Friedman Industries

Friedman Industries, Inc. engages in the provision of manufacture and trade of steel products. It operates through the Coil and Tubular segments. The Coil segment produces and markets hot-rolled steel and coils. The Tubular segment focuses on the operation of two electric resistance welded pipe mills with a combined outside diameter. The company was founded by Mendel Friedman in 1965 and is headquartered in Longview, TX.

Earnings data Q3 2021

Earnings data Q4 2021

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LONGVIEW, Texas, Sept. 18, 2024 (GLOBE NEWSWIRE) --  The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE American: FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on September 18, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on November 15, 2024 to shareholders of record at the close of business on October 25, 2024. This dividend marks the Company's 211th consecutive quarterly cash dividend since becoming publicly traded in 1972.

Friedman Industries, Incorporated Announces Cash Dividend

Friedman Industries' (FRD) overall topline is hurt by a year-over-year decline in sales across both segments.

Friedman Industries (FRD) Q1 Earnings and Revenues Decline Y/Y

LONGVIEW, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter ended June 30, 2024.

Friedman Industries, Incorporated Announces First Quarter Results

Find out why Zacks rates Friedman Industries as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore FRD's strategic expansions and financial health amid market challenges.

Zacks Initiates Coverage of Friedman Industries With Neutral Recommendation

The company booked a net income of $5 million for Q4 FY24 despite rising processing and warehousing expenses and lower HRC steel prices. The sales volume grew by 13%, and I think it could continue to improve in FY25. However, I think that HRC steel prices could stabilize at around $600/t over the coming months as China's economic recovery is still sluggish.

Friedman Industries: Decent Q4 FY24 Results But Still Not Cheap

Friedman Industries' (FRD) overall topline in fourth-quarter fiscal 2024 benefits from revenue growth in both segments.

Friedman Industries (FRD) Q4 Earnings Decline Y/Y, Margins Down

LONGVIEW, Texas, June 11, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter and fiscal year ended March 31, 2024.

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2024 Results

LONGVIEW, Texas, March 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE-American: FRD) a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on March 20, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company.

FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND

LONGVIEW, Texas, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) today announced its results of operations for the third fiscal quarter ended December 31, 2023.

Friedman Industries, Incorporated Announces Third Quarter Results

LONGVIEW, Texas, Dec. 18, 2023 (GLOBE NEWSWIRE) -- On December 13, 2023, Friedman Industries, Incorporated (the “Company”) repurchased 400,041 shares of the Company's common stock from Metal One Corporation for an aggregate repurchase price of approximately $5.1 million. After the repurchase, the Company had 6,971,824 shares of common stock outstanding.

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES SHARE REPURCHASE AND AUTHORIZATION OF ADDITIONAL SHARE REPURCHASE PROGRAM

LONGVIEW, Texas, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE—American; Trading Symbol: FRD) The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 13, 2023, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 16, 2024 to shareholders of record at the close of business on January 19, 2024. This dividend marks the Company's 208th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

Friedman Industries has strong financial ratios and is expected to experience significant growth in the next few years. The company has about 50% upside to tangible book value, which is growing rapidly. The steel industry is likely to see strength in the coming years, providing a favorable market for Friedman Industries.

Friedman Industries: 50% Upside To Growing TBV

LONGVIEW, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter ended September 30, 2023.

Friedman Industries, Incorporated Announces Second Quarter Results and Provides Update on Strategic Growth Initiatives

LONGVIEW, Texas, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter ended June 30, 2023.

Friedman Industries, Incorporated Announces First Quarter Results and Provides Near-Term Outlook

Longview, TX, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD)

FRIEDMAN INDUSTRIES, INCORPORATED LAUNCHES NEW COMPANY WEBSITE

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LONGVIEW, Texas, June 29, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter and fiscal year ended March 31, 2023.

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2023 Results and Provides Near-Term Outlook

LONGVIEW, Texas, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the fiscal third quarter.

Friedman Industries, Incorporated Announces Third Quarter Results and Provides Near-Term Outlook

The company booked a $4 million comprehensive income in Q2 FY23 thanks to a prudent hedging strategy and the strong performance of its tubular division. With HRC steel prices falling, inventories and receivables declined significantly, which pushed the CFO for the quarter to $76 million.

Friedman Industries: Strong Financials Despite Low HRC Steel Prices

LONGVIEW, Texas, Dec. 02, 2022 (GLOBE NEWSWIRE) -- The Company announced today its results of operations for the fiscal second quarter.

Friedman Industries, Incorporated Announces Second Quarter Results and Provides Near-term Outlook

FRIEDMAN INDUSTRIES, INCORPORATED PROVIDES SINTON FACILITY UPDATE AND UPDATE ON FORM 10-Q FILING

The Company announced today its results of operations for the fiscal first quarter. The Company announced today its results of operations for the fiscal first quarter.

Friedman Industries, Incorporated Announces First Quarter Results, Provides Sinton Update and Near-term Outlook

LONGVIEW, Texas, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) On August 10, 2022, the Company filed a Form NT 10-Q with the SEC providing notice of inability to timely file its Form 10-Q for the quarter ended June 30, 2022 (“Form 10-Q”). Because the Company was not able to file its Form 10-Q within the grace period provided by the Form NT 10-Q, the Company has received a Filing Delinquency Notification from NYSE American LLC notifying the Company that it has six months to cure the filing delinquency. If the Company fails to file the Form 10-Q during this initial cure period, NYSE American may, in its sole discretion, provide an additional six-month cure period. NYSE American will add a “.LF” indicator on the Company's ticker until this deficiency is cured. The Company is still working on accounting matters related to its acquisition that occurred during the quarter, is still preparing analyses and providing documentation requested by its auditors in connection with their review of the quarter and is still preparing the Form 10-Q. The Company will continue to work diligently to file its Form 10-Q as soon as possible.

FRIEDMAN INDUSTRIES, INCORPORATED PROVIDES UPDATE ON FORM 10-Q FILING

LONGVIEW, Texas, July 22, 2022 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD)

News for Friedman Industries Stock (FRD)