secwatch.observer — SEC 8-K summary
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Issuer:     FRIEDMAN INDUSTRIES INC (FRD)
CIK:        0000039092
Form:       8-K
Filed at:   2021-07-07T23:59:59+00:00
Accession:  0001437749-21-016583
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39092/000143774921016583/0001437749-21-016583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39092/000143774921016583/frd20210707_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-016583

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