Friedman (FRD) Q1 Profit Jumps 92%
Friedman Industries (NASDAQ:FRD), a steel manufacturer and processor, released its results for the first quarter of fiscal 2026 on August 7, 2025. Revenue (GAAP) was $134.8 million, as the company saw healthy sales volumes especially in its flat-roll steel business. Net earnings (GAAP) nearly doubled to $5.0 million, and diluted earnings per share reached $0.71 (GAAP), compared to $0.37 (GAAP) in Q1 fiscal 2025. There were no analyst estimates to compare against these results. The quarter showed significant improvements in core operations and profitability, highlighting anticipated pressure from falling steel prices and signaling a prudent outlook for the months ahead.
Friedman Industries is a manufacturer and processor of steel products, operating two main segments: flat-roll products and tubular products. Flat-roll products include hot-rolled steel sheets and plates, which the company processes for other manufacturers and distributors. Tubular products consist of steel pipes manufactured to meet industry standards.
The company’s recent focus has been on driving higher volumes, increasing operational efficiency across its plants, and broadening its customer network. Efficiently processing inventory, and offering rapid turnaround to customers are also priorities.
Source Fool.com
