FRIEDMAN INDUSTRIES INC
For the period ended Mar 31, 2026. Filed Jun 11, 2026.
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FY2026 · Filed Jun 11, 2026
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EX-13.1 · Selling, General and Administrative Costs
Selling, General and Administrative Costs
During fiscal 2026, selling, general and administrative costs increased approximately $12.4 million compared to fiscal 2025. This increase was driven by profit-based and volume-based incentive compensation being approximately $6.6 million higher for fiscal 2026 combined with $1.3 million of one-time, non-recurring transaction costs associated with the acquisition of Century and $3.0 million of additional ongoing expenses related to the operation of Century. The remaining increase was primarily attributable to an increase in personnel to support sales growth and execution of our strategic initiatives.
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