---
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"
generated_at: "2026-05-31T11:23:48.826045+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries Q1 net earnings $2.6M ($0.37 EPS), down from $7.7M ($1.04 EPS) YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-025575
- JSON: https://secwatch.observer/filing/0001437749-24-025575.json
- Plain text: https://secwatch.observer/filing/0001437749-24-025575.txt

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