Revenue: As of FY2026, the actual value is USD 646.91 M.EPS: As of FY2026, the actual value is USD 2.76.EBIT: As of FY2026, the actual value is USD 30.48 M.Friedman Industries, Incorporated reported significant financial growth for the fourth quarter and fiscal year ended March 31, 2026. The company did not provide specific cash flow details in the reference material.<h4>Overall Financial Highlights</h4><h5>Fourth Quarter Ended March 31, 2026</h5><ul><li>Net Earnings: Friedman Industries, Incorporated reported net earnings of $9.2 million, a 73.6% increase compared to $5.3 million for the quarter ended March 31, 2025.</li><li>Sales: Sales reached $191.8 million, up 48.4% from $129.2 million in the prior year’s fourth quarter.</li><li>EBITDA: EBITDA was $15.2 million, significantly higher than $8.5 million in the same period last year.</li><li>Sales Volume: The company achieved a record quarterly sales volume of 189,000 tons, an increase of 14% over the prior year’s fourth quarter (166,500 tons) and 6% over the preceding third quarter. Approximately half of this increase was due to same-facility volume growth, with the remainder from the Century Metals acquisition.</li></ul><h5>Fiscal Year Ended March 31, 2026</h5><ul><li>Net Earnings: Net earnings for the fiscal year were $19.5 million, a substantial increase from $6.1 million in fiscal year 2025.</li><li>Sales: Sales totaled $646.9 million, marking a 46% increase over the prior fiscal year’s $444.6 million.</li><li>EBITDA: EBITDA for the fiscal year was $34.3 million, compared to $13.9 million in fiscal year 2025.</li><li>Sales Volume: Friedman Industries, Incorporated achieved a record annual sales volume of 706,000 tons, increasing by 22% over the prior fiscal year’s 579,500 tons. About 80% (100,500 tons) of this increase came from same-facility volume growth, and approximately 20% (26,000 tons) from the Century Metals acquisition.</li></ul><h4>Operational Costs and Other Financial Metrics (in millions)</h4><h5>Three Months Ended March 31,</h5><ul><li>Net Sales: $191.779 in 2026 vs. $129.216 in 2025.</li><li>Cost of materials sold: - $149.438 in 2026 vs. - $102.483 in 2025.</li><li>Processing and warehousing expense: - $12.131 in 2026 vs. - $9.447 in 2025.</li><li>Delivery expense: - $7.617 in 2026 vs. - $6.855 in 2025.</li><li>Selling, general and administrative expenses: - $9.730 in 2026 vs. - $3.838 in 2025.</li><li>Depreciation and amortization: - $1.033 in 2026 vs. - $0.846 in 2025.</li><li>Total Costs and expenses: - $179.949 in 2026 vs. - $123.469 in 2025.</li><li>Gain on disposal of property, plant &amp; equipment: $0 in 2026 vs. $0.105 in 2025.</li><li>Earnings from operations: $11.830 in 2026 vs. $5.852 in 2025.</li><li>Gain on economic hedges of risk: $0.904 in 2026 vs. $1.765 in 2025.</li><li>Interest expense: - $1.394 in 2026 vs. - $0.771 in 2025.</li><li>Fair value adjustment of contingent consideration: $1.420 in 2026 vs. $0 in 2025.</li><li>Other income (expense): - $0.014 in 2026 vs. $0.002 in 2025.</li><li>Earnings before income taxes: $12.746 in 2026 vs. $6.848 in 2025.</li><li>Income tax expense: - $3.524 in 2026 vs. - $1.503 in 2025.</li><li>Net earnings: $9.222 in 2026 vs. $5.345 in 2025.</li></ul><h5>Fiscal Year Ended March 31,</h5><ul><li>Net Sales: $646.913 in 2026 vs. $444.600 in 2025.</li><li>Cost of materials sold: - $518.696 in 2026 vs. - $365.648 in 2025.</li><li>Processing and warehousing expense: - $41.722 in 2026 vs. - $33.477 in 2025.</li><li>Delivery expense: - $28.398 in 2026 vs. - $23.228 in 2025.</li><li>Selling, general and administrative expenses: - $28.622 in 2026 vs. - $16.171 in 2025.</li><li>Depreciation and amortization: - $3.824 in 2026 vs. - $3.291 in 2025.</li><li>Total Costs and expenses: - $621.262 in 2026 vs. - $441.815 in 2025.</li><li>Gain on disposal of property, plant &amp; equipment: $0 in 2026 vs. $0.258 in 2025.</li><li>Earnings from operations: $25.651 in 2026 vs. $3.043 in 2025.</li><li>Gain on economic hedges of risk: $3.412 in 2026 vs. $7.598 in 2025.</li><li>Interest expense: - $4.104 in 2026 vs. - $2.953 in 2025.</li><li>Fair value adjustment of contingent consideration: $1.420 in 2026 vs. $0 in 2025.</li><li>Other income (expense): - $0.007 in 2026 vs. $0.005 in 2025.</li><li>Earnings before income taxes: $26.372 in 2026 vs. $7.693 in 2025.</li><li>Income tax expense: - $6.839 in 2026 vs. - $1.608 in 2025.</li><li>Net earnings: $19.533 in 2026 vs. $6.085 in 2025.</li></ul><h4>Segment Revenue</h4><h5>Flat-Roll Segment Operations (Q4 2026)</h5><ul><li>Sales: Approximately $175.7 million, up from $117.7 million in the 2025 quarter.</li><li>Sales Volume: Included approximately 157,500 tons from inventory and 19,000 tons of toll processing, compared to 139,000 tons from inventory and 16,500 tons of toll processing in the 2025 quarter.</li><li>Average Selling Price: Increased from approximately $836 per ton in the 2025 quarter to $1,108 per ton in the 2026 quarter.</li><li>Earnings from Operations: Approximately $13.9 million in the 2026 quarter, compared to $7.1 million in the 2025 quarter.</li></ul><h5>Tubular Segment Operations (Q4 2026)</h5><ul><li>Sales: Approximately $16.1 million, compared to $11.5 million in the 2025 quarter.</li><li>Tons Sold: Increased from approximately 11,000 tons in the 2025 quarter to 12,500 tons in the 2026 quarter.</li><li>Average Selling Price: Increased from approximately $1,044 per ton in the 2025 quarter to $1,287 per ton in the 2026 quarter.</li><li>Earnings from Operations: Approximately $2.0 million in the 2026 quarter, compared to $0.6 million in the 2025 quarter.</li></ul><h4>Hedging Activities</h4><ul><li>Friedman Industries, Incorporated recognized a gain on hedging activities of approximately $0.9 million for the 2026 quarter.</li><li>For fiscal 2026, the total hedging gain recognized was approximately $3.4 million.</li></ul><h4>Balance Sheet (in millions)</h4><h5>As of March 31,</h5><ul><li>Current Assets: $257.039 in 2026 vs. $166.467 in 2025.</li><li>Noncurrent Assets: $79.771 in 2026 vs. $60.355 in 2025.</li><li>Total Assets: $336.810 in 2026 vs. $226.822 in 2025.</li><li>Current Liabilities: $76.149 in 2026 vs. $38.324 in 2025.</li><li>Noncurrent Liabilities: $109.167 in 2026 vs. $56.073 in 2025.</li><li>Total Liabilities: $185.316 in 2026 vs. $94.397 in 2025.</li><li>Total Stockholders’ Equity: $151.494 in 2026 vs. $132.425 in 2025.</li><li>Total Liabilities and Stockholders’ Equity: $336.810 in 2026 vs. $226.822 in 2025.</li></ul><h4>Outlook</h4>Management expects first-quarter fiscal 2027 sales volumes to be comparable to fourth-quarter fiscal 2026 volumes. The company anticipates sequential improvement in sales margins, driven by increases in average selling prices during the first quarter. Friedman Industries, Incorporated believes it is well-positioned to capitalize on market opportunities and continue delivering profitable growth and long-term value for shareholders, supported by its diversified footprint, strong balance sheet, and disciplined commercial approach.

Friedman Industries | 8-K: FY2026 Revenue: USD 646.91 M