Earnings ·
Friedman Industries reported first-quarter fiscal 2027 results for the period ended June 30, 2026, announcing net…
FRDFriedman Industries Inc
Friedman Industries reported first-quarter fiscal 2027 results for the period ended June 30, 2026, announcing net earnings of $12.8 million ($1.79 diluted EPS) on record sales of $240.0 million, a 78% year-over-year increase. EBITDA rose to $19.3 million from $8.2 million in the prior year period, driven by a 28% surge in sales volume to approximately 206,000 tons and higher average selling prices. The company expects second-quarter volumes to remain comparable to first-quarter levels with anticipated margin improvements due to rising prices. Friedman Industries is a diversified metals processing and pipe manufacturing company operating through flat-roll and tubular product segments.