FRD
Friedman Industries, Incorporated21.50
+0.30+1.42%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
152.91MP/E (TTM)
13.19Basic EPS (TTM)
1.63Dividend Yield
0.01%Recent Filings
8-K
Sinton facility expansion announced
Friedman Industries plans to expand its Sinton, Texas facility on Steel Dynamics' campus, adding building space and laser cutting equipment for cut-to-length sheet processing. Completion targets Q4 2026. This bolsters value-added services, efficiency, and margins. Risks temper forward-looking claims.
8-K
Q3 profit on 79% sales surge
Friedman Industries swung to $3.0M net earnings on $168M sales for Q3 ended Dec 31, 2025, up 79% from $94.1M and a $1.2M loss last year. Sales volumes rose 36%, fueled by Century acquisition and higher capacity use, while flat-roll and tubular segments posted operating profits of $7.3M and $1.4M. Hedging gained $1.4M. Q4 volumes steady, margins to improve. Strong balance sheet aids flexibility.
10-Q
Q3 FY2026 results
Friedman Industries swung to $168M net sales in Q3 FY2026 ended December 31, 2025, up 78% y/y from $94M, with flat-roll (91% of sales) surging 78% y/y to $153M on volume gains and Century acquisition contributions. Operating income flipped to $3.9M from a $1.2M loss y/y, while YTD sales climbed 44% y/y to $455M and net earnings hit $10.3M from $0.7M. Diluted EPS of $0.43 matched basic on 6.97M weighted shares; YTD $1.46 reconciles. Closed Century assets Aug 2025 for $52.7M ($45.6M cash, $3.5M seller note at 6.5% due 2030, $3.6M contingent), adding no goodwill. Cash $3.0M, ABL $88.6M at 5.3% (full $140M availability, covenants springing below $14M), OCF $11.2M YTD. Tubular relies on few suppliers.
8-K
Credit facility upsized to $140M
8-K
Q2 earnings $2.2M, sales soar 43%
Friedman Industries posted Q2 net earnings of $2.2M on record sales of $152.4M, up 43% YoY, fueled by 28% higher sales volume and the August 29 acquisition of Century Metals & Supplies. Flat-roll profits jumped to $5.7M amid stronger demand; tubular swung to $0.9M profit. Acquisition expenses hit $0.9M. Q3 volumes hold steady, margins tick up.
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