Earnings ·
Friedman Industries reports record Q2 net earnings of $15.6M on sales of $286.8M
FRDFriedman Industries Inc
Friedman Industries reported second-quarter results ending September 30, 2026, with record net earnings of $15.6 million and EBITDA of $23.0 million. Net sales surged 88% year-over-year to $286.8 million, driven by a 23% increase in sales volume to approximately 219,500 tons and higher average selling prices. The company also recorded a $14.6 million charge related to hedging activities due to rising metal prices. For the six-month period, net earnings reached $28.4 million on sales of $526.8 million. Friedman Industries is a diversified metals processing and pipe manufacturing company operating through flat-roll and tubular product segments.