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 Q4 2021

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Earnings data Q4 2022

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LONGVIEW, Texas, Dec. 03, 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 December 3, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 14, 2025 to shareholders of record at the close of business on January 17, 2025. This dividend marks the Company's 212th consecutive quarterly cash dividend since becoming publicly traded in 1972.

Friedman Industries, Incorporated Announces Cash Dividend

Friedman Industries' 2Q24 results reveal unprofitability at current production levels, with flat HRC prices exposing true operating margins. The company processed 160 thousand tons in 2Q24, showing an 8% decline in 1H24 volumes compared to 1H25. Gross margins at 4.5% led to a small operational loss, indicating the company is not GAAP profitable at current volumes.

Friedman's Q2 2024 Is An Unusual Peek Into Its True Profitability, And It's Not Great

FRD faces declining sales and demand in second-quarter fiscal 2025, impacting its stock price.

Friedman Stock Declines Post Q2 Earnings on Lower Sales, Demand

LONGVIEW, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the second fiscal quarter ended September 30, 2024.

Friedman Industries, Incorporated Announces Second Quarter Results

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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.

News for Friedman Industries Stock (FRD)