---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-016583"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2021-07-07T23:59:59+00:00"
generated_at: "2026-06-30T07:03:04.105126+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries reports best quarter ever: Q4 net earnings $10.4M ($1.50 EPS) vs year-ago loss

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-21-016583
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2021-07-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39092/000143774921016583/0001437749-21-016583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774921016583/frd20210707_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-016583
- JSON: https://secwatch.observer/filing/0001437749-21-016583.json
- Plain text: https://secwatch.observer/filing/0001437749-21-016583.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.