Friedman Q4 GAAP EPS Hits $1.30 on 48% Revenue Jump

Friedman Industries (NASDAQ:FRD) reported fourth-quarter GAAP earnings of $1.30 per share, with revenue surging 48.4% year-over-year to $191.8 million. The steel processor and tube maker posted the results after Thursday's close.

The revenue jump reflects higher selling prices and increased shipment volumes in the company's coil and tubular product lines, the company said. Friedman operates three coil processing facilities and two pipe and tube mills across the southern U.S.

Management said first-quarter fiscal 2027 sales volumes are expected to be comparable to the just-completed quarter. That forward view suggests the company sees current demand levels holding, rather than accelerating or decelerating sharply.

Friedman's fiscal year ends March 31. The Q4 period covers January through March, a stretch when steel prices typically face seasonal headwinds from construction slowdowns in northern markets. The company's Texas and Arkansas facilities benefit from milder winter conditions relative to northern mills.

The GAAP EPS figure of $1.30 compares to a loss of $0.07 per share in the same quarter last year. The company did not break out adjusted or non-GAAP earnings in the release.

Friedman shares have traded in a range of $12.50 to $22.00 over the past 52 weeks. The stock closed at $16.40 ahead of the earnings release.