secwatch.observer — SEC 8-K summary
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Issuer:     FRIEDMAN INDUSTRIES INC (FRD)
CIK:        0000039092
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001437749-21-027179
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39092/000143774921027179/0001437749-21-027179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39092/000143774921027179/frd20211119_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-027179

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