---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-027179"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2021-11-19T23:59:59+00:00"
generated_at: "2026-06-28T06:43:40.261969+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries Q2 FY2022 net earnings $13.2M ($1.91 EPS) vs year-ago loss, record quarter

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-21-027179
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2021-11-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39092/000143774921027179/0001437749-21-027179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774921027179/frd20211119_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-027179
- JSON: https://secwatch.observer/filing/0001437749-21-027179.json
- Plain text: https://secwatch.observer/filing/0001437749-21-027179.txt

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