Filing Flows › Friedman Industries (FRD) › Q2 FY27
Friedman Industries (FRD) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 5, 2026
Friedman Industries (FRD) reported revenue of $287M for the second quarter fiscal 2027 (Q2 FY27), +88% from a year earlier and +20% from the quarter before. Operating margin was 12.8%, net earnings $15.6M (5.4% of revenue).
Friedman Industries, Q2 FY27: revenue $287M (+88% year over year), operating margin 12.8%, net earnings $15.6M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $287M | +20% | +88% |
| Operating profit | $36.6M | +74% | 13× |
| Net earnings | $15.6M | +22% | +597% |
| Operating cash flow | $6.1M | -16% | 14× |
| Free cash flow | $2.4M | -53% | — |
What changed
Revenue was $286.8M in Q2 FY27, up 88% year over year and up 20% from the previous quarter.
Operating profit was $36.6M, a 12.8% margin (up 10.9 points year over year). Of the extra revenue versus Q2 FY26, 25% reached operating profit, above the 2% margin then. Total costs grew 67% against revenue growth of 88%. The fastest-growing cost line was SG&A (+84%). Net earnings were $15.6M, up 597% year over year. The effective tax rate was 24.3%.
Operating cash flow was $6.1M (up 1315% year over year), 39% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization. Working capital and other items used $10.5M. Capital expenditures of $3.7M left free cash flow of $2.4M.
Questions
What was Friedman Industries' revenue in the second quarter fiscal 2027?
Friedman Industries (FRD) reported revenue of $287M for the second quarter fiscal 2027 (Q2 FY27), +88% from a year earlier and +20% from the quarter before.
Was Friedman Industries profitable in the second quarter fiscal 2027?
Operating profit was $36.6M (12.8% of revenue) and net earnings $15.6M.