Friedman Industries (FRD)
Processes flat-roll steel and makes welded pipe across a U.S. operating network.
$40.39
After hours−0.14 (−0.35%)
At close$40.53(+1.43%)
In millions of USD, except per-share figures
| In millions | Q2 FY24Sep 2023 | Q3 FY24Dec 2023 | Q4 FY24Mar 2024 | Q1 FY25Jun 2024 | Q2 FY25Sep 2024 | Q3 FY25Dec 2024 | Q4 FY25Mar 2025 | Q1 FY26Jun 2025 | Q2 FY26Sep 2025 | Q3 FY26Dec 2025 | Q4 FY26Mar 2026 | Q1 FY27Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 116 | 132 | 115 | 107 | 94 | 129 | 135 | 152 | 168 | 192 | 240 |
| Cost of revenue | 118 | 106 | 92 | 105 | 97 | 86 | 112 | 115 | 135 | 149 | 170 | 198 |
| Gross profit | 13 | 10 | 40 | 10 | 10 | 8 | 17 | 20 | 17 | 19 | 22 | 42 |
| 12 | 4 | 33 | 11 | 10 | 10 | 12 | 13 | 14 | 15 | 10 | 21 | |
| 5 | 0 | 30 | 11 | 9 | 4 | 4 | 12 | 6 | 7 | 10 | 20 | |
| Selling & marketing | 0 | 0 | 24 | 6 | 5 | 0 | 0 | 6 | 0 | 0 | 0 | 9 |
| General & administrative | 0 | 0 | 6 | 5 | 4 | 0 | 0 | 5 | 0 | 0 | 0 | 11 |
| Other expenses | 7 | 4 | 3 | 1 | 1 | 6 | 8 | 1 | 8 | 8 | 0 | 1 |
| Operating income | 1 | 6 | 7 | −1 | 0 | −2 | 6 | 7 | 3 | 4 | 12 | 21 |
| 4 | −5 | 0 | 5 | −1 | 0 | 1 | 0 | 0 | 0 | 1 | −4 | |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other non-operating income | −4 | 4 | −1 | −5 | 0 | −1 | −2 | 0 | −1 | −1 | −2 | 3 |
| Income before tax | 5 | 1 | 7 | 3 | −1 | −2 | 7 | 7 | 3 | 4 | 13 | 17 |
| Income tax expense | 1 | 0 | 2 | 1 | 0 | 0 | 2 | 2 | 1 | 1 | 4 | 4 |
| Net income from continuing operations | 4 | 1 | 5 | 3 | −1 | −1 | 5 | 5 | 2 | 3 | 9 | 13 |
| Net income | 4 | 1 | 5 | 3 | −1 | −1 | 5 | 5 | 2 | 3 | 9 | 12 |
| EPS, basic | $0.48 | $0.16 | $0.70 | $0.37 | −$0.10 | −$0.17 | $0.76 | $0.71 | $0.32 | $0.43 | $1.30 | $1.79 |
| EPS, diluted | $0.48 | $0.16 | $0.70 | $0.37 | −$0.10 | −$0.17 | $0.76 | $0.71 | $0.32 | $0.43 | $1.30 | $1.79 |
| Weighted average shares, basic | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Weighted average shares, diluted | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| EBITDA | 6 | 3 | 9 | 5 | 1 | 0 | 8 | 8 | 5 | 6 | 15 | 19 |
| Depreciation & amortization | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBIT | 5 | 2 | 8 | 4 | 0 | −1 | 8 | 7 | 4 | 5 | 14 | 18 |