Filing Flows › Friedman Industries (FRD) › Q1 FY27
Friedman Industries (FRD) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 6, 2026
Friedman Industries (FRD) reported revenue of $240M for the first quarter fiscal 2027 (Q1 FY27), +78% from a year earlier. Operating margin was 8.8%, net earnings $12.8M (5.3% of revenue).
Friedman Industries, Q1 FY27: revenue $240M (+78% year over year), operating margin 8.8%, net earnings $12.8M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | — | +78% |
| Operating profit | $21.0M | — | +199% |
| Net earnings | $12.8M | — | +154% |
| Operating cash flow | $7.3M | — | -53% |
| Free cash flow | $5.1M | — | -63% |
What changed
Revenue was $240.0M in Q1 FY27, up 78% year over year. Flat-roll was the largest line at 92% of revenue. Flat-roll added $97.7M year over year (up 79%), 93% of the total change.
Operating profit was $21.0M, a 8.8% margin (up 3.5 points year over year). Of the extra revenue versus Q1 FY26, 13% reached operating profit, above the 5% margin then. Total costs grew 71% against revenue growth of 78%. The fastest-growing cost line was SG&A (+99%). Net earnings were $12.8M, up 154% year over year. The effective tax rate was 24.7%.
Operating cash flow was $7.3M (down 53% year over year), 57% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization. Working capital and other items used $6.5M. Capital expenditures of $2.2M left free cash flow of $5.1M.
Questions
What was Friedman Industries' revenue in the first quarter fiscal 2027?
Friedman Industries (FRD) reported revenue of $240M for the first quarter fiscal 2027 (Q1 FY27), +78% from a year earlier.
Was Friedman Industries profitable in the first quarter fiscal 2027?
Operating profit was $21.0M (8.8% of revenue) and net earnings $12.8M.