Friedman Industries Q3 net earnings $3.0M, sales up 79% YoY, turnaround from loss

FRIEDMAN INDUSTRIES INC

2026-Q3 EPS reported $1.46 revenue$455,134,000

Net earnings $3.0M ($0.43 diluted EPS) vs net loss $1.2M (-$0.17) in year-ago quarter.
Sales $168.0M, up 79% YoY; volume increased 36%.
Flat-roll segment sales $153.0M, operating earnings $7.3M; tubular $14.9M, operating earnings $1.4M.
Hedging activities contributed a $1.4M gain for the quarter.
Outlook: Q4 volumes consistent with Q3, sequential margin improvement from higher selling prices.

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