Friedman Industries adjusted gross profit more than doubled to $55.75 million in FY27 Q1; sales rise to $240 million

Reuters2026/08/06 21:49

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Friedman Industries posted GAAP gross profit of $31.87 million for the quarter ended June 30, 2026, up from $12.5 million a year earlier.
Adjusted gross profit (non-GAAP) more than doubled to $55.75 million; adjusted gross margin widened 1.6 percentage points to 23.2%.
Sales climbed to $240 million on higher average selling prices and volume; shipments included 188,500 tons from inventory.
Hedging activities swung to a $2.8 million loss; hot-rolled coil prices rose about 10% during the quarter.
SG&A increased by about $5.4 million, driven by higher incentive compensation and added ongoing expenses tied to the Century acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Friedman Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-026305), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Friedman Industries adjusted gross profit more than doubled to $55.75 million in FY27 Q1; sales rise to $240 million

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