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Friedman Industries, Incorporated Announces Transfer to Nasdaq

  • LONGVIEW, Texas, March 27, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: 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.
    03/27/2025

Friedman Industries, Incorporated Announces Cash Dividend

  • LONGVIEW, Texas, March 19, 2025 (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 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.
    03/19/2025
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Friedman Industries, Incorporated (FRD) can buy. Click on Rating Page for detail.

The price of Friedman Industries, Incorporated (FRD) is 17.07 and it was updated on 2025-04-18 01:03:51.

Currently Friedman Industries, Incorporated (FRD) is in undervalued.

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FRD Stock Down Following Q3 Earnings and Revenue Decline, Backlog Up

  • Friedman Industries posts a third-quarter fiscal 2025 loss as revenue declines, but backlog grows and debt drops.
    Tue, Feb. 11, 2025

Friedman: Unprofitable For The Second Quarter At These Volumes

  • Friedman Industries, Incorporated's Q3 2025 earnings show falling volumes and unprofitable operations, confirming trends observed since early 2024. The company's market cap is $120 million with a high P/E ratio, making its valuation difficult to justify. Friedman cannot cover interest costs at current volumes, but has sufficient net working capital to avoid immediate financial issues.
    Mon, Feb. 10, 2025

Friedman Industries, Incorporated Announces Third Quarter Results

  • LONGVIEW, Texas, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the third fiscal quarter ended December 31, 2024.
    Fri, Feb. 07, 2025

Friedman Industries, Incorporated Announces Cash Dividend

  • 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.
    Tue, Dec. 03, 2024

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 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.
    Fri, Nov. 29, 2024
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Friedman Stock Declines Post Q2 Earnings on Lower Sales, Demand

  • FRD faces declining sales and demand in second-quarter fiscal 2025, impacting its stock price.
  • 11/14/2024

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, 2024.
  • 11/12/2024

The Zacks Analyst Blog The Home Depot, The Southern, Infosys, Kewaunee Scientific and Friedman Industries

  • The Home Depot, The Southern, Infosys, Kewaunee Scientific and Friedman Industries are included in this Analyst Blog.
  • 09/19/2024

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, 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.
  • 09/18/2024

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

  • Friedman Industries' (FRD) overall topline is hurt by a year-over-year decline in sales across both segments.
  • 08/12/2024

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.
  • 08/08/2024

Friedman Industries, Incorporated Announces Cash Dividend

  • LONGVIEW, Texas, June 26, 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 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.
  • 06/26/2024

Zacks Initiates Coverage of Friedman Industries With Neutral Recommendation

  • 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.
  • 06/20/2024

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 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.
  • 06/17/2024

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

  • Friedman Industries' (FRD) overall topline in fourth-quarter fiscal 2024 benefits from revenue growth in both segments.
  • 06/12/2024

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.
  • 06/11/2024

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, 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.
  • 03/21/2024

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.
  • 02/14/2024

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 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.
  • 12/18/2023

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 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.
  • 12/13/2023

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.
  • 11/14/2023

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

  • 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 traded in 1972.
  • 09/13/2023

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.
  • 08/14/2023

FRIEDMAN INDUSTRIES, INCORPORATED LAUNCHES NEW COMPANY WEBSITE

  • Longview, TX, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD)
  • 08/07/2023

7 Value-Growth Stocks That'll Make You a Millionaire by 2025

  • Investors often jump into expensive stocks that have strong momentum and grand underlying businesses. However, these stocks can underperform the broader market or even return losses if your entry point is too high.
  • 08/02/2023

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 receivables declined significantly, which pushed the CFO for the quarter to $76 million.
  • 12/06/2022

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 inventory and customer relationships from two other facilities, which have a combined production of 113,000 tons.
  • 07/05/2022

Friedman Industries Trades Above Fair Value But The Situation May Change

  • FRD is a downstream steel producer, meaning a company that buys steel coil from big mills and processes it according to final customer requirements.
  • 03/16/2022

Friedman Industries Looks Cheap Based On Fundamentals

  • The company closed H1 FY22 with a net profit of $24.5 million thanks to high steel prices. The last time the company had unusually high earnings, it distributed a special dividend. I expect the same to happen in the near future.
  • 01/04/2022

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

  • LONGVIEW, Texas, Sept. 10, 2021 (GLOBE NEWSWIRE) -- 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 10, 2021, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on November 12, 2021 to shareholders of record at the close of business on October 8, 2021. This dividend marks the Company's 199th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
  • 09/10/2021

Friedman Industries, Incorporated Announces First Quarter Results

  • LONGVIEW, Texas, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The Company announced today its results of operations for the fiscal first quarter. For the quarter ended June 30, 2021 (the “2021 quarter”), the Company recorded net earnings of $11,311,797 ($1.64 diluted earnings per share) on net sales of $65,916,439 compared to a net loss of $858,862 ($0.12 diluted loss per share) on net sales of $23,524,600 for the quarter ended June 30, 2020 (the “2020 quarter”). The 2021 quarter results make it the most profitable quarter in Company history. Results for the 2021 quarter were positively impacted by strong margins primarily associated with a historic rise in steel prices. The 2021 quarter was also positively impacted by the Decatur, Alabama facility starting to operate its new stretcher leveler cut-to-length line.
  • 08/23/2021

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2021 Results

  • Reports most profitable quarter and second most profitable fiscal year in Company history Reports most profitable quarter and second most profitable fiscal year in Company history
  • 07/07/2021

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

  • LONGVIEW, Texas, June 28, 2021 (GLOBE NEWSWIRE) -- 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 28, 2021, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 6, 2021 to shareholders of record at the close of business on July 16, 2021. This dividend marks the Company's 198th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
  • 06/28/2021

Friedman Industries: Now Firing on All Cylinders

  • Last year I wrote about Friedman Industries Inc. ( FRD , Financial) - A debt-free steel value-added reseller selling at a rock-bottom price. The stock was at $4.24.
  • 05/25/2021

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

  • LONGVIEW, Texas, March 24, 2021 (GLOBE NEWSWIRE) -- 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 24, 2021, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on May 21, 2021 to shareholders of record at the close of business on April 23, 2021. This dividend marks the Company's 197th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
  • 03/24/2021

Friedman Industries, Incorporated Announces Third Quarter Results

  • LONGVIEW, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) -
  • 02/22/2021

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

  • LONGVIEW, Texas, Dec. 09, 2020 (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 9, 2020, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 5, 2021 to shareholders of record at the close of business on January 8, 2021. This dividend marks the Company's 196th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
  • 12/09/2020

Friedman Industries, Incorporated Announces Second Quarter Results

  • LONGVIEW, Texas, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) -
  • 11/16/2020

Partisan Sites Posing as Local News Expand Ahead of Election

  • As local news outlets suffer cuts, political donors are seeing an opportunity to influence coverage ahead of the 2020 election.
  • 10/19/2020

Deep Value Index Outperforms Nasdaq 14.6% Year-To-Date - Model Portfolio Update

  • Net-Nets continue their ride higher. Although Nasdaq gained 10.7% during 21 July - 27 August and Net-Nets only gained 8%, Net-Nets are still up 44.1% YTD compared to Nasdaq's return of 29.6%.
  • 09/04/2020

Friedman Industries, Incorporated Announces First Quarter Results

  • LONGVIEW, Texas, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) - The Company announced today its results of operations for the first quarter. For the quarter ended June 30, 2020 (the “2020 quarter”), the Company recorded a net loss of $858,862 ($0.12 diluted loss per share) on net sales of $23,524,600 compared to net earnings of $194,772 ($0.03 diluted earnings per share) on net sales of $40,975,320 for the quarter ended June 30, 2019 (the “2019 quarter”). The Company’s operating results for both the 2020 quarter and the 2019 quarter were negatively impacted by declining hot-rolled steel prices but the 2020 quarter was impacted additionally by a decline in volume primarily related to impacts of the COVID-19 pandemic.SUMMARY OF OPERATIONS (unaudited)       Three Months Ended June 30,   2020  2019      Net Sales$23,524,600  $40,975,320 Total costs and other income 24,661,230   40,706,049 Earnings (loss) before income taxes (1,136,630)  269,271      Income taxes (277,768)  74,499      Net earnings (loss)$(858,862) $194,772      Weighted average shares outstanding:   Basic 7,080,444   6,999,444 Diluted 7,080,444   6,999,444      Net earnings (loss) per share:   Basic$(0.12) $0.03 Diluted$(0.12) $0.03         COIL SEGMENT OPERATIONS Coil segment sales for the 2020 quarter totaled $15,432,784 compared to $28,181,468 for the 2019 quarter. Total coil segment sales decreased due to declining hot-rolled steel pricing accompanied with decreased sales volume related to impacts of the COVID-19 pandemic. Inventory tons sold decreased from approximately 38,000 tons in the 2019 quarter to approximately 27,000 tons in the 2020 quarter. Compared to the average monthly sales volume for the fiscal year ended March 31, 2020, April 2020 volume was down approximately 51%, May 2020 volume was down approximately 33% and June 2020 volume was down approximately 3%. Coil segment operations recorded an operating loss of approximately $459,000 for the 2020 quarter and an operating profit of approximately $345,000 for the 2019 quarter. Segment results for both the 2020 quarter and the 2019 quarter were negatively impacted by declining hot-rolled steel prices but the 2020 quarter was impacted additionally by the COVID-19 pandemic.TUBULAR SEGMENT OPERATIONSTubular product segment sales for the 2020 quarter totaled $8,091,816 compared to $12,793,852 for the 2019 quarter. Total tubular segment sales declined due primarily to a lower sales volume and lower steel prices. Tons sold decreased from approximately 15,500 tons in the 2019 quarter to approximately 11,000 tons in the 2020 quarter. The volume decline was primarily related to impacts of the COVID-19 pandemic and challenging conditions for the U.S. energy industry. Compared to the average monthly sales volume for the fiscal year ended March 31, 2020, April 2020 volume was down approximately 4%, May 2020 was down approximately 36% and June 2020 was down approximately 27%. The volume for April was supported by the segment fulfilling manufactured pipe orders that were received prior to the COVID-19 pandemic’s broad impact on the U.S. economy. The tubular segment operations recorded operating profits of approximately $59,000 and $545,000 for the 2020 and 2019 quarters, respectively. Operating results for both the 2020 quarter and the 2019 quarter were negatively impacted by declining hot-rolled steel prices, but the 2020 quarter was impacted additionally by impacts of the COVID-19 pandemic and challenging conditions for the U.S. energy industry.STRATEGIC INITIATIVESThe Company continued two previously announced capital expenditure projects during the first quarter of fiscal 2021. The first project was a building expansion at the Company’s coil processing facility in Hickman, Arkansas that was put into service during May 2020. The project added an additional 22,000 square feet of storage space to the facility. This project was completed at an actual cost of approximately $1,083,000 compared to an original estimated cost of $1,100,000. The second project involves the purchase and installation of a stretcher leveler coil processing line at the Company’s coil processing facility in Decatur, Alabama. This new equipment will allow the Decatur location and our overall coil segment to process material that is thicker, wider and higher strength. In addition, material that has been leveled by the stretcher leveling process is preferable to certain customers and applications compared to material that has been leveled by the temper mill process. In June 2020, the existing equipment at the Decatur facility was removed to allow the foundation to be prepared for the installation of the new equipment. The Company currently expects the installation of the new equipment to begin in October 2020 and expects commercial use of the equipment to begin in February 2021. As of June 30, 2020, expenditures related to the Decatur project totaled $3,874,444 with this amount reported as “Construction in process” on the Company’s Consolidated Balance Sheet. The Company currently estimates the total cost of this project to be $5,800,000.In June 2020, we implemented our first price-risk management actions by participating in the financial futures market for hot-rolled steel coil. We believe price-risk management is a critical tool for improving the consistency of our financial results in a volatile commodity-based business.On June 25, 2020, our Board of Directors authorized a share repurchase program under which the Company may repurchase up to 1,062,067 shares of the Company’s outstanding common stock through June 30, 2023, which equates to 15% of the Company’s outstanding shares of common stock as of June 25, 2020.Repurchases under the program may be made from time to time at the Company’s discretion and may be made in open market transactions, through block trades, in privately negotiated transactions and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise. The timing and actual number of shares repurchased pursuant to the program will depend on a variety of factors including price, corporate and regulatory requirements, market conditions and other corporate liquidity requirements and priorities. The repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time.COVID-19 / OUTLOOKIn March 2020, the World Health Organization declared the novel strain of coronavirus (“COVID-19”) a global pandemic. In addition to the devastating effects on human life, this contagious virus has adversely affected economies globally. It has also disrupted the normal operations of many businesses, including ours and many of our customers. Our facilities have continued to operate during this crisis but we are operating with modifications to our facility practices, employee travel, employee work locations and virtualization or cancellation of company and customer events, among other modifications. We may take further actions that alter our business operations as the situation evolves. There are no comparable events that provide guidance as to the effect the COVID-19 pandemic may have, and, as a result, the ultimate effect of the pandemic is highly uncertain and subject to change. We do not yet know the full extent of the effects on the economy, the markets we serve, our business or our operations. We have experienced a small number of cases within our workforce with each case being isolated with no spread to other employees. We are pleased to report that all of those cases have successfully recovered and that we are not aware of any active cases as of the date of this press release.We are encouraged by the rapid recovery in sales volume for the Company’s coil segment. Coil segment sales volume for July 2020 were down approximately 6% compared to our fiscal 2020 monthly average and we expect a similar volume for August 2020. Volume for the tubular segment has seen a slow but gradual improvement since May 2020 with this trend continuing into July 2020, with monthly volume down 20% from the fiscal 2020 monthly average. Energy industry conditions remain challenging and, in recent months, we have seen increased competition from imported pipe. We expect tubular demand to remain soft during the second quarter of fiscal 2021.ABOUT FRIEDMAN INDUSTRIESFriedman Industries, Incorporated, headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama and Lone Star, Texas. The Company has two reportable segments: coil products and tubular products. The coil product segment consists of the operations in Hickman and Decatur where the Company processes hot-rolled steel coils using temper mills and cut-to-length lines. The Company is in the process of replacing its temper mill and cut-to-length line at the Decatur plant with a stretcher leveler line. The tubular product segment consists of the operations in Lone Star where the Company manufactures electric resistance welded pipe, provides pipe finishing services and distributes pipe.CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, and such statements involve risk and uncertainty.
  • 08/14/2020

Deep Value Index Posts Strong Outperformance Vs. Nasdaq During COVID-19 Pandemic

  • Value has lagged Growth during the last ten years. Even during the Covid-19 pandemic, Growth continues to outperform value by a wide margin.
  • 07/27/2020

Your Taxes Are Due Wednesday. Here’s What You Need to Know.

  • As the filing deadline for 2019 tax returns approaches, taxpayers should be weighing the benefits of extending their deadline to Oct. 15.
  • 07/11/2020

Q2 2020 Update

  • Visit the post for more.
  • 07/01/2020

New Mexico Educational Retirement Board Lowers Stock Position in Nucor Co. (NYSE:NUE)

  • New Mexico Educational Retirement Board lowered its position in shares of Nucor Co. (NYSE:NUE) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,109 shares of the basic materials company’s stock after selling 4,400 shares during the quarter. New Mexico Educational […]
  • 07/01/2020

Friedman Industries, Incorporated Announces Share Repurchase Program and Fourth Quarter and Fiscal Year 2020 Results

  • Friedman Industries, Incorporated announced today a share repurchase program authorized by the Board of Directors on June 25, 2020 under which the Company may repurchase up to 1,062,067 shares of the Company’s outstanding common stock through June 30, 2023, which equates to 15% of the Company’s outstanding shares of common stock as of June 29, 2020. Repurchases under the program may be made from time to time at the Company’s discretion and may be made in open market transactions, through block trades, in privately negotiated transactions and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise. The repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time.
  • 06/29/2020

Nucor Co. (NYSE:NUE) Stock Position Lowered by Verus Capital Partners LLC

  • Verus Capital Partners LLC trimmed its stake in Nucor Co. (NYSE:NUE) by 30.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,021 shares of the basic materials company’s stock after selling 449 shares during the quarter. Verus Capital Partners LLC’s holdings in Nucor were […]
  • 06/28/2020

Allen C. Behr Sells 2,076 Shares of Nucor Co. (NYSE:NUE) Stock

  • Nucor Co. (NYSE:NUE) EVP Allen C. Behr sold 2,076 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $42.56, for a total value of $88,354.56. Following the sale, the executive vice president now owns 47,579 shares in the company, valued at $2,024,962.24. […]
  • 06/26/2020

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

  • The Company will pay the cash dividend on August 7, 2020 to shareholders of record at the close of business on July 17, 2020. This dividend marks the Company’s 194th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
  • 06/25/2020

New Post From Your Neighbor

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New Post From Your Neighbor

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  • 06/23/2020

New Post From Your Neighbor

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  • 06/23/2020

New Post From Your Neighbor

  • Im @ 350 Stuyvesant ave and I will be selling dinners to the...
  • 06/21/2020

Bangladesh's hospitals severely lacking ICU facilities: Daily Star columnist

  • In her commentary, the writer says that healthcare in Bangladesh has turned into a commodity for the consumption of the highest bidder, rather than the right of every citizen.. Read more at straitstimes.com.
  • 06/19/2020

New Post From Your Neighbor

  • Bedford Stuyvesant's own WW ll Army Veteran Mr. James Been...
  • 06/19/2020

Friedman Industries (NYSEAMERICAN:FRD) Shares Pass Above 200-Day Moving Average of $0.00

  • Friedman Industries (NYSEAMERICAN:FRD) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $5.10. Friedman Industries shares last traded at $5.04, with a volume of 2,605 shares. The firm also recently disclosed a quarterly dividend, which […]
  • 06/18/2020

New Post From Your Neighbor

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  • 06/15/2020

New Post From Your Neighbor

  • Richard Greene crown orgainizermessage fro Mel heichman
  • 06/14/2020

Trades

  • I sold 125 shares of Smith & Wesson (SWBI) @ $16.8803. I still own 145 shares. I was up 122% on the position and it had grown to 10% of my account. I took it back down to 5%. I still don’…
  • 06/10/2020

Pakistan Steel Mills huge burden on taxpayers: Hammad Azhar

  • Minister for Industries and Production Hammad Azhar said on Thursday the government decided to privatise the Pakistan Steel Mills to bring it out of losses.
  • 06/04/2020

Why now is exactly the right time to set up a coronavirus inquiry | Daniel Machover

  • Reluctance to start pointing fingers before the storm has passed is understandable. But we must start now, says civil litigation specialist Daniel Machover
  • 05/06/2020

3 Deep-Value Stocks for the Bear Market

  • A look at three deeply undervalued businesses Continue reading...
  • 04/07/2020

' Deep Value Stocks for the Bear Market

  • 04/07/2020

Friedman Industries, Incorporated Announces Cash Dividend

  • The Company will pay the cash dividend on May 22, 2020 to shareholders of record at the close of business on April 24, 2020. This dividend marks the Company’s 193rd consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
  • 03/26/2020

Friedman Industries, Incorporated Announces Cash Dividend

  • 03/26/2020

Krill Oil Market: Revenue Growth, Global Market Opportunities, Technological Innovations, ...

  • 03/05/2020

Friedman Industries Inc (FRD) President / CEO / Director Mike J Taylor Bought $57,……… of ...

  • 02/26/2020

The Schloss Portfolio: A New Start

  • Episode 1 of my new value investing portfolio. My portfolio is based on the work and readings of Walter Schloss. I will share my portfolio and my new strategy.
  • 02/25/2020

Friedman Industries Reported Friday Q3 EPS $(0.13) Down From $0.09 YoY, Sales $28.151M Down From $43.326M YoY

  • 02/18/2020

Friedman Industries, Incorporated Announces Third Quarter Results

  • LONGVIEW, Texas, Feb. 14, 2020 -- Friedman Industries, Incorporated, headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants.
  • 02/14/2020

Friedman Industries, Incorporated Announces Third Quarter Results

  • 02/14/2020

Global Krill Oil Market Share, Size and Outlook —…—… |Top Manufacturers, Statistics, ...

  • 02/11/2020

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

  • The Company will pay the cash dividend on February 7, 2020 to shareholders of record at the close of business on January 10, 2020. This dividend marks the Company’s 192nd consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.
  • 12/06/2019

Friedman declares $0.02 dividend

  • 12/06/2019

Dividend Aristocrats in Focus Part 12: Nucor

  • Steel producers like Nucor have fought through a challenging environment for years, but conditions are finally improving for this Dividend Aristocrat.
  • 11/22/2019

Friedman Industries Q2 EPS $(0.22) Down From $0.29 YoY, Sales $40M Down From $53.432M YoY

  • 11/14/2019

Friedman Industries, Incorporated Announces Second Quarter Results

  • LONGVIEW, Texas, Nov. 14, 2019 -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD), headquartered in Longview, Texas, is a manufacturer and processor of.
  • 11/14/2019

Friedman Industries, Incorporated Announces Second Quarter Results

  • 11/14/2019

Friedman Industries Appoints Michael J. Taylor As President And CEO

  • 09/18/2019

Friedman Industries, Incorporated Announces President and CEO

  • Friedman Industries, Incorporated (NYSE - American: FRD) (the “Company”), a steel manufacturing, processing, and distribution company, announced today the appointment of Michael J. Taylor as President and Chief Executive Officer of the Company, effective September 12, 2019.  Mr. Taylor, age 60, has served as the Interim President and Interim Chief Executive Officer since February 12, 2019 and has served as a director of the Company since December 2016 and as Chairman of the Board of Directors since June 2017. Mr. Taylor will continue to serve as a director of the Company and Chairman of the Board.
  • 09/18/2019

Friedman declares $0.02 dividend

  • 09/13/2019

Ripple's Xpring Set To Become A Developer Platform, XRP Community Excited By The New ProspectRipple News Today - Ripple's Xpring Set To Become A Developer Platform, XRP Community Excited By The New Prospect - XRP News Today - XRP Latest Update - Cryptocurrency News Update | Smartereum

  • Ripple News Today – Ripple, the company behind the XRP token has been under fire for a while now. While some members of the cryptocurrency community have accused Ripple of manipulating the price of XRP, others say that the company is trading unregistered securities. Even if there is a lot of criticism facing Ripple, it’s […]
  • 08/19/2019

Friedman Industries Late Wednesday Reported Q1 EPS $0.03 Down From $0.51 YoY, Sales $40.975M Down From $48.193M YoY

  • 08/15/2019

Friedman reports Q1 results

  • 08/15/2019

Friedman Industries, Incorporated Announces First Quarter Results

  • LONGVIEW, Texas, Aug. 14, 2019 -- Friedman Industries, Incorporated, headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants.
  • 08/14/2019

United State Companies Are Suffering Because Of The Country's Current Stance On Cryptocurrency RegulationsCryptocurrency News Today – United State Companies Are Suffering Because Of The Country's Current Stance On Cryptocurrency Regulations - Cryptocurrency Latest Update  | Smartereum

  • Cryptocurrency News Today – Libra is an permissioned, centralized platform that plans to issue asset supported coins. According to the latest Libra news update, the Libra Association plans to give authorization to upwards of 100 members to manage and control Libra. This is an exclusive system with the Libra Association acting as a centralized mediator. […]
  • 08/08/2019

Friedman Industries May Rise 25% As Tariffs Drive Demand

  • 07/12/2019

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2019 Results

  • The coil product segment consists of the operations in Hickman and Decatur where the Company processes hot-rolled steel coils using temper mills and cut-to-length lines. The Company announced today its results of operations for the quarter and year ended March 31, 2019 (“fiscal 2019”). For the year ended March 31, 2019, the Company recorded net earnings of $5,099,924 ($0.73 diluted earnings per share) on sales of $187,154,493.
  • 07/02/2019

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year —…–9 Results

  • 07/02/2019

Friedman reports Q4 results

  • 07/01/2019

34 Stocks Moving In Monday's Pre-Market Session

  • 06/24/2019

Friedman declares $0.04 dividend

  • 06/19/2019

Krill Oil Research Report —…–9:: Global Trends , Information about Target Markets or Customers

  • 06/02/2019

Friedman declares $0.04 dividend

  • 03/19/2019

Friedman Announces Retirement Of President And CEO

  • 02/15/2019

Friedman Industries Late Wednesday Reported Q3 EPS $0.09 Up From $0.02 YoY, Sales $43.326M Up From $28.03M YoY

  • 02/15/2019

Friedman reports Q3 results

  • 02/15/2019

Friedman declares $0.06 dividend

  • 12/03/2018

Analysis: Positioning to Benefit within Dominion Energy Midstream Partners, LP, Blue Capital ...

  • 11/26/2018

Friedman Industries Inc. Q2 EPS $0.29 Up From $0.05 YoY, Sales $53.43M Up From $26.078M YoY

  • 11/14/2018

Friedman reports Q2 results

  • 11/14/2018

Friedman doubles the quarterly dividend to $0.06/share

  • 08/30/2018

Stocks Which Set New 52-Week High Yesterday, August 15th

  • 08/16/2018

Friedman Industries LAte Tuesday Reported Q1 EPS $0.50 Up From $0.02 YoY, Sales $48.2M Up From $23.083M YoY

  • 08/15/2018

Friedman reports Q1 results

  • 08/15/2018

Stocks Which Set New 52-Week High Yesterday, August 9th

  • 08/10/2018

Stocks Which Set New 52-Week High Yesterday, August 7th

  • 08/08/2018

Stocks Which Set New 52-Week Highs Friday, August 3rd

  • 08/06/2018

Friedman Industries: Q1 Earnings Should Provide A Major Catalyst For Near Term Share Appreciation

  • 07/11/2018

44 Biggest Movers From Friday

  • 07/02/2018

35 Stocks Moving In Friday's Mid-Day Session

  • 06/29/2018

Friedman Industries Q4 EPS $0.31 Up From $(0.06) YoY, Sales $43.96M Up From $21.056M YoY

  • 06/28/2018

Friedman declares $0.03 dividend

  • 06/06/2018

Friedman declares $0.02 dividend

  • 03/27/2018

Friedman Industries: A Good Value Play Even Without Trump Tariffs

  • 03/19/2018

Lone Star sells off 25 properties to LRC Group

  • Lone Star hotel group has closed a €676 million sale that involves the culling of many of its brands across the UK and Ireland
  • 03/18/2018

Friedman reports Q3 results

  • 02/14/2018

VNBTrust, National Association Buys Discovery Communications Inc, Manning & Napier Inc, ...

  • 01/11/2018

Do Cheap Stocks Still Exist?

  • 12/07/2017

Friedman declares $0.01 dividend

  • 12/06/2017

Friedman Industries Reports Q2 EPS $0.04 vs $(0.09) In Same Qtr. Last Year, Sales $26.078M vs $18.318M YoY

  • 11/13/2017

Companies Holding Shareholder Meetings Today Include Capstone Turbine, Cinedigm, Friedman Industries, IXYS, and Quantum

  • 08/31/2017

Friedman Industries Reports Q1 EPS $0.02 vs $(0.21) In Same Qtr. Last Year, Sales $23.083M vs $22.394M YoY

  • 08/14/2017

Oppenheimer & Close, LLC Buys Seacor Marine Holdings Inc, McEwen Mining Inc, Agnico Eagle ...

  • 08/11/2017

8-K from Friedman Industries Shows Mike Taylor Named Chair

  • 06/07/2017

' Magic Formula Stocks Ready to Move Up

  • 06/01/2017

Friedman Industries Reports Q3 EPS $(0.03) vs. YoY $0.07, Sales $15.98M vs. YoY $18.54M

  • 02/14/2017

Friedman declares $0.01 dividend

  • 12/02/2016

Friedman Industries Reports Q2 Loss $(0.09), Sales $18.32M

  • 11/14/2016

Friedman declares $0.01 dividend

  • 09/01/2016

Friedman Industries Reports Q1 EPS $(0.21) vs. Prior Year Quarter $0.08, Rev. $22.39M vs. Prior Year Quarter $23.968M

  • 08/15/2016

Friedman Industries REports Q4 EPS $(0.08) vs. Prior Year Quarter $(0.07), Rev. $15.94M vs. Prior Year Quarter $25.3M

  • 06/29/2016

Friedman declares $0.01 dividend

  • 06/03/2016

Friedman Industries Says Robert Sparkman Named COO

  • 04/01/2016

Forterra IPO: Brick maker eyes £450m London float | Invezz

  • Group’s private equity owner seeks to tap into building boom
  • 03/30/2016

Friedman Industries Reports Q4 EPS $0.07 Vs Prior $0.03, Sales $18.548M Vs Prior $23.553M

  • 02/16/2016

Friedman Reports Q2 EPS $(0.03) vs $(0.11) in Same Qtr. Last Year, Sales $23.166M vs $31.54M Last Year

  • 11/13/2015

Friedman declares $0.01 dividend

  • 08/28/2015

Beyond Portugal’s Golden Triangle

  • The Camerons are not the only ones enjoying the delights of the ‘real’ Algarve
  • 08/14/2015

Friedman Industries Reports Q1 EPS $0.08 vs. Prior Year Quarter $(0.02), Rev. $23.969M vs. Prior Year Quarter $27.904M

  • 08/13/2015

Friedman Industries Reports Q4 EPS $0.06, Sales $25.3M, no estimates

  • 06/11/2015

Friedman declares $0.01 dividend

  • 05/29/2015

Friedman Industries: A Classic Graham & Schloss Play

  • 05/20/2015

Friedman Industries Reduces Qtr. Dividend from $0.02 to $0.01/Share

  • 03/27/2015

Is Friedman Industries A Bargain?

  • 03/16/2015

Friedman Reports Q3 EPS of $0.03; Revenue of $23.6M

  • 02/13/2015

Friedman Industries Inc. Reports Q2 EPS of $0.11, Up Infinity% YOY; Revenue of $31.54M, Up 20% YOY

  • 11/12/2014

Friedman Industries Inc. Reports Q1 EPS of $(0.02), Down 117% YOY; Revenue of $27.91M, Down 6% YOY

  • 08/13/2014

Friedman Industries Inc. Reports Q4 EPS of $0.06; Revenue of $32.0M

  • 06/11/2014

Recycled Steel Impacts Swinging Sector

  • 09/22/2013

Friedman Industries Inc. Reports Q1 EPS of $0.12; Revenue of $29.60M

  • 08/13/2013

Why Friedman Industries Is My New Pick to Click

  • 07/24/2013

Friedman Industries Inc (FRD) President and CEO William E Crow sells 15,000 Shares

  • 02/20/2013

Friedman Industries Inc. Reports Q3 EPS of $0.17, Down 35% YOY; Revenue of $31.70M, Down 14% YOY

  • 02/12/2013

Friedman Industries: Book Value for Steel Is Too Expensive

  • 12/10/2012

Friedman Industries Announces Special Cash Dividend

  • 12/07/2012

Friedman Industries Inc Reports Operating Results (10-Q)

  • 11/13/2012

The Biggest Ex-Dividend Stocks of Oct. 17

  • 10/16/2012

Small Cap Industrial Stocks Manufacturing You Dividends: FRD, PLOW & NL

  • 09/17/2012

Basic Materials Sector Wrap

  • 08/14/2012

Friedman Industries Reports Q1 EPS $0.31; Revenues $39.4M

  • 08/13/2012

Five Potential Small-Cap Value Plays

  • 07/12/2012

Value Investor Improvement Tip #1: Settle for Cheap Enough

  • 05/17/2012

The Coming Energy Boom

  • 04/26/2012

Friedman Industries Inc Reports Operating Results (10-Q)

  • 02/10/2012

Friedman Industries Inc Reports Operating Results (10-Q)

  • 11/14/2011

Morning Market Movers

  • 06/28/2011

Top Iron and Steel Stocks to watch on 5/23/11- OSN, SUTR, SIM, SMS, SCHN, X, BOOM, CMC, CRS, GGB, STLD, WOR, AKS, TX…

  • 05/23/2011

Friedman Industries, Incorporated Announces Second Quarter EPS of $.26

  • 11/15/2010
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