---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-018923"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T15:09:02.032306+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries reports record FY2023 net earnings of $21.3M; sales up 92% to $547.5M

## Summary
- Q4 FY2023 net earnings of $6.3M ($0.86 diluted EPS) vs loss of $7.5M in Q4 FY2022; sales $124.2M (+65% YoY).
- FY2023 net earnings of $21.3M ($2.91 diluted EPS), most profitable year; sales $547.5M (+92% vs $285.2M in FY2022).
- Sales volume up 134% in FY2023 to 467,000 tons, driven by acquisitions and new Sinton, TX facility.
- Company expects Q1 FY2024 to be one of the most profitable quarters; volume similar to Q4 FY2023 with margin improvement.
- Form 10-K for FY2023 not timely filed due to ERP system consolidation; expects to file by July 14, 2023.

## SEC filing metadata
- accession: 0001437749-23-018923
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39092/000143774923018923/0001437749-23-018923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774923018923/frd20230629_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-018923
- JSON: https://secwatch.observer/filing/0001437749-23-018923.json
- Plain text: https://secwatch.observer/filing/0001437749-23-018923.txt

## Key facts
- Earnings Releases
  FRIEDMAN INDUSTRIES INC reported the quarter ended March 31, 2023 results: revenue approximately $124.2 million, net income approximately $6.3 million, EPS $0.86 diluted earnings per share.
  - Period: the quarter ended March 31, 2023
  - Revenue: approximately $124.2 million
  - Net income: approximately $6.3 million
  - EPS: $0.86 diluted earnings per share
  - Result: reported results
  source text: For the quarter ended March 31, 2023 (the “2023 quarter”), the Company recorded net earnings of approximately $6.3 million ($0.86 diluted earnings per share) on sales of approximately $124.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/39092/000143774923018923/0001437749-23-018923-index.htm
- Earnings Releases
  FRIEDMAN INDUSTRIES INC reported the year ended March 31, 2023 results: revenue approximately $547.5 million, net income approximately $21.3 million, EPS $2.91 diluted earnings per share.
  - Period: the year ended March 31, 2023
  - Revenue: approximately $547.5 million
  - Net income: approximately $21.3 million
  - EPS: $2.91 diluted earnings per share
  - Result: reported results
  source text: For the year ended March 31, 2023 (“fiscal 2023”), the Company recorded net earnings of approximately $21.3 million ($2.91 diluted earnings per share) on sales of approximately $547.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/39092/000143774923018923/0001437749-23-018923-index.htm

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