GlobeNewsWire
11 Jun 2026, 20:40 UTC · 2h ago
Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2026 Results
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
GlobeNewsWire
11 Jun 2026, 20:40 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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4 claims · each scored for market impact
Friedman Industries' full-year 2026 net earnings surged to $19.5 million from $6.1 million in the prior year. — A more than 3x increase in annual net income indicates strong operational scaling and profitability growth.
+0.80Fiscal 2026 sales volume reached a company record of 706,000 tons, a 22% increase year-over-year. — Record volumes combined with organic growth (80% of the increase) suggest strong market demand and capacity utilization.
+0.60Average selling price in the flat-roll segment increased from approximately $836 per ton to $1,108 per ton in the fourth quarter. — Significant pricing power or favorable market conditions directly boost margins and revenue per unit.
+0.50Continue reading
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The acquisition of Century Metals contributed to both volume growth and expanded geographic reach during fiscal 2026. — Successful inorganic expansion validates the company's growth strategy and adds immediate capacity.
+0.40Which stocks this story touches
The company reported record sales volumes, significant increases in net earnings, and a strong finish to fiscal 2026.
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Reuters
1h ago
