Friedman Industries entered into a Seventh Amendment to its Amended and Restated Credit Agreement on September 3, 2026. The amendment increases aggregate commitments under the facility from $140 million to $200 million to align with growth in the underlying borrowing base. This expansion constitutes a material definitive agreement creating a direct financial obligation. Friedman Industries operates in the industrial metals and supplies sector.

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.

Friedman Industries, Incorporated issued a press release on June 11, 2026, announcing its financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company's financial performance data is contained in the attached Exhibit 99.1. Friedman Industries is a manufacturer of specialty chemicals.