FRIEDMAN INDUSTRIES INC

For the period ended Nov 5, 2026. Filed Nov 5, 2026.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Nov 5, 2026 · Filed Nov 5, 2026

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FRD$36.00+1.4%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · (In thousands, except for per share data)

(In thousands, except for per share data)

· · Three Months Ended September 30, · · · Six Months Ended September 30, ·
· · 2026 · · · 2025 · · · 2026 · · · 2025 ·

Net Sales	$286,806	$152,383	$526,777	$287,160

Costs and expenses:
Cost of materials sold (excludes items shown separately below)	211,823	126,082	396,042	231,786
Processing and warehousing expense	14,231	9,064	27,658	18,392
Delivery expense	11,581	7,134	20,966	13,534
Selling, general and administrative expense	11,540	6,287	22,377	11,742
Depreciation and amortization	1,057	937	2,126	1,784

Earnings from operations	36,574	2,879	57,608	9,922

Gain (loss) on economic hedges of risk	(14,645)	851	(17,401)	1,127
Interest expense	(1,302)	(754)	(2,526)	(1,432)
Other income (expense)	10	1	(67)	5

Earnings before income taxes	20,637	2,977	37,614	9,622

Income tax expense	5,023	737	9,216	2,354

Net earnings	$15,614	$2,240	$28,398	$7,268

Net earnings per share:
Basic	$2.19	$0.32	$3.96	$1.03
Diluted	$2.19	$0.32	$3.96	$1.03

The table below provides summarized unaudited balance sheets as of September 30, 2026 and March 31, 2026:

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