Friedman Inds SEC Filings

Friedman Industries (FRD) furnished a press release announcing financial results for its second fiscal quarter ended September 30, 2025. The release is attached as Exhibit 99.1 and incorporated by reference. Under General Instruction B.2, this information is furnished, not filed under the Exchange Act.

Friedman Industries (FRD) reported stronger results for the quarter ended September 30, 2025. Net sales were $152.4 million versus $106.8 million a year ago, and net earnings were $2.2 million versus a loss of $0.7 million. Diluted EPS was $0.32. For the first six months, sales reached $287.2 million with net earnings of $7.3 million (EPS $1.03), reflecting higher volumes and steadier margins.

The company closed the acquisition of Century Metals & Supplies for approximately $52.7 million, funded by $45.6 million in cash at close, a $3.5 million five-year seller’s note, and contingent consideration initially valued at $3.6 million. FRD renewed its $125 million asset-based lending facility, maturing August 29, 2030; the balance was about $83.5 million at a 5.8% rate as of September 30, 2025. Operating cash flow was $15.9 million, with investing cash outflows of $49.8 million tied to the acquisition. Working capital was approximately $159.9 million and the current ratio was 3.2.

Friedman Industries (FRD) filed Amendment No. 1 to its Form 8-K to add required financial statements and pro forma information related to its August 29, 2025 acquisition of certain assets of Century Metals & Supplies in Florida. The filing includes audited Century financials for the years ended December 31, 2024 and 2023, unaudited interim financials for the six months ended June 30, 2025 and 2024, and unaudited pro forma condensed combined financials, including a balance sheet as of June 30, 2025 and statements of operations for specified periods.

Friedman Industries (FRD) reported an insider equity award. A Form 4 shows the Chief Operating Officer acquired 50,000 shares of common stock on 11/01/2025 at $0, reflecting a grant of restricted stock. Following the transaction, beneficial ownership was 50,000 shares, held directly.

The filing states these restricted shares will vest in two equal installments on November 1, 2026 and November 1, 2027.

Michael Donn Hanson, a director of Friedman Industries, Inc. (FRD), reported an acquisition of 457 shares of the issuer's common stock on 10/01/2025. The Form 4 shows the transaction coded A (acquisition) at a price of $21.9 per share, with the shares recorded as directly owned following the transaction. The filing states these are restricted shares that will vest 100% on 10/01/2026, conditioned on continued service as a member of the Board. The form is signed by Mr. Hanson on 10/03/2025.

Joe L. Williams, a director of Friedman Industries, acquired 457 shares of restricted common stock on 10/01/2025 at a reported price of $21.9 per share. After the transaction, Mr. Williams beneficially owns 32,702 shares in total. The restricted shares are scheduled to vest 100% on 10/01/2026, subject to Mr. Williams' continued service on the company's board. The filing is signed on 10/03/2025 and was reported on a single-person Form 4.

Max Alan Reichenthal, a director of Friedman Industries, Inc. (FRD), reported on Form 4 that on 10/01/2025 he was granted 457 shares of restricted common stock under Code A. Following the reported transaction he directly beneficially owns 33,889 shares. The restricted shares are scheduled to vest 100% on October 1, 2026, subject to his continued service on the Board. The Form 4 was signed on 10/03/2025 and lists his address in Houston, TX.

Director Sandra K. Scott reported a non-derivative acquisition of 457 shares of Friedman Industries Inc. (FRD) on 10/01/2025 at a reported price of $21.9 per share. Following the grant, Ms. Scott beneficially owns 9,569 shares in total. The shares are restricted common stock that will vest 100% on October 1, 2026, conditioned on continued service on the issuer’s board. The Form 4 was signed and filed by Ms. Scott on 10/03/2025. This filing records a routine equity award to a director tied to service and does not disclose any cash sale or derivative transactions.