Friedman Industries Reports Record Q4 Sales Volume, $5.3M Net Earnings

Friedman Industries Inc reported strong financial results for the fourth quarter and fiscal year ending March 31, 2025, achieving record sales volume of approximately 166,500 tons, a 28% increase over the previous quarter and 5% over the prior year. The company's Q4 net earnings stood at about $5.3 million, or $0.76 per share, on sales of $129.2 million, supported by a 35% rise in steel prices that improved margins amid a challenging market environment. Despite this quarterly strength, full-year net earnings declined to $6.1 million from $17.3 million in the prior year, with annual sales falling from $516.3 million to $444.6 million. Friedman Industries’ Sinton, Texas facility reached full operational capacity and delivered the highest profit margins among its facilities, while the company's effective hedging strategy helped offset steel price volatility with gains of $7.6 million. Looking ahead, the company expects slightly lower sales volume in the first quarter of fiscal 2026 due to planned equipment downtime but anticipates improved profit margins compared to Q4 FY2025. The company maintains a strong financial position with working capital of $128.1 million at fiscal year-end, reflecting resilience despite economic and political uncertainties.