$FRD
FRIEDMAN INDUSTRIES INC Stock $frd

$frd Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-K Financial Statement

#000143774924019948 Filed on June 11, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2024
Revenue	$114.6M	$132.2M	$516.3M
YoY Change	-16.57%	6.48%	-5.71%
Cost Of Revenue	$96.41M	$65.72M	$417.1M
YoY Change	-20.3%	-40.57%	-17.31%
Gross Profit	$18.14M	$66.52M	$99.11M
YoY Change	11.07%	388.91%	130.03%
Gross Profit Margin	15.83%	50.3%	19.2%
Selling, General & Admin	$4.511M	$56.51M	$21.04M
YoY Change	-24.46%	790.04%	1.1%
% of Gross Profit	24.87%	84.96%	21.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$795.0K	$777.0K	$3.070M
YoY Change	3.11%	20.18%	21.54%
% of Gross Profit	4.38%	1.17%	3.1%
Operating Expenses	$4.511M	$59.58M	$21.04M
YoY Change	-24.46%	838.38%	1.1%
Operating Profit	-$1.398M	$6.933M	$24.52M
YoY Change	-113.5%	-4.44%	10.07%
Interest Expense	$681.0K	$205.0K	$3.072M
YoY Change	26.11%	-97.61%	-56.66%
% of Operating Profit		2.96%	12.53%
Other Income/Expense, Net	$3.000K	$3.000K	$20.00K
YoY Change	-50.0%	-100.04%	-25.93%
Pretax Income	$3.299M	$7.141M	$23.31M
YoY Change	-67.82%	-16.17%	-17.29%
Income Tax	$700.0K	$2.183M	$5.969M
% Of Pretax Income	21.22%	30.57%	25.6%
Net Earnings	$2.567M	$4.912M	$17.35M
YoY Change	-66.62%	-21.08%	-17.46%
Net Earnings / Revenue	2.24%	3.71%	3.36%
Basic Earnings Per Share	$0.37		$2.39
Diluted Earnings Per Share	$0.37	$0.71	$2.39
COMMON SHARES
Basic Shares Outstanding	6.970M	6.976M
Diluted Shares Outstanding			7.184M

Balance Sheet

Concept	2024 Q2	2024 Q1	2024
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.146M	$2.891M	$2.891M
YoY Change	-14.04%	-3.38%	-3.38%
Cash & Equivalents	$4.146M	$2.891M
Short-Term Investments
Other Short-Term Assets	$701.0K	$3.966M	$4.040M
YoY Change	-77.42%	-21.48%	-20.02%
Inventory	$119.8M	$115.8M	$115.8M
Prepaid Expenses
Receivables	$37.76M	$47.33M	$47.33M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$162.4M	$170.1M	$170.1M
YoY Change	4.05%	18.38%	18.38%
LONG-TERM ASSETS
Property, Plant & Equipment	$57.04M	$56.76M	$59.60M
YoY Change	6.35%	2.82%	7.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$333.0K	$356.0K	$356.0K
YoY Change	-22.92%	-21.41%	-21.41%
Total Long-Term Assets	$60.37M	$59.96M	$59.96M
YoY Change	9.15%	7.72%	7.72%
TOTAL ASSETS
Total Short-Term Assets	$162.4M	$170.1M	$170.1M
Total Long-Term Assets	$60.37M	$59.96M	$59.96M
Total Assets	$222.8M	$230.0M	$230.0M
YoY Change	5.39%	15.41%	15.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$34.25M	$43.73M	$43.73M
YoY Change	-4.57%	19.01%	19.01%
Accrued Expenses	$1.401M	$6.090M	$6.090M
YoY Change	-54.42%	19.39%	19.39%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$27.00K	$108.0K	$108.0K
YoY Change	-74.77%	0.93%	0.93%
Total Short-Term Liabilities	$38.80M	$54.11M	$54.11M
YoY Change	-9.8%	20.0%	20.0%
LONG-TERM LIABILITIES
Long-Term Debt	$46.09M	$40.29M	$40.29M
YoY Change	17.2%	21.47%	21.47%
Other Long-Term Liabilities	$2.969M	$2.887M	$2.887M
YoY Change	152.04%	128.4%	128.4%
Total Long-Term Liabilities	$49.06M	$43.18M	$43.18M
YoY Change	4064.35%	25.4%	25.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$38.80M	$54.11M	$54.11M
Total Long-Term Liabilities	$49.06M	$43.18M	$43.18M
Total Liabilities	$93.10M	$102.5M	$102.5M
YoY Change	5.76%	22.25%	22.25%
SHAREHOLDERS EQUITY
Retained Earnings	$98.57M	$96.28M
YoY Change	13.05%	20.88%
Common Stock	$44.17M	$44.12M
YoY Change	0.49%	0.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$129.7M	$127.5M	$127.5M
YoY Change
Total Liabilities & Shareholders Equity	$222.8M	$230.0M	$230.0M
YoY Change	5.39%	15.41%	15.41%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2024
OPERATING ACTIVITIES
Net Income	$2.567M	$4.912M	$17.35M
YoY Change	-66.62%	-21.08%	-17.46%
Depreciation, Depletion And Amortization	$795.0K	$777.0K	$3.070M
YoY Change	3.11%	20.18%	21.54%
Cash From Operating Activities	-$6.059M	$3.962M	$4.979M
YoY Change	32.21%	-79.99%	-92.21%
INVESTING ACTIVITIES
Capital Expenditures	$1.054M	$1.018M	$5.792M
YoY Change	134.22%	-87.55%	-64.8%
Acquisitions
YoY Change
Other Investing Activities	-$3.000K	-$3.000K	-$13.00K
YoY Change	50.0%	25.0%	-99.98%
Cash From Investing Activities	-$1.057M	-$1.021M	-$5.805M
YoY Change	133.85%	-87.51%	-93.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$5.151M
YoY Change			-14021.62%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$5.365M	-5.836M	$1.337M
YoY Change	-10.69%	-49.83%	-90.14%
NET CHANGE
Cash From Operating Activities	-$6.059M	3.962M	$4.979M
Cash From Investing Activities	-$1.057M	-1.021M	-$5.805M
Cash From Financing Activities	$5.365M	-5.836M	$1.337M
Net Change In Cash	-$1.751M	-2.895M	$511.0K
YoY Change	-280.14%	20622.98%	-104.76%
FREE CASH FLOW
Cash From Operating Activities	-$6.059M	$3.962M	$4.979M
Capital Expenditures	$1.054M	$1.018M	$5.792M
Free Cash Flow	-$7.113M	$2.944M	-$813.0K
YoY Change	41.33%	-74.67%	-101.71%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024	dei	Amendment Flag AmendmentFlag	false
CY2024	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2024	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2024	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024	dei	Document Type DocumentType	10-K
CY2024	dei	Document Annual Report DocumentAnnualReport	true
CY2024	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024	dei	Document Transition Report DocumentTransitionReport	false
CY2024	dei	Entity File Number EntityFileNumber	1-7521
CY2024	dei	Entity Registrant Name EntityRegistrantName	FRIEDMAN INDUSTRIES, INCORPORATED
CY2024	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	TX
CY2024	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	74-1504405
CY2024	dei	Entity Address Address Line1 EntityAddressAddressLine1	1121 Judson Road Suite 124
CY2024	dei	Entity Address City Or Town EntityAddressCityOrTown	Longview
CY2024	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2024	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	75601
CY2024	dei	City Area Code CityAreaCode	903
CY2024	dei	Local Phone Number LocalPhoneNumber	758-3431
CY2024	dei	Security12b Title Security12bTitle	Common Stock, $1 Par Value
CY2024	dei	Trading Symbol TradingSymbol	FRD
CY2024	dei	Security Exchange Name SecurityExchangeName	NYSEAMER
CY2024	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2024	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2024	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2024	dei	Entity Small Business EntitySmallBusiness	true
CY2024	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2024	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2024	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Public Float EntityPublicFloat	92000000	usd
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6969695
CY2024	dei	Auditor Firm AuditorFirmId	659
CY2024	dei	Auditor Name AuditorName	Moss Adams LLP
CY2024	dei	Auditor Location AuditorLocation	Houston, Texas
CY2024Q1	frd	Allowance For Doubtful Accounts Receivable And Cash Discounts Current AllowanceForDoubtfulAccountsReceivableAndCashDiscountsCurrent	97000	usd
CY2023Q1	frd	Allowance For Doubtful Accounts Receivable And Cash Discounts Current AllowanceForDoubtfulAccountsReceivableAndCashDiscountsCurrent	183000	usd
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CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	10000000
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	10000000
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8873203
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8868716
CY2024Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	1896892
CY2023Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	1493128
CY2024	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0
CY2023	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
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CY2024Q1	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://www.friedmanindustries.com/20240331#OperatingAndFinanceLeaseLiabilitiesNoncurrent
CY2024Q1	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
CY2023Q1	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://www.friedmanindustries.com/20240331#OperatingAndFinanceLeaseLiabilitiesNoncurrent
CY2024Q1	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent
CY2024Q1	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent
CY2023Q1	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2024#DerivativeAssetsCurrent
CY2023Q1	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent
CY2024	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	pure
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2891000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2992000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	47329000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	49367000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	115804000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	86246000	usd
CY2024Q1	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	74000	usd
CY2023Q1	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	536000	usd
CY2024Q1	us-gaap	Other Assets Current OtherAssetsCurrent	3966000	usd
CY2023Q1	us-gaap	Other Assets Current OtherAssetsCurrent	4515000	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	170064000	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	143656000	usd
CY2024Q1	us-gaap	Land Land	1670000	usd
CY2023Q1	us-gaap	Land Land	1670000	usd
CY2024Q1	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	30900000	usd
CY2023Q1	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	28550000	usd
CY2024Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	53607000	usd
CY2023Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	51001000	usd
CY2024Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	1977000	usd
CY2023Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	1167000	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	31396000	usd
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	28455000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	56758000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	53933000	usd
CY2024Q1	frd	Cash Value Of Officers Life Insurance And Other Assets Noncurrent CashValueOfOfficersLifeInsuranceAndOtherAssetsNoncurrent	356000	usd
CY2023Q1	frd	Cash Value Of Officers Life Insurance And Other Assets Noncurrent CashValueOfOfficersLifeInsuranceAndOtherAssetsNoncurrent	453000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2841000	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1270000	usd
CY2024Q1	us-gaap	Assets Assets	230019000	usd
CY2023Q1	us-gaap	Assets Assets	199312000	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	43886000	usd
CY2023Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	36847000	usd
CY2024Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	2213000	usd
CY2023Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	774000	usd
CY2024Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	279000	usd
CY2023Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	148000	usd
CY2024Q1	us-gaap	Deferred Compensation Cash Based Arrangements Liability Current DeferredCompensationCashBasedArrangementsLiabilityCurrent	0	usd
CY2023Q1	us-gaap	Deferred Compensation Cash Based Arrangements Liability Current DeferredCompensationCashBasedArrangementsLiabilityCurrent	350000	usd
CY2024Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	5989000	usd
CY2023Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	4650000	usd
CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	54000	usd
CY2023Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	107000	usd
CY2024Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	1686000	usd
CY2023Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	2212000	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	54107000	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	45088000	usd
CY2024Q1	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	105000	usd
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CY2023Q1	us-gaap	Liabilities Liabilities	83880000	usd
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CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2526000	usd
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CY2023	us-gaap	Costs And Expenses CostsAndExpenses	526468000	usd
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CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	21074000	usd
CY2024	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	1848000	usd
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CY2023	us-gaap	Interest Expense InterestExpense	2218000	usd
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CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	28189000	usd
CY2024	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	5175000	usd
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	3519000	usd
CY2024	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	794000	usd
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CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6845000	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	17345000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	21344000	usd
CY2024	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.39
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.91
CY2024	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.39
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.91
CY2024	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.1
CY2023	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.08
CY2024	us-gaap	Net Income Loss NetIncomeLoss	17345000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	21344000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	317000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	9952000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	317000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	9952000	usd
CY2024	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	17662000	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	31296000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	79686000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	21344000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	9952000	usd
CY2023	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	303000	usd
CY2023	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	4784000	usd
CY2023	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	37000	usd
CY2023	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	600000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	115432000	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	17345000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	317000	usd
CY2024	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	usd
CY2024	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	246000	usd
CY2024	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	5151000	usd
CY2024	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	714000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	127475000	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	17345000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	21344000	usd
CY2024	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3070000	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2526000	usd
CY2024	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	794000	usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	3326000	usd
CY2024	us-gaap	Restricted Stock Expense RestrictedStockExpense	246000	usd
CY2023	us-gaap	Restricted Stock Expense RestrictedStockExpense	303000	usd
CY2024	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	9000	usd
CY2023	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	8000	usd
CY2024	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	64000	usd
CY2023	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-459000	usd
CY2024	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-418000	usd
CY2023	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-4773000	usd
CY2024	frd	Increase Decrease In Rightofassets IncreaseDecreaseInRightofassets	-41000	usd
CY2023	frd	Increase Decrease In Rightofassets IncreaseDecreaseInRightofassets	-0	usd
CY2024	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2038000	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	13696000	usd
CY2024	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	29558000	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-59247000	usd
CY2024	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-0	usd
CY2023	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-1404000	usd
CY2024	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1173000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1363000	usd
CY2024	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	7039000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-18875000	usd
CY2024	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	1439000	usd
CY2023	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	774000	usd
CY2024	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	1339000	usd
CY2023	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	3564000	usd
CY2024	frd	Increase Decrease In Deferred Compensation Cash Based Arrangementsliability IncreaseDecreaseInDeferredCompensationCashBasedArrangementsliability	-350000	usd
CY2023	frd	Increase Decrease In Deferred Compensation Cash Based Arrangementsliability IncreaseDecreaseInDeferredCompensationCashBasedArrangementsliability	100000	usd
CY2024	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4979000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	63894000	usd
CY2024	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5792000	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	16454000	usd
CY2024	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	13000	usd
CY2023	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	13000	usd
CY2024	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5805000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-88187000	usd
CY2024	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	-0	usd
CY2023	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	393000	usd
CY2024	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	581000	usd
CY2023	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	589000	usd
CY2024	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	107000	usd
CY2023	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	105000	usd
CY2024	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	5151000	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	37000	usd
CY2024	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	831436000	usd
CY2023	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	740944000	usd
CY2024	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	824260000	usd
CY2023	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	726263000	usd
CY2024	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1337000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	13557000	usd
CY2024	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	511000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-10736000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	5386000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	16122000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	5897000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	5386000	usd
CY2024	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:24.5pt;"><b>RECLASSIFICATIONS:</b> The consolidated financial statements for the previous fiscal year <em style="font: inherit;"> may </em>include certain reclassifications to conform to the current presentation. To conform with the current year presentation, “<i>Cost of products sold</i>” on the consolidated statements of operations was broken down into <em style="font: inherit;">four</em> separate line items: <i>"Cost of materials sold"</i>, <i>"Processing and warehousing expense"</i>, <i>"Delivery expense" </i>and<i> "Depreciation and Amortization"</i>. The Company believes this increased level of detail provides financial statement users with a better understanding of the Company's expenses. "<i>Cost of materials sold</i>" represent the delivered cost of inventory sold. "<i>Processing and warehousing expense</i>" represents the operating costs at our processing facilities. "<i>Delivery expense</i>" represents the costs of delivering products to customers. The amount the Company charged customers for delivery of products is reported within "<i>Net sales</i>" on the consolidated statements of operations. This reclassifications had <em style="font: inherit;">no</em> impact on previously reported net earnings or stockholder's equity.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:24.5pt;"> </p>
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	100000	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	200000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	115804000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	86246000	usd
CY2024	us-gaap	Interest Paid InterestPaid	3000000	usd
CY2023	us-gaap	Interest Paid InterestPaid	2000000	usd
CY2024	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	3900000	usd
CY2023	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	400000	usd
CY2024Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2024	us-gaap	Use Of Estimates UseOfEstimates	<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:24.5pt;"><b>USE OF ESTIMATES:</b> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The more significant estimates and judgements for the Company include determining the fair value of assets acquired and liabilities assumed in the business combination discussed in Note <em style="font: inherit;">2.</em> The determination of fair value requires management to make significant judgments and estimates, including the selection of valuation methodologies, estimates of future revenue and cash flows, discount rates and selection of comparable companies. Actual results could differ from these estimates.</p> <p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt;"> </p>
CY2024	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:24.5pt;"><b>ECONOMIC RELATIONSHIP:</b> The Company purchases its inventory from a limited number of suppliers. Loss of any of these suppliers could have a material adverse effect on the Company.</p> <p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:24.5pt;">Flat-roll segment sales to O'Neal Steel accounted for approximately 16% and 15% of total Company sales in fiscal <em style="font: inherit;">2024</em> and fiscal <em style="font: inherit;">2023,</em> respectively. <em style="font: inherit;">No</em> other customers accounted for <em style="font: inherit;">10%</em> or more of total Company sales for either fiscal year.</p> <p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:24.5pt;">The Company’s sales are concentrated primarily in the midwestern, southwestern, and southeastern regions of the United States and are primarily to customers in the steel distributing and fabricating industries. The Company performs periodic credit evaluations of the financial conditions of its customers and generally does <em style="font: inherit;">not</em> require collateral. Generally, receivables are due within <em style="font: inherit;">30</em> days.</p> <p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt;"> </p>
CY2023Q4	srt	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	1045774
CY2024	us-gaap	Restricted Stock Shares Issued Net Of Shares For Tax Withholdings RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings	3723
CY2023	us-gaap	Restricted Stock Shares Issued Net Of Shares For Tax Withholdings RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings	4162
CY2022Q2	frd	Line Of Credit Facility Maximum Borrowing Capacity Maximum Conditional Increase LineOfCreditFacilityMaximumBorrowingCapacityMaximumConditionalIncrease	25000000	usd
CY2024	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	106000	usd
CY2023	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	105000	usd
CY2024	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	3000	usd
CY2023	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	4000	usd
CY2024	us-gaap	Operating Lease Cost OperatingLeaseCost	234000	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	127000	usd
CY2024	us-gaap	Lease Cost LeaseCost	343000	usd
CY2023	us-gaap	Lease Cost LeaseCost	236000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2841000	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1270000	usd
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	404000	usd
CY2023Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	430000	usd
CY2024Q1	frd	Operating And Finance Lease Rightofuse Asset OperatingAndFinanceLeaseRightofuseAsset	3245000	usd
CY2023Q1	frd	Operating And Finance Lease Rightofuse Asset OperatingAndFinanceLeaseRightofuseAsset	1700000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	101000	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	101000	usd
CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	54000	usd
CY2023Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	107000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2782000	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1168000	usd
CY2024Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	0	usd
CY2023Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	54000	usd
CY2024Q1	frd	Operating And Finance Lease Liability OperatingAndFinanceLeaseLiability	2937000	usd
CY2023Q1	frd	Operating And Finance Lease Liability OperatingAndFinanceLeaseLiability	1430000	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P20Y4M24D
CY2024Q1	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P0Y6M
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.075	pure
CY2024Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.019	pure
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	299000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	54000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	303000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	0	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	311000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	0	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	319000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	0	usd
CY2024Q1	frd	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	5043000	usd
CY2024Q1	frd	Finance Lease Liability To Be Paid After Year Four FinanceLeaseLiabilityToBePaidAfterYearFour	0	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	6275000	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	54000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	3392000	usd
CY2024Q1	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	-0	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	2883000	usd
CY2024Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	54000	usd
CY2024Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	2000000	usd
CY2024Q1	frd	Capital Expenditures Expected Cost CapitalExpendituresExpectedCost	2200000	usd
CY2024	us-gaap	Depreciation Depreciation	3000000	usd
CY2023	us-gaap	Depreciation Depreciation	2500000	usd
CY2024Q1	us-gaap	Derivative Assets DerivativeAssets	33000	usd
CY2023Q1	us-gaap	Derivative Assets DerivativeAssets	1600000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	0	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	9005000	usd
CY2024	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	1248000	usd
CY2023	us-gaap	State And Local Income Tax Expense Benefit Continuing Operations StateAndLocalIncomeTaxExpenseBenefitContinuingOperations	1285000	usd
CY2024	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5969000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6845000	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	17345000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	21344000	usd
CY2024	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	-177000	usd
CY2023	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	-329000	usd
CY2024	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	17168000	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	21015000	usd
CY2024	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7183702
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7216142
CY2024	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	4248000	usd
CY2023	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	2135000	usd
CY2024	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	473000	usd
CY2023	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	3425000	usd
CY2024	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	4721000	usd
CY2023	us-gaap	Federal Income Tax Expense Benefit Continuing Operations FederalIncomeTaxExpenseBenefitContinuingOperations	5560000	usd
CY2024	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	927000	usd
CY2023	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1384000	usd
CY2024	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	321000	usd
CY2023	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-99000	usd
CY2024	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2024	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.043	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.035	pure
CY2024	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.003	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.003	pure
CY2024	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.256	pure
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.242	pure
CY2024Q1	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	6451000	usd
CY2023Q1	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	5786000	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	6451000	usd
CY2023Q1	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	5786000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Derivative Instruments DeferredTaxAssetsDerivativeInstruments	0	usd
CY2023Q1	us-gaap	Deferred Tax Assets Derivative Instruments DeferredTaxAssetsDerivativeInstruments	106000	usd
CY2024Q1	frd	Deferred Tax Assets Inventory Costs Capitalized DeferredTaxAssetsInventoryCostsCapitalized	552000	usd
CY2023Q1	frd	Deferred Tax Assets Inventory Costs Capitalized DeferredTaxAssetsInventoryCostsCapitalized	548000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits	26000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits	25000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	77000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	91000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross	403000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross	526000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	136000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	133000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	1194000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	1429000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	5257000	usd
CY2023Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	4357000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	28189000	usd
CY2024Q1	us-gaap	Assets Assets	230019000	usd
CY2023Q1	us-gaap	Assets Assets	199312000	usd
CY2024	us-gaap	Depreciation Depreciation	3070000	usd
CY2023	us-gaap	Depreciation Depreciation	2526000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent	418000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent	101000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	317000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	418000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	101000	usd
CY2024	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	317000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent	13121000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent	3169000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	9952000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	13121000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	3169000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	9952000	usd
CY2024	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	516251000	usd
CY2023	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	547542000	usd
CY2024	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	1848000	usd
CY2023	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	9306000	usd
CY2024	us-gaap	Interest Expense InterestExpense	3072000	usd
CY2023	us-gaap	Interest Expense InterestExpense	2218000	usd
CY2024	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	20000	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	27000	usd
CY2024	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	23314000	usd
CY2024	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5792000	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	16454000	usd
CY2023Q1	us-gaap	Valuation Allowances And Reserves Balance ValuationAllowancesAndReservesBalance	183000	usd
CY2024	us-gaap	Valuation Allowances And Reserves Charged To Cost And Expense ValuationAllowancesAndReservesChargedToCostAndExpense	0	usd
CY2024	us-gaap	Valuation Allowances And Reserves Deductions ValuationAllowancesAndReservesDeductions	-86000	usd
CY2024Q1	us-gaap	Valuation Allowances And Reserves Balance ValuationAllowancesAndReservesBalance	97000	usd
CY2022Q1	us-gaap	Valuation Allowances And Reserves Balance ValuationAllowancesAndReservesBalance	85000	usd
CY2023	us-gaap	Valuation Allowances And Reserves Charged To Cost And Expense ValuationAllowancesAndReservesChargedToCostAndExpense	98000	usd
CY2023	us-gaap	Valuation Allowances And Reserves Deductions ValuationAllowancesAndReservesDeductions	0	usd
CY2023Q1	us-gaap	Valuation Allowances And Reserves Balance ValuationAllowancesAndReservesBalance	183000	usd
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	98000	usd
CY2024	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	38000	usd
CY2024	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	48000	usd
CY2024	dei	Auditor Name AuditorName	Moss Adams LLP
CY2024	dei	Auditor Location AuditorLocation	Houston, Texas

Files In Submission

Name	View Source	Status
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0001437749-24-019948-index.html	Edgar Link	pending
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ex_630922.htm	Edgar Link	pending
ex_630923.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
frd-20240331.xsd	Edgar Link	pending
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frd-20240331_pre.xml	Edgar Link	unprocessable
frd20240331_10k_htm.xml	Edgar Link	completed
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R51.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
taylorsig.jpg	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$FRD
FRIEDMAN INDUSTRIES INC Stock $frd

2024 Q2 Form 10-K Financial Statement

#000143774924019948 Filed on June 11, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FRD FRIEDMAN INDUSTRIES INC Stock $frd

2024 Q2 Form 10-K Financial Statement

#000143774924019948 Filed on June 11, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FRD
FRIEDMAN INDUSTRIES INC Stock $frd