secwatch.observer — SEC 8-K summary
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Issuer:     FRIEDMAN INDUSTRIES INC (FRD)
CIK:        0000039092
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0001437749-22-003293
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Friedman Industries reports Q3 net loss of $2.96M; revenue up 81% YoY to $51.7M
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- Diluted EPS loss of $0.43 vs. $0.30 EPS gain in prior-year quarter; net loss driven by $13.0M hedging loss.
- Sales rose 81% to $51.7M on higher average selling prices; tons sold declined slightly.
- Coil segment operating loss of $4.0M included $13.1M net loss on hedging; sales $41.8M.
- Sinton facility construction delayed; operations now expected Aug 2022 with $21M total cost.
- Outlook for Q4: physical margins to decline but remain above historical averages; ~$9M hedging losses to hit earnings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39092/000143774922003293/0001437749-22-003293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39092/000143774922003293/frd20220214_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-003293

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