Friedman Industries Q1 net earnings rise to $12.8 million on record sales volume
Friedman Industries reported results for its first quarter ended June 30, 2026, with net sales of $240.0 million, up from $134.8 million a year earlier. Net earnings rose to $12.8 million, or $1.79 per diluted share, compared with $5.0 million, or $0.71 per diluted share, in the prior-year quarter. The company expects second quarter sales volumes to be comparable to the first quarter and anticipates sequential margin improvement from higher average selling prices.
Key points
- Net sales of $240.0 million, up 78% year-over-year; sales volume of about 206,000 tons, up 28%
- Net earnings of $12.8 million ($1.79 diluted EPS) versus $5.0 million ($0.71) a year earlier
- EBITDA of $19.3 million, compared with $8.2 million in the quarter ended June 30, 2025
- Outlook: second quarter sales volumes expected to be comparable to first quarter volumes
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.