Analysis
August 7, 2026
Friedman again logs record quarterly sales volume
Written by Laura Miller
| First quarter ended June 30 (in millions, except per share data) | 2026 | 2025 | % Change |
|---|---|---|---|
| Net sales | $240 | $134.8 | 78% |
| Net earnings (loss) | $12.8 | $5 | 156% |
| Per diluted share | $1.79 | $0.71 | 152% |
Friedman Industries hit record sales volume in its fiscal first quarter ended June 30.
The Longview, Texas-based flat-rolled processor and pipe manufacturer reported 206,000 short tons (st) of shipments in the quarter, an increase of 28% from a year earlier.
The higher sales volume, combined with improved average selling prices, pushed net sales to $240 million, a 78% jump from $134.8 million in the same quarter last year. “Approximately 33,000 tons of the increase was attributable to same-facility volume growth at the Company’s existing operations, while the remaining increase resulted from Century Metals, which was acquired in August 2025,” the company noted.
Net earnings improved from $5 million last year to $12.8 million in the quarter.
“We are pleased to begin fiscal 2027 with another quarter of record sales volume and significantly improved financial performance,” President and CEO Michael J. Taylor said. “Our first quarter results reflect the ongoing strength of our commercial strategy, disciplined execution across our operations, and the benefits of our expanded operating platform.”
Flat-roll segment
Friedman credited stronger demand, as well as the acquisition of Century, for the 32% year-over-year increase in inventory sales volume in its flat-roll segment. Sales reached 175,000 st from inventory and another 17,500 tons of toll processing.
Tubular segment
Sales within the tubular segment increased 70% y/y to $18.2 million. Sales volume improved 33% y/y to 13,500 st, and higher average selling prices boosted segment operating earnings during the quarter.
Outlook
“We enter the second quarter with strong operating momentum and expect sales volumes to remain comparable to our record first quarter levels, while higher average selling prices are anticipated to drive sequential margin improvement,” said Taylor.
