---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-032051"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T04:17:05.562729+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries Q2 net earnings $3.5M ($0.48 EPS); sales volume up 10%

## Summary
- Net earnings $3.5M ($0.48 diluted EPS) vs $2.5M ($0.34) YoY; sales $130.7M down from $149.7M on lower steel prices.
- Sales volume increased 10% to ~129,000 tons; flat-roll segment operating profit $3.1M vs loss $1.1M.
- HRC price declined ~25% in quarter, but hedging gains of $4.4M offset margin compression.
- Outlook: multiple domestic steel producers announced ~$300/ton HRC price increases; expects margin improvement in H2.
- Strategic growth: Decatur aims for 8,000 tons/month, Sinton 10,000; Granite City second line operational.

## SEC filing metadata
- accession: 0001437749-23-032051
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39092/000143774923032051/0001437749-23-032051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774923032051/frd20231114_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-032051
- JSON: https://secwatch.observer/filing/0001437749-23-032051.json
- Plain text: https://secwatch.observer/filing/0001437749-23-032051.txt

## Key facts
- Earnings Releases
  FRIEDMAN INDUSTRIES INC reported financial results for its second fiscal quarter ended September 30, 2023.
  - Period: its second fiscal quarter ended September 30, 2023
  - Result: reported results
  source text: On November 14, 2023, Friedman Industries, Incorporated (“Friedman” or the “Company”) issued a press release announcing its financial results for its second fiscal quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39092/000143774923032051/0001437749-23-032051-index.htm

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