{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-025575","form_type":"8-K","ticker":"FRD","cik":"0000039092","company_name":"FRIEDMAN INDUSTRIES INC","filed_at":"2024-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.530344+00:00","generated_at":"2026-05-31T11:23:48.826045+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Friedman Industries Q1 net earnings $2.6M ($0.37 EPS), down from $7.7M ($1.04 EPS) YoY","bullets":["Net sales of $114.6M down from $137.3M YoY; net earnings of $2.6M vs $7.7M.","Flat-roll segment operating profit fell to $2.7M from $11.8M YoY; tubular segment swung to loss of $1.2M.","Hedging gains of $5.4M helped offset physical margin compression from declining HRC prices.","Sales volume declined to 119K tons inventory sold plus 24K tons toll processing (vs 129K+24K prior year).","Outlook: expects Q2 sales volume similar to Q1; challenging margins but rising HRC prices may improve later."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-025575","json":"https://secwatch.observer/filing/0001437749-24-025575.json","markdown":"https://secwatch.observer/filing/0001437749-24-025575.md","text":"https://secwatch.observer/filing/0001437749-24-025575.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39092/000143774924025575/0001437749-24-025575-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39092/000143774924025575/frd20240808_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T11:23:48.826045+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}