Friedman Industries shares have jumped 36.4% since reporting fourth-quarter fiscal 2026 results, far outpacing the S&P 500's 3.4% gain. Net earnings for the quarter ended March 31, 2026, rose to $9.2 million, or $1.30 per diluted share, from $5.3 million, or $0.76 per share, a year earlier, while net sales climbed 48.4% to $191.8 million. The flat-roll segment generated $175.7 million in sales, up from $117.7 million, and the tubular segment posted $16.1 million, up from $11.5 million. For the full fiscal year, net earnings reached $19.5 million on sales of $646.9 million, and annual sales volume hit a record 706,000 tons, aided by the Century Metals acquisition. Management expects first-quarter fiscal 2027 sales volumes to be comparable to the fourth quarter and anticipates sequential margin improvement.
Friedman Industries Inc. Common StockRecord Q4 earnings and sales, with net earnings rising to $9.2M from $5.3M and sales up 48.4% to $191.8M.