Friedman Industries adjusted gross profit more than doubled to $55.75 million in FY27 Q1; sales rise to $240 million - FRD News | RalliesFriedman Industries adjusted gross profit more than doubled to $55.75 million in FY27 Q1; sales rise to $240 million
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FRD• Drivers and costs
- Hedging activities swung to a $2.8 million loss; hot-rolled coil prices rose about 10% during the quarter.
- SG&A increased by about $5.4 million, driven by higher incentive compensation and added ongoing expenses tied to the Century acquisition.
Quarterly results
- Friedman Industries posted GAAP gross profit of $31.87 million for the quarter ended June 30, 2026, up from $12.5 million a year earlier.
- Adjusted gross profit (non-GAAP) more than doubled to $55.75 million; adjusted gross margin widened 1.6 percentage points to 23.2%.
- Sales climbed to $240 million on higher average selling prices and volume; shipments included 188,500 tons from inventory.
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