Friedman Industries Q2: Net earnings $2.2M, sales $152.4M (+43% YoY); record volume

FRIEDMAN INDUSTRIES INC

2026-Q2 EPS reported $1.03 revenue$287,160,000

Net earnings of $2.2M ($0.32 diluted EPS) vs net loss of $0.7M ($0.10 loss) in prior-year quarter.
Sales $152.4M, up 43% YoY; sales volume of 154,500 tons inventory + 24,500 tons toll processing, a record.
Completed acquisition of Century Metals & Supplies on Aug 29, 2025; incurred $0.9M in non-recurring acquisition expenses.
Flat-roll segment operating profit $5.7M; tubular segment swung to profit of $0.9M from a $0.6M loss.
Outlook: Q3 volume expected consistent with Q2, margins improving modestly on higher metals pricing.

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