{"filings":[{"id":2107436,"accession_number":"0001437749-26-026319","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2026-08-06T20:47:49+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q1 FY2027: EPS $1.79, sales $240M (+78% YoY), record volume 206K tons","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings $12.8M ($1.79 diluted EPS) vs $5.0M ($0.71) in prior year; EBITDA $19.3M vs $8.2M.","Sales $240.0M, up 78% YoY; record quarterly sales volume of ~206K tons (+28% YoY).","Flat-roll segment operating earnings $24.7M (vs $8.8M); tubular segment $2.1M (vs $1.3M).","Operating cash flow $7.3M; outlook expects Q2 volumes comparable to Q1 with sequential margin improvement.","Century Metals acquisition (Aug 2025) contributed; same-facility organic growth added ~33K tons."],"consensus_eps_estimate":null,"consensus_eps_actual":1.79,"consensus_revenue_estimate":null,"consensus_revenue_actual":239971000.0,"consensus_period":"2027-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1001876,"accession_number":"0001437749-26-020332","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2026-06-11T20:54:14+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries reports record FY2026 sales volume, net earnings $19.5M, EPS $2.76","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net earnings $9.2M ($1.30 diluted EPS) on sales $191.8M; EBITDA $15.2M.","FY2026 sales $646.9M (+46% YoY); net earnings $19.5M ($2.76 EPS) vs $6.1M prior year.","Record annual sales volume 706,000 tons (+22% YoY); Century Metals acquisition contributed.","Q4 flat-roll segment earnings from ops $13.9M, tubular $2.0M, both up sharply.","Outlook: Q1 FY2027 sales volumes comparable to Q4; expects sequential margin improvement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113382,"accession_number":"0001437749-26-008573","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2026-03-17T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Friedman Industries expands Sinton facility, adds laser cutting; completion Q4 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Expansion of Sinton, Texas facility on Steel Dynamics campus; completion targeted for Q4 2026.","Adding laser cutting equipment for first-stage processing of cut-to-length sheet.","CEO Michael Taylor says investment strengthens margins and deepens customer relationships.","Project aimed at delivering value-added solutions and improving supply chain efficiency."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113381,"accession_number":"0001437749-26-003541","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2026-02-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q3 net earnings $3.0M, sales up 79% YoY, turnaround from loss","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings $3.0M ($0.43 diluted EPS) vs net loss $1.2M (-$0.17) in year-ago quarter.","Sales $168.0M, up 79% YoY; volume increased 36%.","Flat-roll segment sales $153.0M, operating earnings $7.3M; tubular $14.9M, operating earnings $1.4M.","Hedging activities contributed a $1.4M gain for the quarter.","Outlook: Q4 volumes consistent with Q3, sequential margin improvement from higher selling prices."],"consensus_eps_estimate":null,"consensus_eps_actual":1.46,"consensus_revenue_estimate":null,"consensus_revenue_actual":455134000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129767,"accession_number":"0001437749-25-037861","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-12-15T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Friedman Industries increases credit facility by $15M to $140M via Sixth Amendment","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate commitments under A&R Credit Agreement raised from $125M to $140M.","Amendment modifies threshold amounts and definition of Eligible Accounts.","Borrowers are Friedman Industries and Century Metals & Supplies, LLC.","JPMorgan Chase Bank remains administrative agent under the amended facility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129766,"accession_number":"0001437749-25-034129","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-11-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q2: Net earnings $2.2M, sales $152.4M (+43% YoY); record volume","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings of $2.2M ($0.32 diluted EPS) vs net loss of $0.7M ($0.10 loss) in prior-year quarter.","Sales $152.4M, up 43% YoY; sales volume of 154,500 tons inventory + 24,500 tons toll processing, a record.","Completed acquisition of Century Metals & Supplies on Aug 29, 2025; incurred $0.9M in non-recurring acquisition expenses.","Flat-roll segment operating profit $5.7M; tubular segment swung to profit of $0.9M from a $0.6M loss.","Outlook: Q3 volume expected consistent with Q2, margins improving modestly on higher metals pricing."],"consensus_eps_estimate":null,"consensus_eps_actual":1.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":287160000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129765,"accession_number":"0001437749-25-034049","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K/A","filed_at":"2025-11-10T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Friedman Industries files Century Metals audited results: $98.8M rev, $4.1M net income in 2024","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Century Metals FY2024 net sales $98.8M (down from $103.8M in 2023); net income $4.1M vs $4.2M.","Total assets $68.6M, liabilities $42.1M at Dec 31, 2024; acquisition closed Aug 29, 2025.","Pro forma condensed combined financials filed for acquisition of Florida service centers in Miami, Tampa, Orlando.","Customer concentration: one customer accounted for 11% of 2024 sales ($10.9M).","Two vendors provided 28% of cost of sales in 2024; line of credit $16.5M at SOFR+2.5%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146356,"accession_number":"0001437749-25-029681","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-09-23T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Friedman Industries shareholders approve LTIP, reject bylaw amendment at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All seven director nominees elected; Sandy Scott received 585,490 withhold votes, highest among nominees.","Non-binding say-on-pay approved with 3.36M for vs 82K against; shareholders selected 1-year frequency.","Ratification of Baker Tilly as auditor for FY2026 passed (5.14M for, 69K against).","Amendment to allow shareholders to amend bylaws failed (3.42M for, but less than 2/3 of outstanding shares).","2025 Long-Term Incentive Plan approved with 3.35M for vs 142K against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146355,"accession_number":"0001437749-25-028241","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-09-03T23:59:59+00:00","items":["1.01","2.01","2.03","9.01"],"status":"ready","headline":"Friedman Industries acquires Century Metals for $45.25M cash plus $3.5M note and earn-out","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired Century Metals & Supplies for $45.25M cash at closing, $3.5M promissory note, and up to $10M earn-out over four years.","Century Metals had average annual revenues of ~$111M over past three fiscal years; deal expected to be immediately accretive.","Acquisition adds facilities in Miami (owned), Orlando and Tampa (leased), and expands into cold-rolled, coated, stainless steels and non-ferrous.","Credit facility amended: commitments reduced to $125M, maturity extended to August 29, 2030, with Wells Fargo replacing BMO as lender.","Friedman gains coil slitting capabilities and access to residential and corrosion-resistant markets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146354,"accession_number":"0001437749-25-025462","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q1 net earnings rise to $5.0M, sales up 18% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings $5.0M ($0.71 diluted EPS) vs $2.6M ($0.37) in prior year.","Sales $134.8M, +18% YoY; tons sold 141,500 (excl. toll), +12% YoY.","Flat-roll segment earnings from ops $8.8M (vs $2.7M); tubular swings to $1.3M profit from ($1.2M) loss.","Operating cash flow $15.5M; debt reduced $14.7M; working capital $117.5M.","Outlook: slightly higher Q2 volume but lower margins due to softening HRC prices."],"consensus_eps_estimate":null,"consensus_eps_actual":0.71,"consensus_revenue_estimate":null,"consensus_revenue_actual":134777000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146353,"accession_number":"0001437749-25-022655","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-07-14T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Friedman Industries appoints Gaurav Chhibbar as COO effective July 10, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Gaurav Chhibbar appointed COO effective July 10, 2025.","Base annual salary of $365,000; eligible for short-term incentive and equity-based LTIP.","Previously a principal at Boston Consulting Group; prior metals-industry roles at Metal Edge Partners and Cargill.","MBA from University of Chicago Booth School; MIB from Indian Institute of Foreign Trade; B.E. from Panjab University."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164712,"accession_number":"0001437749-25-021112","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-06-24T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Friedman Industries appoints Baker Tilly as auditor after Moss Adams merger","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Moss Adams merged with Baker Tilly effective June 3, 2025; Moss Adams resigned as auditor.","Audit committee approved Baker Tilly as successor auditor; no disagreements or reportable events.","Prior audit reports for FY ended March 31, 2025 and 2024 were unqualified.","No consultations with Baker Tilly occurred prior to appointment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164711,"accession_number":"0001437749-25-020225","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-06-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q4 earnings $5.3M; FY2025 net income falls to $6.1M from $17.3M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 net earnings $5.3M ($0.76 diluted EPS) on sales $129.2M vs Q4 2024 net earnings $5.0M ($0.71) on sales $132.2M.","Fiscal 2025 net earnings $6.1M ($0.87 diluted EPS) vs $17.3M ($2.39) in fiscal 2024; sales down to $444.6M from $516.3M.","Record quarterly sales volume ~166,500 tons, up 5% YoY and 28% from Q3; steel prices rose 35% in Q4.","Hedging gains of $1.8M in Q4 and $7.6M for fiscal 2025 helped offset price volatility.","Outlook: Q1 FY2026 volume slightly lower due to downtime but expects improved margins."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164710,"accession_number":"0001437749-25-015820","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-05-09T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Friedman Industries extends credit facility maturity to August 19, 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Fourth Amendment to A&R Credit Agreement dated May 6, 2025 extends maturity to August 19, 2026.","Original credit agreement was dated May 19, 2021; JPMorgan Chase Bank, N.A. is administrative agent.","No changes to borrowing capacity, interest rates, or other terms disclosed in the filing.","Amendment will be filed as an exhibit to the Form 10-K for fiscal year ended March 31, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182434,"accession_number":"0001437749-25-009649","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-03-27T23:59:59+00:00","items":["3.01","8.01","9.01"],"status":"ready","headline":"Friedman Industries to transfer stock listing to Nasdaq Global Select Market effective April 8, 2025","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Transfer from NYSE American to Nasdaq, same ticker 'FRD', effective April 8, 2025.","Shares trade on NYSE American through market close on April 7, 2025.","CEO Michael Taylor cites improved market visibility and potential for liquidity and institutional ownership."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182433,"accession_number":"0001437749-25-008988","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-03-24T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Friedman Industries appoints Michael Hanson as director, increasing board size","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board increased size and appointed Michael Hanson as director effective March 19, 2025.","Hanson retired in 2022 as VP of Sales & Marketing at North Star BlueScope Steel.","Serves on boards of Adopt America Network and its foundation.","Not appointed to any board committees initially; will receive pro rata director fees.","Holds MBA from Eastern Michigan University and bachelor's in marketing from Univ of North Dakota."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182432,"accession_number":"0001437749-25-003173","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2025-02-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q3 net loss of $1.2M vs. year-ago profit; sales down 19%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $1.2M ($0.17 diluted loss per share) versus net income of $1.2M ($0.16 diluted EPS) a year ago.","Sales fell 19% YoY to $94.1M from $116.0M, with flat-roll segment avg selling price dropping to $813/ton from $960/ton.","Flat-roll operating profit plunged to $1.3M from $8.7M; tubular segment posted a $0.2M operating loss.","Quarter-end sales backlog volume 11% higher than prior year; debt reduced 9% during the quarter.","Company expects Q4 sales volume to exceed Q3 and margins to improve, citing stronger order activity after election."],"consensus_eps_estimate":null,"consensus_eps_actual":0.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":315384000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199051,"accession_number":"0001437749-24-034585","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2024-11-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries reports Q2 net loss of $0.7M; sales down 18% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $0.7M ($0.10 diluted loss per share) vs net earnings of $3.5M ($0.48 EPS) a year ago.","Sales fell to $106.8M from $130.7M; total tons sold (inventory + toll) dropped 8% to 139,500 tons.","Flat-roll segment operating profit slipped to $2.7M from $3.1M; tubular segment had an operating loss of $0.6M.","Working capital $111.7M; debt reduced 22% during the quarter.","Outlook: expects slightly lower Q3 volume due to holidays and persistent margin pressure."],"consensus_eps_estimate":null,"consensus_eps_actual":0.27,"consensus_revenue_estimate":null,"consensus_revenue_actual":221310000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199050,"accession_number":"0001437749-24-033900","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Friedman Industries adopts change of control severance plan with 3x CEO and 2x CFO multipliers","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Plan approved Sept 18, 2024; applies if termination occurs within 3 months before or 18 months after a change in control.","CEO receives 3x multiple of base salary + average annual bonus, plus pro-rata bonus; CFO gets 2x multiple.","Each also receives same multiple of health plan contribution and up to $10,000 for outplacement services.","Trigger: termination by company without cause or by individual for good reason."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215089,"accession_number":"0001437749-24-029675","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2024-09-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Friedman Industries shareholders reelect all 7 directors, reject bylaw amendment","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All seven director nominees elected; Michael J. Taylor led with 4,010,397 votes for.","Non-binding say-on-pay advisory resolution approved: 3,932,832 for, 200,780 against.","Ratification of Moss Adams LLP as FY2025 auditor passed: 5,383,273 for, 37,270 against.","Amendment to Articles of Incorporation to let shareholders amend bylaws failed; needed two-thirds majority.","Meeting held Sept. 18, 2024; details per Item 5.07."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215088,"accession_number":"0001437749-24-025575","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2024-08-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q1 net earnings $2.6M ($0.37 EPS), down from $7.7M ($1.04 EPS) YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales of $114.6M down from $137.3M YoY; net earnings of $2.6M vs $7.7M.","Flat-roll segment operating profit fell to $2.7M from $11.8M YoY; tubular segment swung to loss of $1.2M.","Hedging gains of $5.4M helped offset physical margin compression from declining HRC prices.","Sales volume declined to 119K tons inventory sold plus 24K tons toll processing (vs 129K+24K prior year).","Outlook: expects Q2 sales volume similar to Q1; challenging margins but rising HRC prices may improve later."],"consensus_eps_estimate":null,"consensus_eps_actual":0.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":114551000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234334,"accession_number":"0001437749-24-019977","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2024-06-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q4 net earnings $5M; FY2024 second most profitable year","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net earnings $5.0M ($0.71 diluted EPS) on sales $132.2M; prior Q4 $6.3M ($0.86) on $124.2M.","FY2024 net earnings $17.3M ($2.39 diluted EPS), second most profitable; sales volume up 19% YoY.","Flat-roll segment Q4 operating profit $9.6M (+25% YoY); tubular segment profit $0.8M (-68% YoY).","Outlook: Q1 FY2025 volume similar to Q4; lower margins hedged with $5.3M in gains YTD.","Working capital $116M; FY2024 sales $516M, down from $547M in prior year."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252232,"accession_number":"0001437749-24-004193","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2024-02-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q3 fiscal 2024: EPS $0.16, sales $116M, flat-roll segment profit surges to $8.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings $1.2M ($0.16 diluted EPS) on sales $116M vs $1.4M ($0.19) on $111.9M a year ago.","Flat-roll segment operating profit $8.7M vs $3.3M; tubular segment operating loss $0.1M vs profit $0.7M.","Sales volume up 11% YoY; average HRC selling price $960/ton vs $949/ton.","Hedging loss of $4.1M ($3.0M realized, $1.1M unrealized) partially offset physical margin improvement.","Management expects strong Q4 with solid margins as HRC price appreciation flows through inventory."],"consensus_eps_estimate":null,"consensus_eps_actual":1.69,"consensus_revenue_estimate":null,"consensus_revenue_actual":384019000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269756,"accession_number":"0001437749-23-034710","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2023-12-18T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Friedman Industries repurchases 400K shares from Metal One for $5.1M; authorizes new 15% buyback program","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 400,041 shares from Metal One at $12.76/share for aggregate ~$5.1M on Dec 13, 2023.","After repurchase, 6,971,824 shares outstanding; program authorizes up to 1,045,774 additional shares (15% of post-repurchase float).","Program expires Dec 13, 2026; repurchases may be made via open market, block trades, or private transactions.","CEO Michael Taylor cites confidence in future value creation and recent strategic investments expanding capabilities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269755,"accession_number":"0001437749-23-032051","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2023-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q2 net earnings $3.5M ($0.48 EPS); sales volume up 10%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings $3.5M ($0.48 diluted EPS) vs $2.5M ($0.34) YoY; sales $130.7M down from $149.7M on lower steel prices.","Sales volume increased 10% to ~129,000 tons; flat-roll segment operating profit $3.1M vs loss $1.1M.","HRC price declined ~25% in quarter, but hedging gains of $4.4M offset margin compression.","Outlook: multiple domestic steel producers announced ~$300/ton HRC price increases; expects margin improvement in H2.","Strategic growth: Decatur aims for 8,000 tons/month, Sinton 10,000; Granite City second line operational."],"consensus_eps_estimate":null,"consensus_eps_actual":1.52,"consensus_revenue_estimate":null,"consensus_revenue_actual":268046000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286748,"accession_number":"0001437749-23-025835","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2023-09-14T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Friedman shareholders elect eight directors, approve say-on-pay, ratify auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All eight board nominees elected; four directors each received over 1.5M withheld votes (30-40% of cast).","Non-binding advisory say-on-pay approved: 4,087,864 for, 55,336 against, 46,561 abstain.","Moss Adams LLP ratified as independent auditor for FY2024 with 5,794,695 for, 15,666 against, 10,443 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.15,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286747,"accession_number":"0001437749-23-023715","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2023-08-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Q1 FY24 net earnings $7.7M, sales $137.3M, volume up 23%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Diluted EPS $1.04 vs $1.55 YoY; net earnings $7.7M vs $11.2M.","Flat-roll segment sales $125.2M, avg price $1,038/ton (down 32% YoY), volume 120K tons (up 28%).","Tubular segment sales $12.1M, avg price $1,358/ton, volume 9K tons.","Outlook: Q2 volumes similar to Q1; lower physical margins expected due to HRC price declines, partially offset by hedging gains.","Working capital $113.1M at quarter-end; Sinton facility (opened Oct 2022) driving volume growth."],"consensus_eps_estimate":null,"consensus_eps_actual":1.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":137298000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286746,"accession_number":"0001437749-23-022251","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2023-08-07T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Friedman Industries launches new company website highlighting recent facility acquisitions and new construction","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Launched new website at www.friedmanindustries.com on August 7, 2023.","Site features expanded content on recent growth: East Chicago and Granite City acquisitions, and new Sinton, TX facility.","Investors can subscribe to alerts via the site for ongoing company information."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306686,"accession_number":"0001437749-23-018923","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2023-06-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries reports record FY2023 net earnings of $21.3M; sales up 92% to $547.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 FY2023 net earnings of $6.3M ($0.86 diluted EPS) vs loss of $7.5M in Q4 FY2022; sales $124.2M (+65% YoY).","FY2023 net earnings of $21.3M ($2.91 diluted EPS), most profitable year; sales $547.5M (+92% vs $285.2M in FY2022).","Sales volume up 134% in FY2023 to 467,000 tons, driven by acquisitions and new Sinton, TX facility.","Company expects Q1 FY2024 to be one of the most profitable quarters; volume similar to Q4 FY2023 with margin improvement.","Form 10-K for FY2023 not timely filed due to ERP system consolidation; expects to file by July 14, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325791,"accession_number":"0001437749-23-002903","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2023-02-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q3 net earnings $1.38M vs loss $2.96M; sales $112M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings $1,375,893 ($0.19 diluted EPS) vs net loss $2,961,833 ($0.45 loss) in prior-year quarter.","Sales $111.86M, up 117% YoY; volume 113K tons vs 39K tons, driven by acquisitions and new Sinton plant.","Coil segment operating profit $3.26M vs loss $4.03M; tubular profit $0.69M vs loss $0.65M.","Outlook: Q4 volume 115-125K tons, margin improvement expected from rising HRC prices."],"consensus_eps_estimate":null,"consensus_eps_actual":2.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":423355592.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343541,"accession_number":"0001437749-22-028347","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-12-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Q2 EPS $0.34 vs $1.91 YoY; sales $149.7M, up 62%, but margin compression drives profit decline","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings $2.47M ($0.34 diluted EPS) vs $13.18M ($1.91) in prior-year quarter.","Coil segment operating loss of $1.1M vs profit $24.3M; volume rose to 106,500 tons on Plateplus acquisition.","Tubular segment operating profit $3.34M vs $1.997M; hedging gains of $2.26M partially offset margin compression.","Outlook: Q3 volume ~105,000 tons; expects slight margin improvement and benefit from recent HRC price increases."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343540,"accession_number":"0001437749-22-027920","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-11-22T23:59:59+00:00","items":["3.01","8.01","9.01"],"status":"ready","headline":"Friedman Industries receives NYSE late filing notice; Sinton facility begins shipments","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NYSE American issued a filing delinquency notice for missing the Sept 30, 2022 Form 10-Q; 6-month cure period given.","Sinton coil processing facility started shipping to customers on October 25, 2022; new stretcher leveler line operational.","Company hired additional accounting staff in Sept/Oct 2022 to address filing delays and future compliance.","NYSE will add '.LF' indicator to ticker symbol FRD until the filing delinquency is cured."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343539,"accession_number":"0001437749-22-024047","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-10-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q1 FY2023 EPS $1.55 on $161.8M revenue; includes Plateplus acquisition","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings $11.2M ($1.55 diluted EPS) vs $11.3M ($1.64) on revenue $161.8M (up 145% from $65.9M).","Plateplus acquisition contributed ~$82.2M revenue and ~$6.4M pretax income in the quarter.","Coil segment sold 94k tons (up from 39k), driven by acquired facilities; tubular segment sold 10.5k tons (down from 14.5k).","Sinton facility commissioning began Oct 2022; expected annual shipments of 110-140k tons by FY2024.","Q2 outlook: sales ~$150M on 115k tons; Q3 margins expected to normalize on 105k tons."],"consensus_eps_estimate":null,"consensus_eps_actual":1.88,"consensus_revenue_estimate":null,"consensus_revenue_actual":311495499.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":360075,"accession_number":"0001437749-22-022610","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-09-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Friedman Industries shareholders re-elect all eight directors; advisory say-on-pay approved","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All eight director nominees elected; Michael J. Taylor received highest votes for (4,225,845) and Joel Spira lowest (2,868,536).","Non-binding advisory vote on executive compensation passed: 3,527,301 for, 743,489 against, 17,331 abstain.","Ratification of Moss Adams LLP as independent auditor for FY ending March 31, 2023: 5,596,320 for, 31,579 against, 74,060 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":360072,"accession_number":"0001437749-22-019166","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K/A","filed_at":"2022-08-05T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"Friedman Industries Acquires Certain Assets of Plateplus for $72.4M and Stock","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Friedman Industries acquired real estate, buildings, equipment, inventory, and client relationships from Plateplus’ East Chicago, IN and Granite City, IL facilities and other locations.","Total consideration of approximately $72.4 million in cash and 516,041 shares of Friedman common stock.","The acquisition was financed through an expansion of Friedman’s asset-based lending facility from $75M to $150M.","The filing includes audited financial statements of the acquired assets and pro forma combined financial information.","Net assets acquired totaled $72.9 million as of March 31, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":360074,"accession_number":"0001437749-22-017624","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-07-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries reports Q4 loss but record FY2022 profit; Plateplus acquisition boosts volumes","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net loss $7.46M ($1.11 diluted loss) on $75.1M sales; year-ago net income $10.4M ($1.50 EPS).","Record FY2022 net earnings $14.1M ($2.04 EPS) on $285.2M sales vs FY2021 $11.4M ($1.63 EPS).","Plateplus acquisition closed Apr 30; added 2 facilities, 76 employees. May sales ~42K tons, June ~44K tons.","Q1 FY2023 sales volume ~104.5K tons (100% increase); expects one of the most profitable quarters.","Form 10-K filing delayed due to accelerated filer audit procedures; expects to file as soon as possible."],"consensus_eps_estimate":null,"consensus_eps_actual":1.55,"consensus_revenue_estimate":null,"consensus_revenue_actual":161803090.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":360073,"accession_number":"0001437749-22-017021","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-07-13T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Friedman Industries enters $50M ABL Facility amendment with BMO Harris Bank","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Entered Third Amendment to A&R Credit Agreement to syndicate ABL facility with BMO Harris Bank.","New Revolving Note issued to BMO Harris Bank for up to $50 million principal amount.","Amendment adds covenant requiring Company and subsidiaries to maintain JPMorgan as principal depository bank.","Existing lenders and JPMorgan remain as administrative agent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":379000,"accession_number":"0001437749-22-016186","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-06-29T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Friedman Industries delays Form 10-K filing due to accelerated filer status and Plateplus transaction","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Filer status changed to accelerated filer on Sept 30, 2021 after public float reached ~$76 million.","Form 10-K for fiscal year ended March 31, 2022 was due June 14; filed NT 10-K for extension to June 29.","Company unable to file on June 29; new expected filing date is on or before July 22, 2022.","Contributing factors include completion of Plateplus, Inc. transaction and COVID-19 cases among accounting staff.","Friedman Industries operates steel processing plants in Arkansas, Alabama, Indiana, Illinois, and Texas."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":378999,"accession_number":"0001437749-22-015185","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-06-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Friedman Industries appoints Sandra K. Scott and Sharon Taylor to Board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board increased size and appointed Sandra K. Scott and Sharon Taylor as directors, effective June 14, 2022.","Scott served as CEO of Sprint Industrial Holdings (2010-2019); currently director at Terra Nova Solutions, CEDA International, DWD International, and Goodwill of Houston.","Taylor is VP & CFO of Martin Midstream Partners; previously Director of Finance and Head of IR at Martin Midstream.","Neither appointee was immediately assigned to any Board committees; each will receive pro-rata annual fees and equity awards.","No departures were reported; the additions fill newly created vacancies under the Company's Bylaws."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":378998,"accession_number":"0001437749-22-010468","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-05-02T23:59:59+00:00","items":["1.01","2.01","2.03","3.02","9.01"],"status":"ready","headline":"Friedman Industries acquires Plateplus assets for ~$63.8M cash + shares; expands ABL facility to $150M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired East Chicago, IN and Granite City, IL facilities plus inventory/customer relationships from Loudon, TN and Houston, TX for $63.8M cash and 516,041 shares of FRD common stock.","Acquisition closed April 30, 2022; expected to more than double coil product segment volume (acquired facilities sold 163K tons vs Friedman's 152K tons in trailing 12 months).","Financed via expansion of JPMorgan ABL facility from $75M to $150M; post-closing borrowed balance was $72.5M.","Shares issued to Plateplus (516,041) subject to six-month lock-up; Metal One Corporation becomes significant shareholder.","Transaction expected to be immediately accretive to operating results; operations integrated into Friedman's coil product segment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":397233,"accession_number":"0001437749-22-006338","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-03-15T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Friedman Industries increases ABL facility from $40M to $75M, shifts to SOFR-based rate","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Asset-based revolver raised from $40M to $75M; accordion feature allows up to $10M additional increase.","Interest on Term SOFR borrowings: SOFR + 0.10% adjustment + 1.70% margin per annum.","Non-SOFR borrowings accrue at Prime Rate; transition from LIBOR to Term SOFR effective March 11, 2022.","Amendment cited recent market volatility and geopolitical uncertainty as precautionary reasons.","JPMorgan Chase Bank remains administrative agent; lenders party to A&R Credit Agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":397232,"accession_number":"0001437749-22-003293","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2022-02-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries reports Q3 net loss of $2.96M; revenue up 81% YoY to $51.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Diluted EPS loss of $0.43 vs. $0.30 EPS gain in prior-year quarter; net loss driven by $13.0M hedging loss.","Sales rose 81% to $51.7M on higher average selling prices; tons sold declined slightly.","Coil segment operating loss of $4.0M included $13.1M net loss on hedging; sales $41.8M.","Sinton facility construction delayed; operations now expected Aug 2022 with $21M total cost.","Outlook for Q4: physical margins to decline but remain above historical averages; ~$9M hedging losses to hit earnings."],"consensus_eps_estimate":null,"consensus_eps_actual":3.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":210143277.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":416188,"accession_number":"0001437749-21-027179","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2021-11-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries Q2 FY2022 net earnings $13.2M ($1.91 EPS) vs year-ago loss, record quarter","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net earnings of $13.18M ($1.91 diluted EPS) on sales of $92.57M vs net loss of $0.25M ($0.04 loss) year ago.","Coil segment operating profit $24.27M vs $0.75M; tubular profit $2.0M vs loss $0.34M.","Sinton, TX coil facility construction started; expected to begin operations April 2022, total project cost $21M.","Outlook: physical margins to decline slightly but remain well above historical averages; expect $14.7M hedge loss reclassification in Q3.","Company expects FY ending March 2022 to be most profitable fiscal year in history."],"consensus_eps_estimate":null,"consensus_eps_actual":3.55,"consensus_revenue_estimate":null,"consensus_revenue_actual":158487334.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":416187,"accession_number":"0001437749-21-026099","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2021-11-10T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Friedman Industries adopts advance notice bylaw for shareholder proposals and director nominations","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board adopted advance notice provisions effective Nov 8, 2021, requiring shareholder proposals and director nominations to be submitted within 90-120 days before annual meeting.","For special meetings, notice must be delivered no earlier than 120 days and no later than 90 days before the meeting, or 10 days after public announcement of meeting.","Requires detailed disclosures including ownership, derivative instruments, compensation agreements, and a questionnaire/representation for nominees.","The amendment aims to modernize bylaws and bring them into conformity with normal public company practice."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":433807,"accession_number":"0001437749-21-021997","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2021-09-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Friedman Industries shareholders elect six directors, approve say-on-pay, ratify auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All six director nominees elected; Michael J. Taylor received 4,100,049 votes for, 52,672 withheld.","Non-binding advisory vote on executive compensation approved with 4,033,243 for, 101,670 against, 17,808 abstain.","Ratification of Moss Adams as independent auditor for FY2022 approved (5,523,409 for, 14,869 against, 13,880 abstain)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":433806,"accession_number":"0001437749-21-020722","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2021-08-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries posts record Q1 net earnings of $11.3M ($1.64 EPS) vs year-ago loss","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales surged to $65.9M from $23.5M YoY, driven by ~200% rise in hot-rolled steel prices.","Coil segment operating profit of $13.3M vs loss of $459K; tubular segment profit $2.6M vs $59K.","Company broke ground on new Sinton, TX facility (cost ~$21M, startup expected April 2022).","Decatur, AL stretcher leveler line commissioned March 2021; volume exceeded pre-COVID levels.","Guidance: margins remain strong; expects Q2 results to improve over Q1."],"consensus_eps_estimate":null,"consensus_eps_actual":1.64,"consensus_revenue_estimate":null,"consensus_revenue_actual":65916439.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":433805,"accession_number":"0001437749-21-016583","cik":39092,"company_name":"FRIEDMAN INDUSTRIES INC","ticker":"FRD","form_type":"8-K","filed_at":"2021-07-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Friedman Industries reports best quarter ever: Q4 net earnings $10.4M ($1.50 EPS) vs year-ago loss","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net earnings of $10.4M ($1.50 diluted EPS) on sales $49.2M; prior-year quarter net loss $3.0M ($0.43 loss per share) on sales $33.0M.","FY2021 net earnings $11.4M ($1.63 EPS) on sales $126.1M; FY2020 net loss $5.2M ($0.75 loss per share). Second most profitable fiscal year.","Margins boosted by historic 200% steel price rise and $5.5M recognized gain on hot-rolled coil derivatives.","Announced new Sinton, Texas facility on SDI campus; $21M cost, 70,000 sq ft, world’s largest stretcher leveler line, starting April 2022.","Expects Q1 FY2022 results slightly better than Q4 FY2021; margins seen remaining strong."],"consensus_eps_estimate":null,"consensus_eps_actual":1.64,"consensus_revenue_estimate":null,"consensus_revenue_actual":65916439.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":168772079.0672489,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}