secwatch.observer — SEC 8-K summary
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Issuer:     FRIEDMAN INDUSTRIES INC (FRD)
CIK:        0000039092
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001437749-24-034585
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Friedman Industries reports Q2 net loss of $0.7M; sales down 18% YoY
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- Net loss of $0.7M ($0.10 diluted loss per share) vs net earnings of $3.5M ($0.48 EPS) a year ago.
- Sales fell to $106.8M from $130.7M; total tons sold (inventory + toll) dropped 8% to 139,500 tons.
- Flat-roll segment operating profit slipped to $2.7M from $3.1M; tubular segment had an operating loss of $0.6M.
- Working capital $111.7M; debt reduced 22% during the quarter.
- Outlook: expects slightly lower Q3 volume due to holidays and persistent margin pressure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39092/000143774924034585/0001437749-24-034585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39092/000143774924034585/frd20241112_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-034585

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