Friedman Industries Q1 sales up 18%

Friedman Industries

07/08/2025 21:27

Overview

Friedman Industries Q1 sales rise 18% yr/yr to $134.8 mln

Net earnings for Q1 increase to $5.0 mln, driven by improved margins

Company reduces debt by $14.7 mln, reflecting strong cash flow

Outlook

Company expects Q2 sales volume to be slightly higher than Q1

Friedman anticipates lower margins in Q2 due to softened HRC prices

Result Drivers

SALES VOLUME INCREASE - Driven by stronger demand and successful commercial efforts, resulting in a 12% increase in tons sold yr/yr

MARGIN IMPROVEMENT - Improved margins contributed to net earnings of $5.0 mln for the qtr

SEGMENT PERFORMANCE - Flat-roll segment sales rose significantly, while tubular segment turned a previous loss into a profit due to higher selling prices

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$134.78 mln
Q1 Net Income
$5.03 mln
Q1 Pretax Profit
$6.64 mln


Press Release: ID:nGNX3GLXC9

(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.)