Friedman Industries reported record second-quarter net earnings of $15.6 million and sales of $286.8 million, marking an 88% increase in sales year-over-year. The growth was fueled by a 23% rise in sales volume, strong demand, and higher metal prices, despite a $14.6 million hedging charge. The company's flat-roll and tubular segments both showed significant volume and earnings gains, supported by operational improvements and the acquisition of Century Metals. Looking ahead, Friedman expects steady sales volume with improved margins due to higher selling prices, maintaining a strong inventory position to meet customer demand.
Friedman Industries' second-quarter results provide context for the Basic Materials sector's performance on Pluang. As of Nov 06, 2026 04:21 WIB, out of 83 priced Basic Materials stocks, 20 rose and 61 fell. Among notable movers, ALM dropped 9.56% to USD 7.95 with a typical hold time of 6 days, USAR declined 8.78% to USD 7.48 with 78% buy order activity and an 8-day hold, while NUE fell 7.89% to USD 246.77 with 62% sell orders and a much longer typical hold time of 78 days.
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