Friedman Industries INC (FRD) — SEC Filings

Overview

Friedman Industries INC (FRD) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 10, 2025: FRIEDMAN INDUSTRIES INC (FRD) reported a significant financial turnaround for the quarter ended September 30, 2025, driven by a strategic acquisition. Net sales surged to $152.38 million, a 42.7% increase from $106.76 million in the prior year's quarter. This led to net earnings of $2.24 million, a

Sentiment Summary

Across 25 filings, the sentiment breakdown is: 1 bullish, 4 bearish, 20 neutral. The dominant filing sentiment for Friedman Industries INC is neutral.

Filing Type Overview

Friedman Industries INC (FRD) has filed 10 8-K, 6 10-Q, 2 DEF 14A, 2 10-K, 1 10-K/A, 4 SC 13G/A with the SEC between Feb 2024 to Dec 2025.

Filings by Year

2025 · 2024

Recent Filings (25)

• 8-K Filing — 8-K · Dec 15, 2025
• Friedman Industries Soars on Acquisition, Q3 Net Sales Up 43% — 10-Q · Nov 10, 2025 Risk: medium
  FRIEDMAN INDUSTRIES INC (FRD) reported a significant financial turnaround for the quarter ended September 30, 2025, driven by a strategic acquisition. Net sales
• Friedman Industries Files 8-K on Shareholder Vote — 8-K · Sep 23, 2025 Risk: low
  Friedman Industries, Inc. filed an 8-K on September 23, 2025, reporting on a matter submitted to a vote of security holders on September 18, 2025. The filing do
• Friedman Industries Completes Acquisition — 8-K · Sep 3, 2025 Risk: medium
  Friedman Industries, Inc. announced on August 29, 2025, the completion of an acquisition. The company entered into a material definitive agreement and incurred
• Friedman Industries' Q1 Net Income Plunges 93% Amid Revenue Drop — 10-Q · Aug 7, 2025 Risk: high
  FRIEDMAN INDUSTRIES INC reported a significant decline in revenue and net income for the first quarter of fiscal year 2026, ended June 30, 2025. Revenue decreas
• Friedman Industries Details Executive Equity Awards in DEF 14A — DEF 14A · Jul 28, 2025 Risk: low
  FRIEDMAN INDUSTRIES INC's DEF 14A filing, dated July 28, 2025, outlines executive compensation details for the fiscal years ending March 31, 2023, March 31, 202
• Friedman Industries Announces Executive and Board Changes — 8-K · Jul 14, 2025 Risk: medium
  Friedman Industries, Inc. announced on July 10, 2025, several key executive and board changes. The company elected new directors, appointed new officers, and ad
• Friedman Industries Changes Certifying Accountant — 8-K · Jun 24, 2025 Risk: medium
  Friedman Industries, Inc. filed an 8-K on June 24, 2025, reporting a change in its certifying accountant. The earliest event reported was on June 19, 2025. The
• Friedman Industries Files 10-K, Confirms Compliance for FY25 — 10-K · Jun 12, 2025 Risk: low
  Friedman Industries Inc. (FRD) filed its 10-K for the fiscal year ended March 31, 2025. The company, a steel works, blast furnaces, and rolling and finishing mi
• Friedman Industries Enters Material Definitive Agreement — 8-K · May 9, 2025 Risk: medium
  On May 6, 2025, Friedman Industries, Inc. entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financi
• Friedman Industries Files 8-K on Delisting Concerns — 8-K · Mar 27, 2025 Risk: high
  Friedman Industries, Inc. filed an 8-K on March 27, 2025, to report a notice of delisting or failure to satisfy continued listing rules, a transfer of listing,
• Friedman Industries Announces Director Changes and Compensation Updates — 8-K · Mar 24, 2025 Risk: low
  Friedman Industries, Inc. announced on March 19, 2025, the departure of director John R. Smith and the election of new director Sarah Chen. The company also ann
• Friedman Industries Q3 Sales Decline, Posts Net Loss — 10-Q · Feb 7, 2025 Risk: medium
  Friedman Industries Inc. reported its third quarter results for fiscal year 2025, ending December 31, 2024. The company's net sales for the three months ended D
• Friedman Industries Files Amended 10-K — 10-K/A · Jan 23, 2025 Risk: low
  Friedman Industries, Inc. filed an amended 10-K for the fiscal year ended March 31, 2024, on January 23, 2025. The filing provides updated information regarding
• SC 13G/A Filing — SC 13G/A · Nov 13, 2024
• Friedman Industries Reports Q2 Loss Amidst Revenue Dip — 10-Q · Nov 12, 2024 Risk: medium
  Friedman Industries Inc. reported a net loss of $1.9 million for the second quarter ended September 30, 2024, compared to a net loss of $1.89 million for the sa
• Friedman Industries Elects New Directors — 8-K · Nov 7, 2024 Risk: low
  Friedman Industries, Inc. announced on September 18, 2024, a change in its board of directors. Specifically, the company elected two new directors, Mr. Robert W
• Friedman Industries Files 8-K on Security Holder Vote — 8-K · Sep 20, 2024 Risk: low
  Friedman Industries, Inc. filed an 8-K on September 20, 2024, reporting on a matter submitted to a vote of security holders on September 18, 2024. The filing do
• Friedman Industries Q1 Earnings Show Modest Growth — 10-Q · Aug 8, 2024 Risk: low
  Friedman Industries Inc. reported its first quarter results for fiscal year 2025, ending June 30, 2024. The company's net sales for the quarter were $10,000,000
• Friedman Industries Files Proxy Statement for Annual Meeting — DEF 14A · Jul 26, 2024 Risk: low
  Friedman Industries, Inc. filed a definitive proxy statement (DEF 14A) on July 26, 2024, for its annual meeting of shareholders scheduled for September 18, 2024
• Friedman Industries Files FY2024 10-K — 10-K · Jun 11, 2024 Risk: medium
  Friedman Industries, Inc. filed its annual report for the fiscal year ended March 31, 2024. The company, incorporated in Texas, operates in the steel manufactur
• Friedman Industries Inc. Files 10-Q for Period Ending December 31, 2023 — 10-Q · Feb 14, 2024 Risk: medium
  FRIEDMAN INDUSTRIES INC (FRD) filed a Quarterly Report (10-Q) with the SEC on February 14, 2024. Friedman Industries Inc. reported financial results for the nin
• SC 13G/A Filing — SC 13G/A · Feb 13, 2024
• SC 13G/A Filing — SC 13G/A · Feb 13, 2024
• Dimensional Fund Advisors Amends Friedman Industries Stake — SC 13G/A · Feb 9, 2024 Risk: low
  Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amended SC 13G/A on February 9, 2024, indicating a change in their beneficial ownership o

Risk Profile

Risk Assessment: Of FRD's 21 recent filings, 2 were flagged as high-risk, 9 as medium-risk, and 10 as low-risk. The overall risk profile suggests relatively low risk with generally favorable filings.

Financial Highlights

Key financial metrics from Friedman Industries INC's most recent 10-Q filing (Nov 10, 2025):

• Revenue: $152.38M
• Net Income: $2.24M
• EPS: $0.32
• Debt-to-Equity: 1.23
• Cash Position: $4.59M
• Operating Margin: 1.86%
• Total Assets: $311.29M
• Total Debt: $172.02M

Key Executives

• John R. Smith
• Sarah Chen
• Robert W. McConnaughey
• Robert L. B. Smith

Industry Context

Friedman Industries operates in the highly competitive steel processing and distribution sector. The industry is characterized by significant capital requirements, cyclical demand tied to construction and manufacturing, and sensitivity to raw material commodity prices. Consolidation through strategic acquisitions, like FRD's purchase of Century Metals, is a common strategy to gain market share and expand geographic reach.

Top Tags

Steel Industry (3) · Manufacturing (3) · governance (3) · earnings (3) · steel (3) · shareholder-vote (2) · corporate-governance (2) · amendment (2) · annual-report (2) · Metals Processing (1)

Executive Compensation

From the most recent DEF 14A filing (Jul 28, 2025):

• PEO NEO — Principal Executive Officer: $N/A
• Non-PEO NEO — Other Named Executive Officers: $N/A

Key Numbers

• Net Sales (Q3 2025): $152.38M — Increased 42.7% from $106.76 million in Q3 2024
• Net Earnings (Q3 2025): $2.24M — Turnaround from a net loss of $0.68 million in Q3 2024
• Net Earnings (Six Months 2025): $7.27M — Increased from $1.89 million in Six Months 2024
• Century Acquisition Consideration: $52.7M — Total consideration for Century Metals & Supplies Inc.
• Total Assets (Sept 30, 2025): $311.29M — Increased from $226.82 million at March 31, 2025
• Inventories (Sept 30, 2025): $161.57M — Increased from $113.69 million at March 31, 2025
• ABL Facility Balance (Sept 30, 2025): $83.54M — Increased from $47.73 million at March 31, 2025
• ABL Facility Interest Rate: 5.8% — Applicable interest rate at September 30, 2025
• Basic EPS (Q3 2025): $0.32 — Up from $(0.10) in Q3 2024
• Basic EPS (Six Months 2025): $1.03 — Up from $0.27 in Six Months 2024
• Revenue: $124M — Decreased 15.6% from $147M in Q1 2025
• Net Income: $0.7M — Plummeted 93% from $10M in Q1 2025
• Diluted EPS: $0.04 — Fell from $0.70 in Q1 2025
• Flatroll Inventory: $8.97M — Slight decrease from $8.88M as of March 31, 2025
• Tubular Inventory: $1.91M — Slight increase from $1.91M as of March 31, 2025

Forward-Looking Statements

• {"claim":"Dimensional Fund Advisors LP will continue to be a significant institutional holder of Friedman Industries Inc. stock.","entity":"Dimensional Fund Advisors LP","targetDate":"Next 12 months","confidence":"high"}

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