Friedman Industries posts record Q1 net earnings of $11.3M ($1.64 EPS) vs year-ago loss

FRIEDMAN INDUSTRIES INC

2022-Q1 EPS reported $1.64 revenue$65,916,439

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.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.