Friedman Industries(US:FRD)2026-02-09 21:56Financial Performance - Net earnings for the quarter ended December 31, 2025, were approximately $3.0 million, compared to a net loss of approximately $1.2 million for the same quarter in 2024[3]. - Sales for the 2025 quarter were approximately $168.0 million, representing a 79% increase year-over-year from $94.1 million in the 2024 quarter[5]. - The average selling price rose from approximately $813 per ton in the 2024 quarter to approximately $1,016 per ton in the 2025 quarter[10]. Sales Volume and Product Segments - Sales volume increased by 36% year-over-year, with approximately 149,500 tons from inventory and 15,500 tons of toll processing in the 2025 quarter[9]. - The flat-roll product segment generated sales of approximately $153.0 million in the 2025 quarter, compared to approximately $86.1 million in the 2024 quarter[8]. - The tubular product segment sales increased to approximately $14.9 million in the 2025 quarter from approximately $7.9 million in the 2024 quarter[11]. Asset and Equity Growth - Total assets increased to approximately $311.9 million as of December 31, 2025, up from $226.8 million as of March 31, 2025[7]. - Total stockholders' equity rose to approximately $142.2 million as of December 31, 2025, compared to $132.4 million as of March 31, 2025[7]. Risk Management - The company recognized a gain on hedging activities of approximately $1.4 million for the 2025 quarter, which helped mitigate commodity price volatility[13]. Future Outlook - Management expects fourth quarter fiscal 2026 sales volumes to remain consistent with third quarter levels, with anticipated improvements in sales margins[14].