← FRIEDMAN INDUSTRIES INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | $77.8m |
$121.2m
+55.82%
|
$187.2m
+54.47%
|
$142.1m
-24.07%
|
$126.1m
-11.26%
|
$285.2m
+126.19%
|
$547.5m
+91.96%
|
$516.3m
-5.71%
|
$444.6m
-13.88%
|
$646.9m
+45.50%
|
$752.1m
+16.26%
|
|
| Cost of materials sold (excludes items shown separately below) | $77.9m |
$111.2m
+42.67%
|
$174.2m
+56.69%
|
$139.5m
-19.95%
|
$102.5m
-26.51%
|
$244.2m
+138.25%
|
$504.5m
+106.53%
|
$491.7m
-2.52%
|
$441.8m
-10.15%
|
$518.7m
+17.40%
|
— | |
| Gross Profit | ($192k) |
$9.9m
+5292.09%
|
$12.9m
+29.73%
|
$2.6m
-79.78%
|
$23.6m
+803.53%
|
$41.0m
+73.78%
|
$43.1m
+5.12%
|
$24.5m
-43.09%
|
$2.8m
-88.64%
|
$128.2m
+4503.84%
|
$109.1m
-14.93%
|
|
| Selling, general and administrative | $4.0m | $4.2m | $4.8m | $5.1m | $7.8m | $12.5m | $22.0m | $21.0m | $16.2m | $28.6m | $37.0m | |
| EARNINGS FROM OPERATIONS | ($4.2m) | $4.0m | $6.4m | ($6.9m) | $15.7m | $28.3m | $21.1m | $24.5m | $3.0m | $25.7m | ||
| Interest expense | — | $28k | $18k | $5k | $25k | $255k | ($2.2m) | ($3.1m) | ($3.0m) | ($4.1m) | $4.7m | |
| Other income (expense) | — | — | — | $19k | ($503k) | ($9.9m) | $27k | $20k | $5k | ($7k) | $1.7m | |
| EARNINGS BEFORE INCOME TAXES | ($4.2m) | $4.1m | $6.8m | ($6.8m) | $15.2m | $18.3m | $28.2m | $23.3m | $7.7m | $26.4m | ||
| Provision for income taxes, amount | ($1.5m) | $1.3m | $1.7m | ($1.6m) | $3.8m | $4.3m | $6.8m | $6.0m | $1.6m | $6.8m | — | |
| NET EARNINGS | ($2.7m) |
$2.8m
+203.01%
|
$5.1m
+84.82%
|
($5.2m)
-202.93%
|
$11.4m
+317.64%
|
$14.1m
+23.12%
|
$21.3m
+51.74%
|
$17.3m
-18.74%
|
$6.1m
-64.92%
|
$19.5m
+221.00%
|
$26.8m
+36.96%
|
|
| Basic (in dollars per share) | ($0.39) | $0.39 | $0.73 | ($0.75) | $1.63 | $2.04 | $2.91 | $2.39 | $0.87 | $2.76 | — | |
| Diluted (in dollars per share) | ($0.39) | $0.39 | $0.73 | ($0.75) | $1.63 | $2.04 | $2.91 | $2.39 | $0.87 | $2.76 | — | |
| Cash dividends declared per common share (in dollars per share) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.10 | $0.16 | $0.16 | — | |
| Processing and warehousing expense | — | — | — | — | — | — | — | — | $33.5m | $41.7m | — | |
| Delivery expense | — | — | — | — | — | — | — | — | $23.2m | $28.4m | — | |
| Depreciation and amortization | — | — | — | — | — | — | $2.5m | $3.1m | $3.3m | $3.8m | $4.0m | |
| Costs and Expenses | $82.0m | $117.1m | $180.8m | $149.0m | $110.4m | $257.0m | $526.5m | $491.7m | $441.8m | $621.3m | — | |
| Gain on disposal of property, plant and equipment | — | — | — | — | — | — | — | $0 | $258k | $0 | — | |
| Fair value adjustment of contingent consideration | — | — | — | — | — | — | — | — | $0 | $1.4m | — | |
| Gain on economic hedges of risk | — | — | — | — | — | ($11.6m) | $9.3m | $1.8m | $7.6m | $3.4m | — | |
| Current | ($715k) | $39k | $2.1m | ($405k) | $2.5m | $4.8m | $3.5m | $5.2m | $1.4m | $5.6m | $9.4m | |
| Deferred taxes | ($757k) | $1.3m | ($327k) | ($1.2m) | $1.3m | ($562k) | $3.3m | $794k | $221k | $1.3m | — |