter, aiding margin expansion. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) On a full-year basis, however, performance lagged. Fiscal 2025 net earnings plunged 64.9% to $6.1 million ($0.87 per diluted share) from $17.3 million ($2.39 per share) in fiscal 2024. Annual sales dropped 13.9% to $444.6 million from $516.3 million. The downturn reflected a challenging pricing environment in the first three quarters, partially offset by margin recovery in the final quarter. Segmentally, the flat-roll contributed $117.7 million in sales for the fiscal fourth quarter, 2.4% lower than $120.6 million in the year-ago quarter. Although tons sold from inventory rose 15.8% to 139,000 from 120,000, toll processing volumes fell 44.1% to 16,500 tons from 29,500. The average selling price dropped 15.8% from $993 per ton to $836 per ton. Operating income from the segment fell to $7.1 million from $9.6 million. Meanwhile, the tubular segment generated $11.5 million in sales, nearly flat year over year. However, volume rose 15.8% to 11,000 tons from 9,500 tons, while the average selling price declined 14.1% to $1,044 per ton from $1,216 per ton. Operating earnings in this unit dropped to $0.6 million from $0.8 million. Friedman Industries Inc. price-consensus-eps-surprise-chart | Friedman Industries Inc. Quote Friedman Industries continued to benefit from its hedging program, recording a $1.8 million gain from hot-rolled coil futures during the fourth quarter of fiscal 2025 and $7.6 million for the full fiscal year. Thes...

Revenue: US$444.6m (down 14% from FY 2024). Net income: US$6.09m (down 65% from FY 2024). Profit margin: 1.4% (down from 3.3% in FY 2024). The decrease in margin was driven by lower revenue. EPS: US$0.87 (down from US$2.39 in FY 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Friedman Industries' share price is broadly unchanged from a week ago. It is worth noting though that we have found 1 warning sign for Friedman Industries that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

LONGVIEW, Texas, June 12, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NASDAQ/GS: FRD) announced today its results of operations for the quarter and fiscal year ended March 31, 2025. March 31, 2025 Quarter Highlights: Net earnings of $5.3 million Sales of $129.2 million Highest sales volume in Company history 28% increase in sales volume over the preceding third quarter 5% increase in sales volume over the prior year fourth quarter Fiscal Year March 31, 2025 Highlights: Net earnings of $6.1 million Sales of $444.6 million Working capital balance at year-end of $128.1 million “We ended fiscal 2025 with improved margins and a record quarter for sales volume as we continue to execute on our growth strategy,” said Michael J. Taylor, President and Chief Executive Officer. “Our fourth quarter sales volume increased 28% over the preceding third quarter and was 5% higher than the prior year quarter. Steel prices increased 35% during the fourth quarter enabling margin improvement after a difficult margin environment for the first three quarters.” Taylor continued, “We are pleased to report $6.1 million of net earnings for fiscal 2025 in a year that presented challenging steel price trends combined with complex economic and political factors. This year highlights the benefit of our hedging capabilities as we successfully overcame price volatility to expand profitable results. Our sales volume of Company owned inventory for the year was steady compared to prior year at approximately 500,000 tons. We are pleased with our volume stability given the adverse impact of several factors during fiscal 2025, including downtime for equipment upgrades, challenging conditions for some of our customers and political uncertainty leading up to the presidential election. Our newest facility in Sinton, Texas reached full capacity levels during the year and contributed the highest profit margin among all our facilities,” Taylor concluded. For the quarter ended March 31, 2025 (the “2025 quarter”), the Company recorded net earnings of approximately $5.3 million ($0.76 diluted earnings per share) on sales of approximately $129.2 million compared to net earnings of approximately $5.0 million ($0.71 diluted earnings per share) on net sales of approximately $132.2 million for the quarter ended March 31, 2024 (the “2024 quarter”). Sales volume increased from approximately 159,00...