FRIEDMAN INDUSTRIES INC reported the quarter ended March 31, 2026 results: revenue $191.8 million, net income $9.2 million, EPS $1.30 diluted earnings per share.
“For the quarter ended March 31, 2026 (the “2026 quarter”), the Company recorded net earnings of approximately $9.2 million ($1.30 diluted earnings per share) on sales of approximately $191.8 million”
Earnings Releases
FRIEDMAN INDUSTRIES INC reported fiscal year ended March 31, 2026 results: revenue $646.9 million, net income $19.5 million, EPS $2.76 diluted earnings per share.
“For the year ended March 31, 2026 (“fiscal 2026”), the Company recorded net earnings of approximately $19.5 million ($2.76 diluted earnings per share) on sales of approximately $646.9 million.”
Material Agreements
FRIEDMAN INDUSTRIES INC amended Amendment with JPMorgan Chase Bank, N.A. (effective 2025-12-09).
“On December 9, 2025, the Company entered into a Sixth Amendment (the “ Amendment ”) to that certain Amended and Restated Credit Agreement by and among the Company, as a borrower, Century Metals & Supplies, LLC, a Texas limited liability company, as a borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.”
Debt Financings
FRIEDMAN INDUSTRIES INC amended credit facility of $140 million with JPMorgan Chase Bank, N.A..
“increase the aggregate commitments under the A&R Credit Agreement from $125 million to $140 million”
Debt Financings
FRIEDMAN INDUSTRIES INC amended credit facility of reduce the aggregate commitments under the A&R Credit Agreement from $150 million to $125 million with JPMorgan Chase Bank, N.A., as administrative agent at prime rate plus a margin of -1.45% or adjusted Term SOFR plus a margin of 1.55% maturing August 29, 2030.
“Harris Bank N.A. is replaced as a lender under the A&R Credit Agreement with Wells Fargo Bank, N.A., (iii) reduce the aggregate commitments under the A&R Credit Agreement from $150 million to $125 million, (iv) provide for revolving borrowings either at prime rate plus a margin of -1.45% or adjusted Term SOFR plus a margin of 1.55%, (v) extend the maturity date to”
Debt Financings
FRIEDMAN INDUSTRIES INC incurred senior notes of $3.5 million with Sellers of Century Metals & Supplies, Inc. maturing five-year maturity date.
“a note issued by the Company with a principal amount of $3.5 million with a five-year maturity date”
M&A Transactions
FRIEDMAN INDUSTRIES INC completed an acquisition involving Century Metals & Supplies, Inc. for approximately $45.25 million in cash (closed 2025-08-29).
“Under the terms of the agreement, the Company acquired the assets for approximately $45.25 million in cash at closing, along with a note issued by the Company with a principal amount of $3.5 million with a five-year maturity date.”
Auditor Changes
FRIEDMAN INDUSTRIES INC engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm”
Auditor Changes
Moss Adams LLP resigned as auditor of FRIEDMAN INDUSTRIES INC.
“(the "Company") was notified that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025.”
Michael Hanson was appointed as Director at FRIEDMAN INDUSTRIES INC.
“appointed Michael Hanson as a director of the Company to fill such newly created vacancy on March 19, 2025, effective immediately”
Earnings Releases
FRIEDMAN INDUSTRIES INC reported the third fiscal quarter ended December 31, 2023 results: revenue approximately $116.0 million, net income approximately $1.2 million ($0.16 diluted earnings per share), EPS $0.16 diluted earnings per share.
“American: FRD) today announced its results of operations for the third fiscal quarter ended December 31, 2023. December 31, 2023 Quarter Highlights: ● Sales of approximately $116.0 million ● Earnings from operations of approximately $6.2 million ● Net earnings of approximately $1.2 million ● 11% increase in sales volume over prior year quarter volume ● Working”
Earnings Releases
FRIEDMAN INDUSTRIES INC reported financial results for its second fiscal quarter ended September 30, 2023.
“On November 14, 2023, Friedman Industries, Incorporated (“Friedman” or the “Company”) issued a press release announcing its financial results for its second fiscal quarter ended September 30, 2023.”
Shareholder Votes
FRIEDMAN INDUSTRIES INC shareholders approved Ratify the selection of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024. at the 2023-09-13 meeting.
“The shareholders also voted to ratify the selection of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024. The number of the shares that were voted for, voted against or abstained from voting on the ratification of the selection of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024 are as follows: Shares For 5,794,695 Against 15,666 Abstain 10,443”
Shareholder Votes
FRIEDMAN INDUSTRIES INC shareholders approved Election of eight directors of the Company to hold office until the next Annual Meeting of Shareholders or until their respective successors are duly elected and qualified. at the 2023-09-13 meeting.
“On September 13, 2023, Friedman Industries, Incorporated (the “Company”) held its Annual Meeting of Shareholders. At the meeting, the shareholders voted on the election of eight directors of the Company to hold office until the next Annual Meeting of Shareholders or until their respective successors are duly elected and qualified. The eight nominees of the Board of Directors of the Company were elected at the meeting. The number of shares voted for and withheld with respect to each of the nominees were as follows: Nominee Shares Voted For Shares Withheld Michael J. Taylor 4,135,051 54,712 Durga D. Agrawal 2,486,224 1,703,539 Max Reichenthal 2,797,662 1,392,101 Sandy Scott 2,874,347 1,315,416 Joel Spira 2,459,281 1,730,482 Tim Stevenson 2,820,566 1,369,197 Sharon Taylor 2,851,334 1,338,429 Joe L. Williams 2,500,414 1,689,349”
Earnings Releases
FRIEDMAN INDUSTRIES INC reported financial results for first fiscal quarter ended June 30, 2023.
“On August 14, 2023, Friedman Industries, Incorporated (“Friedman” or the “Company”) issued a press release announcing its financial results for its first fiscal quarter ended June 30, 2023.”
Earnings Releases
FRIEDMAN INDUSTRIES INC reported the year ended March 31, 2023 results: revenue approximately $547.5 million, net income approximately $21.3 million, EPS $2.91 diluted earnings per share.
“For the year ended March 31, 2023 (“fiscal 2023”), the Company recorded net earnings of approximately $21.3 million ($2.91 diluted earnings per share) on sales of approximately $547.5 million”
Earnings Releases
FRIEDMAN INDUSTRIES INC reported the quarter ended March 31, 2023 results: revenue approximately $124.2 million, net income approximately $6.3 million, EPS $0.86 diluted earnings per share.
“For the quarter ended March 31, 2023 (the “2023 quarter”), the Company recorded net earnings of approximately $6.3 million ($0.86 diluted earnings per share) on sales of approximately $124.2 million”
Earnings Releases
FRIEDMAN INDUSTRIES INC reported third fiscal quarter ended December 31, 2022 results: revenue $111,860,093, net income $1,375,893, EPS $0.19 diluted earnings per share.
“Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the fiscal third quarter. For the quarter ended December 31, 2022 (the “2022 quarter”), the Company recorded net earnings of $1,375,893 ($0.19 diluted earnings per share) on sales of $111,860,093 compared to a net loss of $2,961,833 ($0.45 diluted loss per share) on net sales of $51,655,943 for the quarter ended December 31, 2021 (the “2021 quarter”).”
Earnings Releases
FRIEDMAN INDUSTRIES INC reported quarter ended September 30, 2022 results: revenue 149,692,409, net income 2,470,908, EPS 0.34.
“For the quarter ended September 30, 2022 (the “2022 quarter”), the Company recorded net earnings of $2,470,908 ($0.34 diluted earnings per share) on sales of $149,692,409 compared to net earnings of $13,177,614 ($1.91 diluted earnings per share) on sales of $92,570,895 for the quarter ended September 30, 2021 (the “2021 quarter”).”
Sharon Taylor was appointed as Director at FRIEDMAN INDUSTRIES INC.
“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.”
Sandra K. Scott was appointed as Director at FRIEDMAN INDUSTRIES INC.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.