Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 200 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are steel distributors and customers manufacturing steel products, such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts and other fabricated steel products. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. This segment sells its tubular products principally to steel and pipe distributors through its own sales force. The company was incorporated in 1965 and is headquartered in Longview, Texas.
IPO Year:
Exchange: AMEX
Website: friedmanindustries.com
LONGVIEW, Texas, March 19, 2025 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Friedman Industries, Incorporated, (NYSE:FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on March 19, 2025, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on May 23, 2025 to shareholders of record at the close of business on April 25, 2025. This dividend marks the Company's 213th consecutive quarterly cash dividend since becoming publicly traded in 1972. Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board's desire is to
LONGVIEW, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Friedman Industries, Incorporated, (NYSE: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. Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board's desire
LONGVIEW, Texas, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Friedman Industries, Incorporated, (NYSE: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. Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board's de
LONGVIEW, Texas, June 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Friedman Industries, Incorporated, (NYSE:FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on June 26, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 16, 2024 to shareholders of record at the close of business on July 26, 2024. This dividend marks the Company's 210th consecutive quarterly cash dividend since becoming publicly traded in 1972. Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board's desire is to
LONGVIEW, Texas, June 11, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE:FRD) announced today its results of operations for the quarter and fiscal year ended March 31, 2024. March 31, 2024 Quarter Highlights: Net earnings of $5.0 millionSales of $132.2 million13% increase in sales volume over the preceding third quarter9% increase in sales volume over the prior year fourth quarter Fiscal Year March 31, 2024 Highlights: Net earnings of $17.3 million - second most profitable fiscal year in Company historySales of $516.3 million19% increase in sales volume over prior fiscal yearWorking capital balance at year-end of $116.0 million "We ended fiscal 2024 with a
Favorable Outlook for Consistent Earnings and Further Growth209th Consecutive Quarterly Dividend Since 1972 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. "Our future has never been brighter. We are increasing Friedman's dividend based on our favorable outlook for consistent earnings and further growth," said Mike Taylor, Chairman and Chief Executive Officer. "Friedman's strategic tra
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 trade
LONGVIEW, Texas, Sept. 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 September 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 November 10, 2023 to shareholders of record at the close of business on October 20, 2023. This dividend marks the Company's 207th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly tra
Friedman_Industries_RGBLONGVIEW, Texas, June 20, 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 June 20, 2023, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 11, 2023 to shareholders of record at the close of business on July 21, 2023. This dividend marks the Company's 206th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becom
LONGVIEW, Texas, March 21, 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 March 21, 2023, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on May 26, 2023 to shareholders of record at the close of business on April 28, 2023. This dividend marks the Company's 205th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 197
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LONGVIEW, Texas, June 12, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NASDAQ/GS: FRD) announced today its results of operations for the quarter and fiscal year ended March 31, 2025. March 31, 2025 Quarter Highlights: Net earnings of $5.3 millionSales of $129.2 millionHighest sales volume in Company history28% increase in sales volume over the preceding third quarter5% increase in sales volume over the prior year fourth quarter Fiscal Year March 31, 2025 Highlights: Net earnings of $6.1 millionSales of $444.6 millionWorking capital balance at year-end of $128.1 million "We ended fiscal 2025 with improved margins and a record quarter for sales volume as we continue to ex
Nasdaq trading commences on April 8, 2025Improves Friedman's visibility in the capital marketsIncreases potential for improved trading liquidity and diversified share ownership LONGVIEW, Texas, March 27, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE:FRD), a leading manufacturer and processor of steel products, announced today it will transfer its common stock listing to the Nasdaq Global Select Market ("Nasdaq") and commence trading effective April 8, 2025, under the symbol "FRD". The Company's common stock will continue to trade on the NYSE American through market close on April 7, 2025. "As we grow, we want to increase our market visibility and attract more investor
LONGVIEW, Texas, March 19, 2025 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Friedman Industries, Incorporated, (NYSE:FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on March 19, 2025, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on May 23, 2025 to shareholders of record at the close of business on April 25, 2025. This dividend marks the Company's 213th consecutive quarterly cash dividend since becoming publicly traded in 1972. Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board's desire is to
LONGVIEW, Texas, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE:FRD) announced today its results of operations for the third fiscal quarter ended December 31, 2024. December 31, 2024 Quarter Highlights: Sales of approximately $94.1 millionWorking capital balance at quarter-end of approximately $107 millionOperating cash flow of approximately $2.7 million during the quarterDebt reduced 9% during the quarterQuarter-end sales backlog volume 11% higher compared to prior year "We continued to experience challenging conditions during the third fiscal quarter," said Michael Taylor, President and Chief Executive Officer. "Our margins were adversely affected by continu
LONGVIEW, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Friedman Industries, Incorporated, (NYSE: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. Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board's desire
LONGVIEW, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE:FRD) announced today its results of operations for the second fiscal quarter ended September 30, 2024. September 30, 2024 Quarter Highlights: Sales of approximately $106.8 millionWorking capital balance at quarter-end of approximately $111.7 millionOperating cash flow of approximately $10.8 million during the quarterDebt reduced 22% during the quarter "We experienced challenging conditions during the second fiscal quarter driven by industry specific and macroeconomic factors," said Michael J. Taylor, President and Chief Executive Officer. "Our margins were affected by industry-wide pricing pressur
LONGVIEW, Texas, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Friedman Industries, Incorporated, (NYSE: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. Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board's de
LONGVIEW, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE:FRD) announced today its results of operations for the quarter ended June 30, 2024. June 30, 2024 Quarter Highlights: Net earnings of approximately $2.6 millionSales of approximately $114.6 millionWorking capital balance at quarter-end of approximately $123.6 million "We are pleased to report profitable results for our first quarter in a period of challenging price dynamics," said Michael J. Taylor, President and Chief Executive Officer. "The first quarter results further highlight our strategy as we captured hedging gains of approximately $5.4 million that worked as intended to help offset physic
LONGVIEW, Texas, June 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Friedman Industries, Incorporated, (NYSE:FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on June 26, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 16, 2024 to shareholders of record at the close of business on July 26, 2024. This dividend marks the Company's 210th consecutive quarterly cash dividend since becoming publicly traded in 1972. Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board's desire is to
LONGVIEW, Texas, June 11, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE:FRD) announced today its results of operations for the quarter and fiscal year ended March 31, 2024. March 31, 2024 Quarter Highlights: Net earnings of $5.0 millionSales of $132.2 million13% increase in sales volume over the preceding third quarter9% increase in sales volume over the prior year fourth quarter Fiscal Year March 31, 2024 Highlights: Net earnings of $17.3 million - second most profitable fiscal year in Company historySales of $516.3 million19% increase in sales volume over prior fiscal yearWorking capital balance at year-end of $116.0 million "We ended fiscal 2024 with a
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