Friedman Industries (FRD) Stock Surges Over 21% After Hours: Why Is It Moving?

Friedman Industries, Incorporated (NASDAQ: FRD ) shares surged 21.30% to $32 in after-hours trading on Thursday following a sharp increase in earnings per share in fourth-quarter results announced by the Texas-based steel processor. The results, covering the quarter and fiscal year ended Mar. 31, were announced after the market closed on Thursday. Q4 Numbers In Focus Friedman reported fourth-quarter net earnings of $9.2 million, or $1.30 diluted EPS, on sales of $191.8 million, up from $5.3 million, or $0.76 EPS , on $129.2 million a year prior. EBITDA expanded to $15.2 million from $8.5 million, while sales volume hit a company-record 189,000 tons, up 14% year-over-year. FY26 Results For full-year fiscal 2026, FRD earned $19.5 million, or $2.76 diluted EPS, on $646.9 million in sales, with EBITDA climbing to $34.3 million from $13.9 million on record annual volume of 706,000 tons. Management ... Full story available on Benzinga.com