FRIEDMAN INDUSTRIES INC (FRD) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — FRD

Balance Sheet

(in millions USD)

Metric	Q1 2027	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	5.03	3.01	4.59	2.10	1.08	2.47	4.15	4.01	3.15	4.82	3.54	6.64	2.41	3.07	2.94	0.89	16.49	18.78	15.14
Accounts Receivable	90.69	55.80	62.26	50.72	31.73	39.62	37.76	44.42	52.33	46.78	43.07	53.94	76.48	26.24	32.33	29.98	12.13	11.28	10.47
Inventory	191.08	169.17	161.57	103.46	115.39	105.05	119.80	113.90	104.50	101.15	97.83	88.59	123.88	84.55	67.74	67.18	30.13	26.50	31.38
Total Current Assets	291.11	231.48	231.33	157.93	149.29	148.04	162.42	170.90	165.16	156.09	148.36	156.47	208.97	121.85	111.66	131.05	64.24	58.44	57.97
Property, Plant & Equipment	74.76	73.83	73.18	57.21	56.79	56.87	57.04	56.49	55.34	53.64	53.78	53.52	51.34	27.49	20.78	17.88	14.97	13.87	12.51
Total Non-current Assets*	82.33	80.38	79.96	61.15	60.97	61.12	60.37	58.06	56.97	55.31	55.53	55.38	53.09	28.59	26.17	24.51	15.13	14.60	13.28
Total Assets	373.44	311.86	311.29	219.08	210.25	209.17	222.79	228.96	222.13	211.40	203.88	211.85	262.06	150.44	137.82	155.57	79.37	73.05	71.25
Accounts Payable	88.24	59.87	67.84	35.29	41.08	34.64	34.40	47.87	29.41	35.99	42.38	57.26	47.57	37.96	26.75	44.01	6.08	4.73	2.23
Total Current Liabilities	100.32	64.41	71.38	40.48	42.28	36.37	38.80	54.60	35.29	43.02	48.52	66.86	55.34	43.82	39.43	80.18	8.53	6.50	3.57
Total Non-current Liabilities*	108.97	105.23	100.64	41.32	40.65	44.04	54.30	51.61	60.03	45.02	46.70	38.30	104.00	15.56	18.06	12.44	1.48	1.27	1.70
Total Liabilities	209.29	169.65	172.02	81.80	82.92	80.40	93.10	106.21	95.32	88.03	95.22	105.16	159.34	59.38	57.49	92.62	10.02	7.77	5.27
Retained Earnings	132.15	110.71	107.95	106.00	96.19	97.62	98.57	91.61	90.56	87.20	73.49	72.26	69.94	66.51	69.61	56.57	35.13	33.14	33.53
Total Stockholder Equity	164.15	142.21	139.27	137.28	127.33	128.76	129.69	122.74	126.81	123.37	108.66	106.69	102.72	91.06	80.34	62.94	69.35	65.28	65.97

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q1 2027	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Total Revenue	239.97	167.97	152.38	134.78	129.22	94.07	106.76	114.55	132.23	115.97	130.75	137.30	124.19	111.86	149.69	161.80	75.09	51.66	92.57	65.92
Cost of Revenue*	218.94	164.08	149.50	127.73	140.31	59.86	106.98	115.95	140.31	105.53	124.93	120.97	110.58	105.73	145.01	143.13	77.53	55.26	62.88	48.59
Gross Profit*	21.03	3.90	2.88	7.04	(11.09)	34.21	(0.22)	(1.40)	(8.07)	10.44	5.82	16.33	13.60	6.13	4.68	18.67	(2.43)	(3.60)	29.69	0.26
Selling, General & Admin	10.84	7.15	6.29	5.46	3.84	3.89	3.94	4.51	6.03	4.27	4.77	5.97	6.35	4.70	4.61	6.35	1.83	1.99	5.29	3.35
Total Operating Expenses*	0.00	0.00	0.00	0.00	(16.94)	15.01	0.00	0.00	(15.01)	4.27	4.77	5.97	5.30	4.70	5.23	6.78	8.06	0.92	1.87	1.88
Operating Income	21.03	3.90	2.88	7.04	5.85	(1.19)	(0.22)	(1.40)	6.93	6.17	1.06	10.36	8.31	1.43	(0.55)	11.89	(4.37)	(5.66)	24.33	13.96
Interest Expense	1.22	1.28	0.75	0.68	0.77	0.63	0.87	0.68	4.13	(0.79)	(0.80)	0.54	0.72	0.45	0.62	0.43	0.10	0.06	0.07	0.02
Pretax Income	16.98	4.00	2.98	6.65	6.85	(1.55)	(0.90)	3.30	7.14	1.26	4.66	10.25	8.52	1.81	3.21	14.66	(9.50)	(3.93)	17.49	14.27
Tax Provision	4.19	0.96	0.74	1.62	1.50	(0.40)	(0.23)	0.73	2.18	0.07	1.15	2.56	2.21	0.43	0.73	3.47	(2.04)	(0.97)	4.31	2.96
Net Income	12.78	3.04	2.24	5.03	5.35	(1.15)	(0.67)	2.57	4.96	1.18	3.51	7.69	6.31	1.38	2.47	11.18	(7.46)	(2.96)	13.18	11.31
Basic EPS	1.79	0.43	0.32	0.71	0.77	(0.17)	(0.10)	0.37	0.71	0.16	0.48	1.04	0.83	0.19	0.34	1.55	(1.08)	(0.43)	1.91	1.64
Diluted EPS	1.79	0.43	0.32	0.71	0.77	(0.17)	(0.10)	0.37	0.71	0.16	0.48	1.04	0.83	0.19	0.34	1.55	(1.08)	(0.43)	1.91	1.64

* Derived from reported values

Cash Flow Statement

(in millions USD)

Metric	Q1 2027	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Operating Cash Flow	7.31	(4.75)	0.43	15.49	(11.83)	2.70	10.78	(6.06)	3.96	21.25	(15.65)	(4.58)	19.80	(10.55)	75.99	(21.34)	9.54	1.65	(26.71)	2.12
Capital Expenditures	2.17	1.60	2.46	1.78	0.96	1.15	0.85	1.05	1.02	1.89	2.43	0.45	8.18	1.09	4.38	2.81	0.71	4.44	0.15	2.76
Free Cash Flow*	5.14	(6.35)	(2.02)	13.71	(12.79)	1.55	9.94	(7.11)	2.94	19.36	(18.09)	(5.03)	11.62	(11.64)	71.61	(24.16)	8.83	(2.79)	(26.86)	(0.64)
Investing Cash Flow	(1.11)	(1.60)	(48.05)	(1.78)	(0.18)	(0.35)	(1.84)	(1.06)	(1.02)	(1.89)	(2.44)	(0.45)	(8.18)	(1.09)	(4.39)	(74.54)	(0.72)	(4.45)	0.01	(2.76)
Financing Cash Flow	(1.44)	4.78	49.83	(14.98)	14.94	(3.66)	(10.55)	5.37	(5.84)	(13.72)	14.89	6.01	(11.63)	8.18	(66.48)	83.49	2.65	0.34	3.55	10.70

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q1 2027	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021
Dividends Per Share	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02