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Friedman Industries, Incorporated (FRD) reported a net earnings rise of 7.8% to $5.3 million, or $0.76 per diluted share, for Q4 of fiscal 2025, despite a 2.3% decline in quarterly sales to $129.2 million. In contrast, the company’s full-year net earnings fell 64.9% to $6.1 million and annual sales dropped 13.9% to $444.6 million due to a challenging pricing environment.
For the fourth quarter, record sales volume reached 166,500 tons, a 4.7% year-over-year increase, aided by a 35% rise in steel prices. However, flat-roll segment sales decreased 2.4% to $117.7 million, with a 15.8% drop in average selling price, while tubular segment sales remained nearly flat at $11.5 million.
Friedman Industries reported a $1.8 million gain from hot-rolled coil futures in Q4 and $7.6 million for the fiscal year, helping offset price volatility. Management anticipates a slight decrease in sales volume for Q1 of fiscal 2026 due to equipment downtime but expects improved margins.
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