Friedman Industries, Incorporated (FRD)
| Market Cap | 113.62M |
| Revenue (ttm) | 469.52M |
| Net Income (ttm) | 7.98M |
| Shares Out | 6.97M |
| EPS (ttm) | 1.14 |
| PE Ratio | 14.64 |
| Forward PE | n/a |
| Dividend | $0.16 (0.96%) |
| Ex-Dividend Date | Oct 25, 2024 |
| Volume | 6,136 |
| Open | 16.71 |
| Previous Close | 16.63 |
| Day's Range | 16.28 - 16.71 |
| 52-Week Range | 12.02 - 19.52 |
| Beta | 1.42 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Nov 12, 2024 |
About FRD
Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States. It operates in two segments, Flat-Roll Products and Tubular Products. The Flat-Roll Product segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils, as well as provision of process and storage services for customer-owned coils on a fee basis. The segment offers its products and services to steel distributors and customers manufacturing steel prod... [Read more]
Financial Performance
In 2023, Friedman Industries's revenue was $516.25 million, a decrease of -5.71% compared to the previous year's $547.54 million. Earnings were $17.17 million, a decrease of -18.31%.
Financial StatementsNews
Friedman's Q2 2024 Is An Unusual Peek Into Its True Profitability, And It's Not Great
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...
Friedman Industries, Incorporated Announces Second Quarter Results
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, 20...
3 "Perfect Stocks" To Buy Today
Nobody is perfect. While life teaches us the truth of that old saw pretty early on, the opposite can be found to be true in the stock market.
Friedman Industries, Incorporated Announces Cash Dividend
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, ...
Friedman Industries, Incorporated Announces First Quarter Results
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: Decent Q4 FY24 Results But Still Not Cheap
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 ...
Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2024 Results
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 INCREASES CASH DIVIDEND
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,...
Friedman Industries, Incorporated Announces Third Quarter Results
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 SHARE REPURCHASE AND AUTHORIZATION OF ADDITIONAL SHARE REPURCHASE PROGRAM
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 Corpo...
FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND
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 T...
Friedman Industries: 50% Upside To Growing TBV
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 rapidl...
Friedman Industries, Incorporated Announces Second Quarter Results and Provides Update on Strategic Growth Initiatives
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 First Quarter Results and Provides Near-Term Outlook
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 LAUNCHES NEW COMPANY WEBSITE
Longview, TX, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD)
Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2023 Results and Provides Near-Term Outlook
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 Third Quarter 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: Strong Financials Despite Low HRC Steel Prices
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 ...
Friedman Industries, Incorporated Announces Second Quarter Results and Provides Near-term Outlook
LONGVIEW, Texas, Dec. 02, 2022 (GLOBE NEWSWIRE) -- The Company announced today its results of operations for the fiscal second quarter.
FRIEDMAN INDUSTRIES, INCORPORATED PROVIDES SINTON FACILITY UPDATE AND UPDATE ON FORM 10-Q FILING
SINTON UPDATE
Friedman Industries, Incorporated Announces First Quarter Results, Provides Sinton Update and Near-term Outlook
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 PROVIDES UPDATE ON FORM 10-Q FILING
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 ...
Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2022 Results and Provides Post Plateplus Transaction Update
LONGVIEW, Texas, July 22, 2022 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD)
Friedman Industries: Plateplus Deal Is Transformational And I'm Going Long
The company recently bought two coil processing facilities from Plateplus for $63.8 million in cash and 516,041 shares, and this should more than double its production. The deal also includes steel in...
FRIEDMAN INDUSTRIES, INCORPORATED PROVIDES UPDATE ON FORM 10-K FILING
LONGVIEW, Texas, June 29, 2022 (GLOBE NEWSWIRE) -- The Company's measurement date to determine its filer status with the Securities and Exchange Commission (“SEC”) is September 30th of each year based...