Highest-materiality recent filing
Friedman Industries expands Sinton facility, adds laser cutting; completion Q4 2026
Expansion of Sinton, Texas facility on Steel Dynamics campus; completion targeted for Q4 2026.
Friedman Industries Q3 net earnings $3.0M, sales up 79% YoY, turnaround from loss
Net earnings $3.0M ($0.43 diluted EPS) vs net loss $1.2M (-$0.17) in year-ago quarter.
Friedman Industries increases credit facility by $15M to $140M via Sixth Amendment
Aggregate commitments under A&R Credit Agreement raised from $125M to $140M.
Friedman Industries files Century Metals audited results: $98.8M rev, $4.1M net income in 2024
Century Metals FY2024 net sales $98.8M (down from $103.8M in 2023); net income $4.1M vs $4.2M.
Friedman Industries Q2: Net earnings $2.2M, sales $152.4M (+43% YoY); record volume
Net earnings of $2.2M ($0.32 diluted EPS) vs net loss of $0.7M ($0.10 loss) in prior-year quarter.
Friedman Industries shareholders approve LTIP, reject bylaw amendment at annual meeting
All seven director nominees elected; Sandy Scott received 585,490 withhold votes, highest among nominees.
Friedman Industries acquires Century Metals for $45.25M cash plus $3.5M note and earn-out
Acquired Century Metals & Supplies for $45.25M cash at closing, $3.5M promissory note, and up to $10M earn-out over four years.
Friedman Industries Q1 net earnings rise to $5.0M, sales up 18% YoY
Net earnings $5.0M ($0.71 diluted EPS) vs $2.6M ($0.37) in prior year.
Friedman Industries appoints Gaurav Chhibbar as COO effective July 10, 2025
Gaurav Chhibbar appointed COO effective July 10, 2025.
Friedman Industries appoints Baker Tilly as auditor after Moss Adams merger
Moss Adams merged with Baker Tilly effective June 3, 2025; Moss Adams resigned as auditor.
Friedman Industries Q4 earnings $5.3M; FY2025 net income falls to $6.1M from $17.3M YoY
Q4 2025 net earnings $5.3M ($0.76 diluted EPS) on sales $129.2M vs Q4 2024 net earnings $5.0M ($0.71) on sales $132.2M.
Friedman Industries extends credit facility maturity to August 19, 2026
Fourth Amendment to A&R Credit Agreement dated May 6, 2025 extends maturity to August 19, 2026.
Friedman Industries to transfer stock listing to Nasdaq Global Select Market effective April 8, 2025
Transfer from NYSE American to Nasdaq, same ticker 'FRD', effective April 8, 2025.
Friedman Industries appoints Michael Hanson as director, increasing board size
Board increased size and appointed Michael Hanson as director effective March 19, 2025.
Friedman Industries Q3 net loss of $1.2M vs. year-ago profit; sales down 19%
Net loss of $1.2M ($0.17 diluted loss per share) versus net income of $1.2M ($0.16 diluted EPS) a year ago.
Friedman Industries reports Q2 net loss of $0.7M; sales down 18% YoY
Net loss of $0.7M ($0.10 diluted loss per share) vs net earnings of $3.5M ($0.48 EPS) a year ago.
Friedman Industries adopts change of control severance plan with 3x CEO and 2x CFO multipliers
Plan approved Sept 18, 2024; applies if termination occurs within 3 months before or 18 months after a change in control.
Friedman Industries shareholders reelect all 7 directors, reject bylaw amendment
All seven director nominees elected; Michael J. Taylor led with 4,010,397 votes for.
Friedman Industries Q1 net earnings $2.6M ($0.37 EPS), down from $7.7M ($1.04 EPS) YoY
Net sales of $114.6M down from $137.3M YoY; net earnings of $2.6M vs $7.7M.
Friedman Industries Q4 net earnings $5M; FY2024 second most profitable year
Q4 net earnings $5.0M ($0.71 diluted EPS) on sales $132.2M; prior Q4 $6.3M ($0.86) on $124.2M.
appointed Michael Hanson as a director of the Company to fill such newly created vacancy on March 19, 2025, effective immediately
Max materiality 0.80 · Median 0.60 · Most common event earnings