Friedman Industries Reports 78.6% Revenue Growth and Net Earnings Turnaround in Latest Quarter

Friedman Industries, Incorporated reported significant financial growth in its latest quarterly filing, with net sales for the three months ending December 31, 2025, reaching $167.97 million, a 78.6% increase from $94.07 million in the same period last year. For the nine-month period, sales totaled $455.13 million, up from $315.38 million, marking a 44.4% increase. The company also reported net earnings of $3.04 million for the quarter, compared to a loss of $1.15 million in the prior year, and net earnings of $10.31 million for the nine months, a substantial rise from $740,000 in the previous year.

The financial performance reflects a notable increase in sales volume, attributed to both higher demand and the acquisition of Century Metals & Supplies, which contributed approximately 14,500 tons to sales volume. The flat-roll segment, which includes the majority of the company’s operations, saw sales increase to $420.44 million from $286.91 million year-over-year, while the tubular segment also experienced growth, with sales rising to $34.70 million from $28.47 million. The average selling price per ton for flat-roll products increased from approximately $868 to $970, further enhancing revenue.

Operationally, Friedman Industries expanded its footprint through the acquisition of Century Metals & Supplies, which was finalized on August 29, 2025. This acquisition included various assets and facilities in Florida, allowing the company to broaden its product offerings to include cold-rolled, coated, and stainless steels, as well as non-ferrous materials. The integration of Century is expected to enhance the company’s market presence in the southeastern U.S. and Latin America.

The company’s balance sheet also reflects growth, with total assets increasing to $311.86 million as of December 31, 2025, up from $226.82 million at the end of the previous fiscal period. Current assets rose significantly, driven by increases in accounts receivable and inventory, which were influenced by the acquisition. Current liabilities also increased, primarily due to higher accounts payable and accrued expenses, reflecting the operational scale-up.

Looking ahead, Friedman Industries anticipates continued growth driven by strong demand in the metals processing sector and the successful integration of Century Metals & Supplies. The company plans to leverage its expanded capabilities and market presence to enhance profitability. However, it remains vigilant regarding market conditions, particularly fluctuations in metal prices, which can impact margins. The company’s current cash position and access to its asset-based lending facility are expected to support its operational and strategic initiatives over the next year.