Friedman Industries (FRD) Q4 2026 earnings summary

Executive summary

• Achieved record quarterly and annual sales volumes, with strong growth in both revenue and profitability for the quarter and fiscal year ended March 31, 2026.

• Strategic investments and the Century Metals acquisition contributed significantly to volume growth and profitability.

Financial highlights

• Q4 net earnings of $9.2 million and EBITDA of $15.2 million on sales of $191.8 million, up from $5.3 million and $8.5 million on $129.2 million sales in Q4 last year.

• Fiscal 2026 net earnings of $19.5 million and EBITDA of $34.3 million on sales of $646.9 million, compared to $6.1 million and $13.9 million on $444.6 million sales in fiscal 2025.

• Sales volume increased 14% year-over-year in Q4 and 22% for the full year.

Outlook and guidance

• Management expects Q1 fiscal 2027 sales volumes to be comparable to Q4 fiscal 2026, with sequential improvement in sales margins due to higher average selling prices.

• Continued focus on profitable growth, leveraging a diversified footprint and strong balance sheet.