Friedman Industries Expects To Conclude Fiscal Year 2024 With A Strong Q4 Characterized By Solid Margins Associated With A Substantial Increase In HRC Price Entering Q4. Sales Volume For Q4 2024 Is Expected To Be Slightly Higher Than Q3 Volume

2/14/24 5:17:13 PM ET

Steel/Iron Ore

Industrials

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The Company expects to conclude fiscal year 2024 with a strong fourth quarter characterized by solid margins associated with a substantial increase in HRC price entering the fourth quarter. Sales volume for the fourth quarter of fiscal 2024 is expected to be slightly higher than the third quarter volume.

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Recent Analyst Ratings for
$FRD

Date	Price Target	Rating	Analyst

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Press Releases

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Friedman Industries, Incorporated Announces Second Quarter Results
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
11/12/24 4:29:13 PM ET
$FRD
Steel/Iron Ore
Industrials
Friedman Industries, Incorporated Announces Cash Dividend
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
9/18/24 2:49:15 PM ET
$FRD
Steel/Iron Ore
Industrials
Friedman Industries, Incorporated Announces First Quarter Results
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
8/8/24 4:20:52 PM ET
$FRD
Steel/Iron Ore
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$FRD
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Friedman Industries, Incorporated Announces Cash Dividend
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
9/18/24 2:49:15 PM ET
$FRD
Steel/Iron Ore
Industrials
Friedman Industries, Incorporated Announces Cash Dividend
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
6/26/24 5:27:56 PM ET
$FRD
Steel/Iron Ore
Industrials
Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2024 Results
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
6/11/24 4:31:35 PM ET
$FRD
Steel/Iron Ore
Industrials

Friedman Industries Expects To Conclude Fiscal Year 2024 With A Strong Q4 Characterized By Solid Margins Associated With A Substantial Increase In HRC Price Entering Q4. Sales Volume For Q4 2024 Is Expected To Be Slightly Higher Than Q3 Volume

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Recent Analyst Ratings for
$FRD

$FRD
Press Releases

Fastest customizable press release news feed in the world

Friedman Industries, Incorporated Announces Second Quarter Results

Friedman Industries, Incorporated Announces Cash Dividend

Friedman Industries, Incorporated Announces First Quarter Results

$FRD
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Friedman Industries Inc.

SEC Form SC 13G/A filed by Friedman Industries Inc. (Amendment)

SEC Form SC 13G/A filed by Friedman Industries Inc. (Amendment)

$FRD
Market Insights

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Over $13M Bet On This Energy Stock? Check Out These 4 Stocks Insiders Are Buying

Friedman Industries Increases Cash Dividend From $0.02 To $0.04

$FRD
Financials

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Friedman Industries, Incorporated Announces Cash Dividend

Friedman Industries, Incorporated Announces Cash Dividend

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

$FRD
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Taylor Sharon L bought $9,695 worth of shares (700 units at $13.85), increasing direct ownership by 12% to 6,741 units (SEC Form 4)

President / CEO / Director Taylor Mike J bought $34,851 worth of shares (2,500 units at $13.94), increasing direct ownership by 2% to 162,154 units (SEC Form 4)

Director Reichenthal Max Alan bought $28,000 worth of shares (2,000 units at $14.00), increasing direct ownership by 7% to 30,761 units (SEC Form 4)

$FRD
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Taylor Sharon L bought $9,695 worth of shares (700 units at $13.85), increasing direct ownership by 12% to 6,741 units (SEC Form 4)

President / CEO / Director Taylor Mike J bought $34,851 worth of shares (2,500 units at $13.94), increasing direct ownership by 2% to 162,154 units (SEC Form 4)

Director Reichenthal Max Alan bought $28,000 worth of shares (2,000 units at $14.00), increasing direct ownership by 7% to 30,761 units (SEC Form 4)

$FRD
SEC Filings

Friedman Industries Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Friedman Industries Inc.

Friedman Industries Inc. filed SEC Form 8-K: Leadership Update

Friedman Industries Expects To Conclude Fiscal Year 2024 With A Strong Q4 Characterized By Solid Margins Associated With A Substantial Increase In HRC Price Entering Q4. Sales Volume For Q4 2024 Is Expected To Be Slightly Higher Than Q3 Volume

Chat with this insight

Recent Analyst Ratings for $FRD

$FRD Press Releases

Fastest customizable press release news feed in the world

Friedman Industries, Incorporated Announces Second Quarter Results

Friedman Industries, Incorporated Announces Cash Dividend

Friedman Industries, Incorporated Announces First Quarter Results

$FRD Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Friedman Industries Inc.

SEC Form SC 13G/A filed by Friedman Industries Inc. (Amendment)

SEC Form SC 13G/A filed by Friedman Industries Inc. (Amendment)

$FRD Market Insights

Live Market Insights

Around $10M Bet On This Tech & Telecom Stock? Check Out These 3 Stocks Insiders Are Buying

Over $13M Bet On This Energy Stock? Check Out These 4 Stocks Insiders Are Buying

Friedman Industries Increases Cash Dividend From $0.02 To $0.04

$FRD Financials

Live finance-specific insights

Friedman Industries, Incorporated Announces Cash Dividend

Friedman Industries, Incorporated Announces Cash Dividend

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

$FRD Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Taylor Sharon L bought $9,695 worth of shares (700 units at $13.85), increasing direct ownership by 12% to 6,741 units (SEC Form 4)

President / CEO / Director Taylor Mike J bought $34,851 worth of shares (2,500 units at $13.94), increasing direct ownership by 2% to 162,154 units (SEC Form 4)

Director Reichenthal Max Alan bought $28,000 worth of shares (2,000 units at $14.00), increasing direct ownership by 7% to 30,761 units (SEC Form 4)

$FRD Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Taylor Sharon L bought $9,695 worth of shares (700 units at $13.85), increasing direct ownership by 12% to 6,741 units (SEC Form 4)

President / CEO / Director Taylor Mike J bought $34,851 worth of shares (2,500 units at $13.94), increasing direct ownership by 2% to 162,154 units (SEC Form 4)

Director Reichenthal Max Alan bought $28,000 worth of shares (2,000 units at $14.00), increasing direct ownership by 7% to 30,761 units (SEC Form 4)

$FRD SEC Filings

Friedman Industries Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Friedman Industries Inc.

Friedman Industries Inc. filed SEC Form 8-K: Leadership Update

Recent Analyst Ratings for
$FRD

$FRD
Press Releases

$FRD
Large Ownership Changes

$FRD
Market Insights

$FRD
Financials

$FRD
Insider Trading

$FRD
Insider Purchases

$FRD
SEC Filings