{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-028347","form_type":"8-K","ticker":"FRD","cik":"0000039092","company_name":"FRIEDMAN INDUSTRIES INC","filed_at":"2022-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.198976+00:00","generated_at":"2026-06-21T10:30:31.838016+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Friedman Q2 EPS $0.34 vs $1.91 YoY; sales $149.7M, up 62%, but margin compression drives profit decline","bullets":["Net earnings $2.47M ($0.34 diluted EPS) vs $13.18M ($1.91) in prior-year quarter.","Coil segment operating loss of $1.1M vs profit $24.3M; volume rose to 106,500 tons on Plateplus acquisition.","Tubular segment operating profit $3.34M vs $1.997M; hedging gains of $2.26M partially offset margin compression.","Outlook: Q3 volume ~105,000 tons; expects slight margin improvement and benefit from recent HRC price increases."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-028347","json":"https://secwatch.observer/filing/0001437749-22-028347.json","markdown":"https://secwatch.observer/filing/0001437749-22-028347.md","text":"https://secwatch.observer/filing/0001437749-22-028347.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39092/000143774922028347/0001437749-22-028347-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39092/000143774922028347/frd20221202_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:30:31.838016+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d42c6229c5f409c702db3c140feeff5b11d06064","claim":"FRIEDMAN INDUSTRIES INC reported quarter ended September 30, 2022 results: revenue 149,692,409, net income 2,470,908, EPS 0.34.","evidence_excerpt":"For the quarter ended September 30, 2022 (the “2022 quarter”), the Company recorded net earnings of $2,470,908 ($0.34 diluted earnings per share) on sales of $149,692,409 compared to net earnings of $13,177,614 ($1.91 diluted earnings per share) on sales of $92,570,895 for the quarter ended September 30, 2021 (the “2021 quarter”).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39092/000143774922028347/0001437749-22-028347-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended September 30, 2022"},{"label":"Revenue","value":"149,692,409"},{"label":"Net income","value":"2,470,908"},{"label":"EPS","value":"0.34"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}