Overview

* Friedman Industries ( FRD ) Q2 sales up 43% yr/yr, achieving highest sales volume in history

* Net earnings for Q2 reached $2.2 mln, reversing a loss from the prior year

* Company completed acquisition of Century Metals & Supplies, expanding product portfolio

Outlook

* Company anticipates third quarter fiscal 2026 sales volume to remain consistent with second quarter

* Margins expected to improve modestly due to anticipated increases in metals pricing

* Integration of Century Metals & Supplies progressing well with promising synergies

Result Drivers

* RECORD SALES VOLUME - Driven by improved capacity utilization and increased market share, according to CEO Michael J. Taylor

* ACQUISITION IMPACT - Acquisition of Century Metals & Supplies expanded product portfolio and geographic reach

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $152.38

mln

Q2 Net $2.24

Income mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)