Highest-materiality recent filing
Friedman Industries Q1 FY2027: EPS $1.79, sales $240M (+78% YoY), record volume 206K tons
Net earnings $12.8M ($1.79 diluted EPS) vs $5.0M ($0.71) in prior year; EBITDA $19.3M vs $8.2M.
Friedman Industries reports record FY2026 sales volume, net earnings $19.5M, EPS $2.76
Q4 net earnings $9.2M ($1.30 diluted EPS) on sales $191.8M; EBITDA $15.2M.
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.
Friedman Industries Q3 fiscal 2024: EPS $0.16, sales $116M, flat-roll segment profit surges to $8.7M
Net earnings $1.2M ($0.16 diluted EPS) on sales $116M vs $1.4M ($0.19) on $111.9M a year ago.
Repurchased 400,041 shares from Metal One at $12.76/share for aggregate ~$5.1M on Dec 13, 2023.
Friedman Industries Q2 net earnings $3.5M ($0.48 EPS); sales volume up 10%
Net earnings $3.5M ($0.48 diluted EPS) vs $2.5M ($0.34) YoY; sales $130.7M down from $149.7M on lower steel prices.
Friedman shareholders elect eight directors, approve say-on-pay, ratify auditor
All eight board nominees elected; four directors each received over 1.5M withheld votes (30-40% of cast).
Friedman Q1 FY24 net earnings $7.7M, sales $137.3M, volume up 23%
Diluted EPS $1.04 vs $1.55 YoY; net earnings $7.7M vs $11.2M.
Launched new website at www.friedmanindustries.com on August 7, 2023.
Friedman Industries reports record FY2023 net earnings of $21.3M; sales up 92% to $547.5M
Q4 FY2023 net earnings of $6.3M ($0.86 diluted EPS) vs loss of $7.5M in Q4 FY2022; sales $124.2M (+65% YoY).
Friedman Industries Q3 net earnings $1.38M vs loss $2.96M; sales $112M
Net earnings $1,375,893 ($0.19 diluted EPS) vs net loss $2,961,833 ($0.45 loss) in prior-year quarter.
Net earnings $2.47M ($0.34 diluted EPS) vs $13.18M ($1.91) in prior-year quarter.
Friedman Industries receives NYSE late filing notice; Sinton facility begins shipments
NYSE American issued a filing delinquency notice for missing the Sept 30, 2022 Form 10-Q; 6-month cure period given.
Friedman Industries Q1 FY2023 EPS $1.55 on $161.8M revenue; includes Plateplus acquisition
Net earnings $11.2M ($1.55 diluted EPS) vs $11.3M ($1.64) on revenue $161.8M (up 145% from $65.9M).
Friedman Industries shareholders re-elect all eight directors; advisory say-on-pay approved
All eight director nominees elected; Michael J. Taylor received highest votes for (4,225,845) and Joel Spira lowest (2,868,536).
Friedman Industries Acquires Certain Assets of Plateplus for $72.4M and Stock
Friedman Industries acquired real estate, buildings, equipment, inventory, and client relationships from Plateplus’ East Chicago, IN and Granite City, IL facilities and other locations.
Friedman Industries reports Q4 loss but record FY2022 profit; Plateplus acquisition boosts volumes
Q4 net loss $7.46M ($1.11 diluted loss) on $75.1M sales; year-ago net income $10.4M ($1.50 EPS).
Friedman Industries enters $50M ABL Facility amendment with BMO Harris Bank
Entered Third Amendment to A&R Credit Agreement to syndicate ABL facility with BMO Harris Bank.
Filer status changed to accelerated filer on Sept 30, 2021 after public float reached ~$76 million.
Friedman Industries appoints Sandra K. Scott and Sharon Taylor to Board
Board increased size and appointed Sandra K. Scott and Sharon Taylor as directors, effective June 14, 2022.
Acquired East Chicago, IN and Granite City, IL facilities plus inventory/customer relationships from Loudon, TN and Houston, TX for $63.8M cash and 516,041 shares of FRD common stock.
Friedman Industries increases ABL facility from $40M to $75M, shifts to SOFR-based rate
Asset-based revolver raised from $40M to $75M; accordion feature allows up to $10M additional increase.
Friedman Industries reports Q3 net loss of $2.96M; revenue up 81% YoY to $51.7M
Diluted EPS loss of $0.43 vs. $0.30 EPS gain in prior-year quarter; net loss driven by $13.0M hedging loss.
Friedman Industries Q2 FY2022 net earnings $13.2M ($1.91 EPS) vs year-ago loss, record quarter
Net earnings of $13.18M ($1.91 diluted EPS) on sales of $92.57M vs net loss of $0.25M ($0.04 loss) year ago.
Friedman Industries adopts advance notice bylaw for shareholder proposals and director nominations
Board adopted advance notice provisions effective Nov 8, 2021, requiring shareholder proposals and director nominations to be submitted within 90-120 days before annual meeting.
Friedman Industries shareholders elect six directors, approve say-on-pay, ratify auditor
All six director nominees elected; Michael J. Taylor received 4,100,049 votes for, 52,672 withheld.
Friedman Industries posts record Q1 net earnings of $11.3M ($1.64 EPS) vs year-ago loss
Net sales surged to $65.9M from $23.5M YoY, driven by ~200% rise in hot-rolled steel prices.
Friedman Industries reports best quarter ever: Q4 net earnings $10.4M ($1.50 EPS) vs year-ago loss
Q4 net earnings of $10.4M ($1.50 diluted EPS) on sales $49.2M; prior-year quarter net loss $3.0M ($0.43 loss per share) on sales $33.0M.
appointed Michael Hanson as a director of the Company to fill such newly created vacancy on March 19, 2025, effective immediately
The Board of Directors (the “ Board ”) of Friedman Industries, Incorporated (the “ Company ”) increased the number of directors comprising the Board and appointed Sandra K. Scott and Sharon Taylor as directors of the Company to fill such newly created vacancies on June 14, 2022, effective immediately, in each case pursuant to and consistent with the authority provided in the Company’s Bylaws.
The Board of Directors (the “ Board ”) of Friedman Industries, Incorporated (the “ Company ”) increased the number of directors comprising the Board and appointed Sandra K. Scott and Sharon Taylor as directors of the Company to fill such newly created vacancies on June 14, 2022, effective immediately, in each case pursuant to and consistent with the authority provided in the Company’s Bylaws.
Max materiality 0.95 · Median 0.65 · Most common event earnings