Friedman Industries (FRI) Reports Q3 Earnings Up, Revenue Steady

Friedman Industries (FRI) reported third-quarter earnings on February 9, 2026, with a net profit of $14.2 million, up 21% from $11.7 million in the same period of 2025. Revenue for the quarter totaled $218.5 million, a slight increase from $216.8 million in Q3 2025. The improvement followed a 10% rise in selling, general, and administrative expenses year-over-year, driven by increased marketing and R&D spending. The company attributed the stronger results to higher industrial automation sales and improved supply chain efficiency.