secwatch.observer — SEC 8-K summary
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Issuer:     FRIEDMAN INDUSTRIES INC (FRD)
CIK:        0000039092
Form:       8-K/A
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001437749-25-034049
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Friedman Industries files Century Metals audited results: $98.8M rev, $4.1M net income in 2024
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- Century Metals FY2024 net sales $98.8M (down from $103.8M in 2023); net income $4.1M vs $4.2M.
- Total assets $68.6M, liabilities $42.1M at Dec 31, 2024; acquisition closed Aug 29, 2025.
- Pro forma condensed combined financials filed for acquisition of Florida service centers in Miami, Tampa, Orlando.
- Customer concentration: one customer accounted for 11% of 2024 sales ($10.9M).
- Two vendors provided 28% of cost of sales in 2024; line of credit $16.5M at SOFR+2.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39092/000143774925034049/0001437749-25-034049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39092/000143774925034049/frd20251107_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-034049

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