Friedman Industries Q4 sales jump to record high on volume growth, Century acquisition

Friedman Industries

11/06/2026 21:48

Overview
U.S. metals processor's fiscal Q4 sales rose 48% yr/yr to record high
Fiscal Q4 net earnings nearly doubled from prior year
Growth driven by higher demand, capacity utilization, and Century Metals acquisition

Outlook
Company expects Q1 fiscal 2027 sales volumes to be comparable to Q4 fiscal 2026
Company anticipates sequential improvement in sales margins driven by higher average selling prices in Q1

Result Drivers
VOLUME GROWTH - Higher sales volumes, including organic growth at existing facilities and additional volume from Century Metals acquisition, drove results
HIGHER SELLING PRICES - Increased average selling prices in both flat-roll and tubular segments contributed to sales and earnings growth
HEDGING GAINS - Company recognized a gain from hedging activities, supporting more consistent financial results

Company press release: ID:nGNX9wnvpK

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
 
$191.78 mln
 
Q4 Net Income
 
$9.22 mln
 
Q4 Income from Operations
 
$11.83 mln
 
Q4 Pretax Profit
 
$12.75 mln

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)