---
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"
generated_at: "2026-06-21T10:30:31.838016+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Friedman Q2 EPS $0.34 vs $1.91 YoY; sales $149.7M, up 62%, but margin compression drives profit decline

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028347
- JSON: https://secwatch.observer/filing/0001437749-22-028347.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028347.txt

## Key facts
- Earnings Releases
  FRIEDMAN INDUSTRIES INC reported quarter ended September 30, 2022 results: revenue 149,692,409, net income 2,470,908, EPS 0.34.
  - Period: quarter ended September 30, 2022
  - Revenue: 149,692,409
  - Net income: 2,470,908
  - EPS: 0.34
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/39092/000143774922028347/0001437749-22-028347-index.htm

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