---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-004193"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:45:39.316239+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries Q3 fiscal 2024: EPS $0.16, sales $116M, flat-roll segment profit surges to $8.7M

## Summary
- Net earnings $1.2M ($0.16 diluted EPS) on sales $116M vs $1.4M ($0.19) on $111.9M a year ago.
- Flat-roll segment operating profit $8.7M vs $3.3M; tubular segment operating loss $0.1M vs profit $0.7M.
- Sales volume up 11% YoY; average HRC selling price $960/ton vs $949/ton.
- Hedging loss of $4.1M ($3.0M realized, $1.1M unrealized) partially offset physical margin improvement.
- Management expects strong Q4 with solid margins as HRC price appreciation flows through inventory.

## SEC filing metadata
- accession: 0001437749-24-004193
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2024-02-14T23:59:59+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/39092/000143774924004193/0001437749-24-004193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774924004193/frd20240214_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-004193
- JSON: https://secwatch.observer/filing/0001437749-24-004193.json
- Plain text: https://secwatch.observer/filing/0001437749-24-004193.txt

## Key facts
- Earnings Releases
  FRIEDMAN INDUSTRIES INC reported the third fiscal quarter ended December 31, 2023 results: revenue approximately $116.0 million, net income approximately $1.2 million ($0.16 diluted earnings per share), EPS $0.16 diluted earnings per share.
  - Period: the third fiscal quarter ended December 31, 2023
  - Revenue: approximately $116.0 million
  - Net income: approximately $1.2 million ($0.16 diluted earnings per share)
  - EPS: $0.16 diluted earnings per share
  - Result: reported results
  source text: American: FRD) today announced its results of operations for the third fiscal quarter ended December 31, 2023. December 31, 2023 Quarter Highlights: ● Sales of approximately $116.0 million ● Earnings from operations of approximately $6.2 million ● Net earnings of approximately $1.2 million ● 11% increase in sales volume over prior year quarter volume ● Working
  evidence_url: https://www.sec.gov/Archives/edgar/data/39092/000143774924004193/0001437749-24-004193-index.htm

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