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FOR IMMEDIATE RELEASE Friedman Industries , Incorporated Announces First Quarter Results June 30 , 2026 Quarter Highlights : • Net earnings of $ 12.8 million ; EBITDA of $ 19.3 million • Sales of $ 240.0 million , up 78 % year - over - year Record quarter sales volume , up 9 % sequentially and 28 % year - over - year Exhibit 99.1 Operating cash flow of $ 7.3 million for the quarter LONGVIEW , Texas , August 6 , 2026 ( Globe Newswire ) -- Friedman Industries , Incorporated ( NASDAQ / GS : FRD ) announced today its results of operations for the quarter ended June 30 , 2026 . " We are pleased to begin fiscal 2027 with another quarter of record sales volume and significantly improved financial performance , " said Michael J. Taylor , President and Chief Executive Officer . " Our first quarter results reflect the ongoing strength of our commercial strategy , disciplined execution across our operations , and the benefits of our expanded operating platform . Net earnings increased to $ 12.8 million on record quarterly sales volume , demonstrating our ability to translate higher throughput and improved margins into meaningful earnings growth . Most encouraging is that most of our expanded year - over - year sales volume came from organic growth at the facilities we operated prior to the Century acquisition , underscoring the success of our investments to expand capacity utilization , win new business , and deepen customer relationships . " Taylor continued , " We have built a more diversified and capable business through disciplined investment and operational execution . Century Metals has integrated exceptionally well into our platform and continues to contribute meaningfully to both growth and profitability while expanding our geographic reach and customer offering . Together with the strong performance of our legacy operations , this demonstrates the strength of our operating model and the value of our long - term growth strategy . Combined with our strong balance sheet , broad processing capabilities , and disciplined commercial approach , we believe Friedman is well positioned to continue growing and delivering value for our customers and shareholders . " FINANCIAL RESULTS Sales volume reached approximately 206,000 tons during the quarter ended June 30 , 2026 quarter ( the “ 2026 quarter ” ) , an increase of approximately 45,500 tons , or 28 % , compared to the quarter ended June 30 , 2025 ( the “ 2025 quarter " ) . Approximately 33,000 tons of the increase was attributable to same - facility volume growth at the Company's existing operations , while the remaining increase resulted from Century Metals , which was acquired in August 2025. The higher sales volume , together with improved average selling prices , contributed to net earnings of approximately $ 12.8 million ( $ 1.79 diluted earnings per share ) on net sales of approximately $ 240.0 million , compared to net earnings of approximately $ 5.0 million ( $ 0.71 diluted earnings per share ) on net sales of approximately $ 134.8 million during the 2025 quarter . EBITDA increased to approximately $ 19.3 million for the 2026 quarter from approximately $ 8.2 million for the 2025 quarter .