Friedman Industries Q1 net earnings rise to $5.0M, sales up 18% YoY

FRIEDMAN INDUSTRIES INC

2026-Q1 EPS reported $0.71 revenue$134,777,000

Net earnings $5.0M ($0.71 diluted EPS) vs $2.6M ($0.37) in prior year.
Sales $134.8M, +18% YoY; tons sold 141,500 (excl. toll), +12% YoY.
Flat-roll segment earnings from ops $8.8M (vs $2.7M); tubular swings to $1.3M profit from ($1.2M) loss.
Operating cash flow $15.5M; debt reduced $14.7M; working capital $117.5M.
Outlook: slightly higher Q2 volume but lower margins due to softening HRC prices.

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