Every 10-Q that Friedman Industries Inc. (FRD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FRD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FRD filings page.
Friedman Industries, Incorporated reported results for the quarter ended June 30, 2026, with net sales of $239,971 thousand, up from $134,777 thousand a year earlier. Net earnings were $12,784 thousand versus $5,028 thousand, and basic and diluted earnings per share were $1.79 compared with $0.71. Non-GAAP adjusted gross profit increased to $55,752 thousand, or 23.2% of sales, from $29,073 thousand, or 21.6%.
Flat-roll segment sales reached $221,753 thousand and tubular sales $18,218 thousand, driven by higher average selling prices and increased tons shipped, including volume from the Century Metals & Supplies acquisition. Operating income rose to $21,034 thousand despite a $2,756 thousand loss on economic hedges and higher incentive and Century-related selling, general and administrative expenses. Working capital was about $190,800 thousand with a current ratio of 2.9, and the company had approximately $91.5 million outstanding under its $140 million asset-based lending facility at a 5.3% interest rate, ending the quarter with $7,992 thousand in cash and restricted cash.
Friedman Industries reported much stronger results for the quarter and nine months ended December 31, 2025, driven by higher volumes and improved steel pricing. Net sales for the nine-month period rose to $455.1 million from $315.4 million, while net earnings increased to $10.3 million from $0.7 million, lifting basic EPS to $1.46.
Third-quarter net sales reached $168.0 million with net earnings of $3.0 million, reversing a loss in the prior-year quarter. The flat-roll segment remained the main growth engine, and the tubular segment swung from an operating loss to a profit.
On August 29, 2025, the company acquired assets of Century Metals & Supplies for approximately $52.7 million, expanding its flat-roll footprint and product mix. To support growth, it increased its asset-based lending facility to $140 million, with $88.6 million outstanding at December 31, 2025. Operating cash flow was $11.2 million, and working capital rose to about $167.0 million, supporting ongoing operations and integration of the new business.
Friedman Industries (FRD) reported stronger results for the quarter ended September 30, 2025. Net sales were $152.4 million versus $106.8 million a year ago, and net earnings were $2.2 million versus a loss of $0.7 million. Diluted EPS was $0.32. For the first six months, sales reached $287.2 million with net earnings of $7.3 million (EPS $1.03), reflecting higher volumes and steadier margins.
The company closed the acquisition of Century Metals & Supplies for approximately $52.7 million, funded by $45.6 million in cash at close, a $3.5 million five-year seller’s note, and contingent consideration initially valued at $3.6 million. FRD renewed its $125 million asset-based lending facility, maturing August 29, 2030; the balance was about $83.5 million at a 5.8% rate as of September 30, 2025. Operating cash flow was $15.9 million, with investing cash outflows of $49.8 million tied to the acquisition. Working capital was approximately $159.9 million and the current ratio was 3.2.