FRIEDMAN INDUSTRIES INC

Listed Company

FRDCIK 0000039092NasdaqAcceleratedSmaller ReportingSteel Works, Blast Furnaces & Rolling & Finishing MillsTexasFY ends Mar 31

Period

FY 2026

Revenue

—

Net Income

$19.53M

Total Assets

$336.81M

Equity

$151.49M

Shares Out

7.11M

Op. Cash Flow

$8.54M

FRD$34.22+121.13% · past yearDBEQ Basic

Daily closing prices

Business

Friedman Industries manufactures and processes flat-roll and tubular steel products at United States facilities. The company operates temper mills, cut-to-length lines, stretcher levelers, and electric resistance welded pipe mills that process customer-owned and company-owned inventory. Flat-roll products comprise the majority of revenue; tubular products represent a smaller portion. Products are sold to metals distributors and fabricators primarily in the Midwest, Southwest, and Southeast regions.

Summary from 10-K filed 2026-06-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net Sales	647	445	516	548	285
Cost of materials sold (excludes items shown separately below)	519	366	—	—	—
Processing and warehousing expense	42	33	—	—	—
Delivery expense	28	23	—	—	—
Selling, general and administrative	29	16	21	22	12
Depreciation and amortization	4	3	3	3	—
Costs and Expenses	621	442	492	526	257
Gain on disposal of property, plant and equipment	0	258,000	0	—	—
EARNINGS FROM OPERATIONS	26	3	25	21	29
Fair value adjustment of contingent consideration	1	0	—	—	—
Gain on economic hedges of risk	3	8	2	9	−12
Interest expense	−4	−3	−3	−2	−255,000
Other income (expense)	−7,000	5,000	20,000	27,000	2
EARNINGS BEFORE INCOME TAXES	26	8	23	28	18
Current	6	1	5	4	5
Deferred taxes	1	221,000	794,000	3	−561,000
Provision for income taxes, amount	7	2	6	7	4
NET EARNINGS	20	6	17	21	14
Basic (in dollars per share)	2.76	0.87	2.39	2.91	2.04
Diluted (in dollars per share)	2.76	0.87	2.39	2.91	2.04
Cash dividends declared per common share (in dollars per share)	0.16	0.16	0.1	0.08	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash	2	4	3	3	3
Accounts receivable, net of allowances for credit losses of $426 and $147 at March 31, 2026 and 2025, respectively	80	47	47	49	36
Inventories	172	114	116	86	68
Current portion of derivative assets	153,000	636,000	74,000	536,000	4
Income tax receivable	521,000	0	—	—	—
Other current assets	2	980,000	4	5	15
TOTAL CURRENT ASSETS	257	166	170	144	125
Land	12	2	2	2	1
Buildings and yard improvements	33	30	31	29	9
Machinery and equipment	66	58	54	51	30
Construction in process	900,000	135,000	2	1	16
Less accumulated depreciation	−37	−34	−31	−28	−26
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization	74	56	57	54	30
Operating Lease, Right-of-Use Asset	5	3	3	1	113,000
Other assets	1	1	356,000	—	—
TOTAL ASSETS	337	227	230	199	159
Accounts payable and accrued expenses	67	35	44	37	45
Income taxes payable	0	647,000	2	774,000	0
Dividends payable	284,000	279,000	279,000	148,000	137,000
Employee compensation and related expenses	8	2	6	5	1
Current portion of derivative liability	426,000	287,000	2	2	14
TOTAL CURRENT LIABILITIES	76	38	54	45	61
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	96,000	115,000	105,000	96,000	119,000
DEFERRED INCOME TAX LIABILITY	7	5	5	4	0
NON-CURRENT LEASE LIABILITIES	4	3	3	1	—
SELLER NOTE PAYABLE, NET	3	0	—	—	—
NON-CURRENT CONTINGENT CONSIDERATION LIABILITY	2	0	—	—	—
ASSET BASED LENDING FACILITY	93	48	40	33	18
TOTAL LIABILITIES	185	94	103	84	80
COMMITMENTS AND CONTINGENCIES (SEE NOTE 2)	—	—	—	—	—
Issued shares 9,019,505 shares and 8,877,229 shares at March 31, 2026 and 2025, respectively	9	9	9	9	8
Additional paid-in capital	36	35	35	35	30
Treasury stock at cost (1,907,323 shares and 1,906,693 shares at March 31, 2026 and 2025, respectively)	−13	−13	−13	−8	−8
Retained earnings	120	101	96	80	59
TOTAL STOCKHOLDERS EQUITY	151	132	127	115	80
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	337	227	230	199	159

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Depreciation and amortization	4	3	3	3	—
Compensation expense for restricted stock	683,000	151,000	246,000	303,000	449,000
Change in post-retirement benefits	−19,000	10,000	9,000	8,000	11,000
Change in cash surrender value of officers life insurance	15,000	−7,000	—	—	—
Loss (gain) recognized on open derivatives not designated for hedge accounting	622,000	−2	−64,000	459,000	1
Amortization of right-of-use asset	80,000	30,000	41,000	0	—
Gain on fair value adjustment to contingent consideration	−1	0	—	—	—
Accounts receivable	−19	−147,000	2	−14	−15
Inventories	−24	2	−30	59	−32
Other current assets	−826,000	442,000	0	1	−1
Accounts payable and accrued expenses	22	−9	7	−19	22
Income taxes payable	−647,000	−2	1	774,000	−1
Employee compensation and related expenses	6	−4	1	4	−2
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	9	−4	5	64	−13
Cash paid for Century business combination	−46	0	—	—	—
Purchase of property, plant and equipment	−7	−4	−6	−16	−8
Proceeds from sale of assets	0	2	0	0	161,000
Deposit on steel processing equipment	0	−1	0	—	—
NET CASH USED IN INVESTING ACTIVITIES	−53	−3	−6	−88	−8
Debt issuance cost	−395,000	0	0	−393,000	0
Cash dividends paid	−1	−1	−581,000	−589,000	−551,000
Cash paid for principal portion of finance lease	0	−54,000	−107,000	−105,000	−103,000
Cash paid for share repurchases	−10,000	−171,000	−5	−37,000	−538,000
Borrowings on asset based lending facility	780	649	831	741	18
Repayments on asset based lending facility	−735	−642	−824	−726	—
NET CASH PROVIDED BY FINANCING ACTIVITIES	43	6	1	14	17
DECREASE IN CASH AND RESTRICTED CASH	−918,000	−2	511,000	−11	−4

Filings

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Frequently asked questions

What is FRIEDMAN INDUSTRIES INC's CIK number?

FRIEDMAN INDUSTRIES INC's SEC CIK number is 0000039092 (39092). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find FRIEDMAN INDUSTRIES INC's SEC filings?

All of FRIEDMAN INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did FRIEDMAN INDUSTRIES INC last report earnings?

FRIEDMAN INDUSTRIES INC (FRD) most recently filed an earnings 8-K with the SEC on Jun 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-020332). This is FRIEDMAN INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is FRIEDMAN INDUSTRIES INC's most recent earnings 8-K?

FRIEDMAN INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed Jun 11, 2026 under accession 0001437749-26-020332. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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