---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-023715"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T13:15:12.484424+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Friedman Q1 FY24 net earnings $7.7M, sales $137.3M, volume up 23%

## Summary
- Diluted EPS $1.04 vs $1.55 YoY; net earnings $7.7M vs $11.2M.
- Flat-roll segment sales $125.2M, avg price $1,038/ton (down 32% YoY), volume 120K tons (up 28%).
- Tubular segment sales $12.1M, avg price $1,358/ton, volume 9K tons.
- Outlook: Q2 volumes similar to Q1; lower physical margins expected due to HRC price declines, partially offset by hedging gains.
- Working capital $113.1M at quarter-end; Sinton facility (opened Oct 2022) driving volume growth.

## SEC filing metadata
- accession: 0001437749-23-023715
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/39092/000143774923023715/0001437749-23-023715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774923023715/frd20230814_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023715
- JSON: https://secwatch.observer/filing/0001437749-23-023715.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023715.txt

## Key facts
- Earnings Releases
  FRIEDMAN INDUSTRIES INC reported financial results for first fiscal quarter ended June 30, 2023.
  - Period: first fiscal quarter ended June 30, 2023
  - Result: reported results
  source text: On August 14, 2023, Friedman Industries, Incorporated (“Friedman” or the “Company”) issued a press release announcing its financial results for its first fiscal quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39092/000143774923023715/0001437749-23-023715-index.htm

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