FRD
Friedman Industries, Incorporated21.50
+0.30+1.42%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
8-K
Friedman acquires Century Metals assets
Friedman Industries closed its $45.25 million cash acquisition of Century Metals' assets on August 29, 2025, including Miami facilities and inventory in Tampa and Orlando, plus a $3.5 million note and up to $10 million earn-out over four years based on performance. This deal expands Friedman's footprint into southeastern U.S. and Latin American markets, diversifies its product mix with cold-rolled, coated, and stainless steels alongside non-ferrous materials, and adds coil slitting capabilities to target residential and corrosion-resistant segments. Yet integration risks loom. Deal boosts processing muscle.
8-K
Strong Q1 sales boost earnings
Friedman Industries kicked off fiscal 2026 with robust Q1 results, posting $134.8 million in sales—a 12% jump in tons sold year-over-year—driving net earnings to $5.0 million from $2.6 million last year. Flat-roll operations surged to $8.8 million in earnings on higher volumes, while tubular swung to $1.3 million profit despite softer demand. Cash flow hit $15.5 million, slashing debt by $14.7 million. Margins will dip next quarter amid falling HRC prices.
10-Q
Q1 FY2026 results
Friedman Industries swung to solid profitability in Q1 FY2026 ended June 30, 2025, with net sales climbing 17.7% y/y to $134.8M on higher flat-roll volumes of 132,500 tons (derived), while tubular dipped to 9,000 tons. Operating income flipped from a $1.4M loss to $7.0M gain y/y, boosted by stable HRC prices and a 21.6% adjusted gross margin versus 15.8% last year; diluted EPS rose to $0.71 from $0.37, aligning with 6.97M weighted shares after anti-dilution for participating restricted stock. Cash from operations hit $15.5M, funding $1.8M capex for positive FCF of $13.7M (derived), yet debt eased to $33.0M under the $150M ABL facility (6.2% rate, $103.7M availability, matures Aug 2026). Volumes grew on stronger demand and capacity utilization. Inventory reliance on limited suppliers poses risks.
8-K
New COO Appointment
Friedman Industries appointed Gaurav Chhibbar as Chief Operating Officer effective July 10, 2025, bringing his expertise from Boston Consulting Group and metals firms like Metal Edge Partners and Cargill to boost operational efficiency in steel processing. He starts with a $365,000 base salary, plus short-term incentives and potential equity awards. This move aligns with strategic goals for growth. Chhibbar's steel background sharpens focus.
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