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Friedman Industries, Incorporated filings document material events for a Texas-based metals processor and pipe manufacturer. Recent Form 8-K disclosures cover quarterly results furnished under Item 2.02, Regulation FD updates on facility expansion plans, credit facility amendments, and direct financial obligation disclosures tied to the company’s borrowing arrangements.
The filing record also documents the completed Century Metals and Supplies asset acquisition, including the original material agreement report and an amended Form 8-K with acquired-business financial statements and pro forma financial information. Governance filings report annual meeting voting results, director elections, advisory executive compensation votes and related shareholder matters.
De Lisle Partners LLP reported beneficial ownership of 419,816 shares of Friedman Industries, Inc. common stock, representing 5.9% of the class as of the event date. The firm holds sole voting and sole dispositive power over all these shares, with no shared authority.
The filing is an amended Schedule 13G, submitted by Institutional Investment Manager Isabelle Cordwell-Riant, who serves as Head of Finance and Compliance and certifies that the applicable foreign regulatory framework is substantially comparable to the U.S. regime for similar institutions.
Friedman Industries reported a strong turnaround for the quarter ended December 31, 2025, moving to net earnings of about $3.0 million or $0.43 diluted EPS on sales of roughly $168.0 million, compared with a net loss of about $1.2 million or $(0.17) per share on sales of about $94.1 million a year earlier.
For the first nine months of the fiscal year, sales were about $455.1 million with net earnings of roughly $10.3 million, up from sales of about $315.4 million and net earnings of about $0.7 million in the prior-year period. The flat-roll segment drove results, with quarterly sales of approximately $153.0 million and higher volumes and pricing, while the tubular segment also improved to sales of around $14.9 million and segment operating earnings of about $1.4 million.
Average selling prices increased in both segments, and hedging activities added roughly $1.4 million of gains in the quarter. Total assets rose to about $311.9 million as of December 31, 2025, with stockholders’ equity of roughly $142.2 million, reflecting growth alongside higher liabilities.
Friedman Industries reported much stronger results for the quarter and nine months ended December 31, 2025, driven by higher volumes and improved steel pricing. Net sales for the nine-month period rose to $455.1 million from $315.4 million, while net earnings increased to $10.3 million from $0.7 million, lifting basic EPS to $1.46.
Third-quarter net sales reached $168.0 million with net earnings of $3.0 million, reversing a loss in the prior-year quarter. The flat-roll segment remained the main growth engine, and the tubular segment swung from an operating loss to a profit.
On August 29, 2025, the company acquired assets of Century Metals & Supplies for approximately $52.7 million, expanding its flat-roll footprint and product mix. To support growth, it increased its asset-based lending facility to $140 million, with $88.6 million outstanding at December 31, 2025. Operating cash flow was $11.2 million, and working capital rose to about $167.0 million, supporting ongoing operations and integration of the new business.
Friedman Industries’ major shareholder group has reduced its stake below 5% of the company’s common stock. Amendment No. 4 to Schedule 13G shows that funds associated with Tontine Asset Associates and investor Jeffrey L. Gendell now report beneficial ownership of 354,576 shares, or 4.9% of Friedman Industries’ 7,112,182 shares outstanding as of November 10, 2025. Tontine Capital Overseas Master Fund II, L.P. and its general partner Tontine Asset Associates, LLC each report shared voting and dispositive power over 267,952 shares, or 3.8% of the company. The filing is characterized as an exit filing because the reporting persons no longer own more than five percent of the outstanding common stock, and it also certifies that the securities are not held for the purpose of influencing control of the issuer.
Friedman Industries, Incorporated entered into a Sixth Amendment to its Amended and Restated Credit Agreement on December 9, 2025. The amendment increases the aggregate lending commitments under its credit facility from $125 million to $140 million, providing the company with additional borrowing capacity.
The facility is with lenders party to the agreement and JPMorgan Chase Bank, N.A. as administrative agent. The amendment also makes conforming changes to certain threshold amounts and modifies the definition of “Eligible Accounts.” The full text of the amendment will be filed as an exhibit to the company’s Form 10-Q for the quarter ending December 31, 2025.
Friedman Industries, Inc. (FRD) reported insider share purchases by its President, CEO and Director, Michael J. Taylor. On 11/21/2025, he bought 1,000 shares of common stock at $19.28 per share, increasing his beneficial ownership to 220,066 shares held directly. On 11/24/2025, he bought another 1,000 shares at $19.47 per share, bringing his directly owned total to 221,066 common shares.
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.