Service Centers

Friedman's profits tick higher on record quarterly sales volumes
Written by Ethan Bernard
June 13, 2025
Friedman Industries
Fourth quarter ended March 31 | 2025 | 2024 | % Change |
---|---|---|---|
Net sales | $129.2 | $132.2 | -2.3% |
Net earnings (loss) | $5.3 | $5.0 | 7.8% |
Per diluted share | $0.76 | $0.71 | 7.0% |
Full year ended March 31 | |||
Net sales | $444.6 | $516.3 | -13.9% |
Net earnings (loss) | $6.1 | $ 17.3 | -64.9% |
Per diluted share | $0.87 | $2.39 | -63.6% |
Friedman Industries’ earnings increased in its fiscal fourth quarter, though sales slipped.
The Longview, Texas-based steel processor reported net earnings of $5.3 million in its fiscal Q4’25 ended March 31, up 8% from $5.0 million a year earlier. However, sales dropped 2% to $129.2 million.
“We ended fiscal 2025 with improved margins and a record quarter for sales volume as we continue to execute on our growth strategy,” Michael J. Taylor, president and CEO, said in a statement on Thursday.
Sales volumes of ~166,500 tons in the 2025 quarter rose 5% from ~159,000 tons in the year-ago quarter.
Taylor cited improved margins, “record” sales volume, and higher steel prices as helping Friedman’s bottom line.
He added that the company’s newest facility in Sinton, Texas, reached full capacity levels during the fiscal year and “contributed the highest profit margin among all our facilities.”
Segment performance
Friedman’s flat-roll segment logged sales of ~$117.7 million in the quarter, down 2% from $120.6 million a year earlier.
At the same time, the tubular segment’s sales totaled $11.5 million compared to $11.6 million in the previous year’s quarter.
Outlook
For fiscal Q1’26, Friedman expects sales volumes to be slightly lower than Q4’25, primarily due to equipment downtime during the quarter.
Additionally, the company expects improved margins for fiscal Q1’26 vs. the prior quarter.
“I see favorable long-term demand for the industry and for our products and believe we have a team uniquely qualified to recognize Friedman’s full growth potential,” Taylor said.

Ethan Bernard
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