Friedman Industries, Incorporated
NASDAQ Global SelectCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Michael J. Taylor
- Full Time Employees
- 381
- Sector
- Basic Materials
- Industry
- Steel
- Address
- 1121 Judson Road Longview TX United States of America 75601
- IPO Date
- Mar 17, 1980
- CIK
- 0000039092
- Website
- friedmanindustries.com
- Similar Companies
- Business
- Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States, operating primarily through two segments: Flat-Roll Products and Tubular Products. The Flat-Roll Products segment operates seven coil processing facilities offering services including temper passing, stretcher leveling, slitting, and cut-to-length processing for a wide range of products such as hot-rolled coil (HRC), cold-rolled coil (CRC), coated, pre-painted, stainless steel, aluminum, and various non-ferrous materials. Key locations include facilities in Hickman, Arkansas; Decatur, Alabama; Miami, Florida; East Chicago, Indiana; Granite City, Illinois; and Sinton, Texas, with extensive inventories and just-in-time delivery capabilities. The Tubular Products segment, operating under the trade name Texas Tubular Products and headquartered in Lone Star, Texas, manufactures API 5L Line Pipe, ASTM A53B Pipe, and ASTM A500B Pipe on two electric resistance welded (ERW) pipe mills. Founded in 1965 and headquartered in Longview, Texas, Friedman Industries serves customers manufacturing steel products, steel distributors, and pipe distributors across North America. In August 2025, the company completed a strategic acquisition of Century Metals and Supplies, Inc., a Miami-based company with distribution facilities in Orlando and Tampa, Florida. This acquisition expanded Friedman’s presence in the southeastern U.S. and Latin American markets, adding coil slitting capabilities and broadening its product portfolio to include cold-rolled, coated, stainless steels, and non-ferrous metals such as aluminum and copper. Century Metals continues to operate as a wholly-owned subsidiary with its management team intact. This move diversifies Friedman’s offerings and enhances its competitive positioning in growing markets such as residential construction and corrosion-resistant materials. Recent operational enhancements include a $1.9 million processing line upgrade at the Decatur, Alabama facility in 2024, enhancing capacity and efficiency. Leadership changes include the appointment of Gaurav Chhibbar as Chief Operating Officer in July 2025, bringing extensive experience in operations, strategy, and corporate finance from prior roles at Boston Consulting Group and Cargill Inc. The company reported record quarterly sales of $152.4 million in Q3 2025, with net earnings of $2.2 million and a sales volume record of 154,500 tons with an additional 24,500 tons of toll processing. These results reflect successful capacity utilization improvements and integration progress from recent acquisitions, positioning Friedman Industries for sustainable growth and enhanced market presence in steel service center operations.
Friedman Industries, Incorporated Announces First Quarter Results
Friedman Industries (NASDAQ:FRD) Trading Down 1.3% – Time to Sell?
Friedman Stock Gains 89% in 3 Months: What's Driving the Rally?
Friedman Industries, Incorporated Announces Cash Dividend
Friedman Industries Stock Gains Post Q4 Earnings, Sales Surge
Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2026 Results
Friedman Industries, Incorporated Announces Cash Dividend
Friedman Industries Announces Expansion of Sinton, Texas Facility and New Fabrication Capabilities
Analyzing Mueller Industries (NYSE:MLI) and Friedman Industries (NASDAQ:FRD)
The Zacks Analyst Blog Visa, Chevron, Toyota and Friedman
Friedman Stock Declines Post Q3 Earnings Despite Sales Surge
Friedman Industries, Incorporated Announces Third Quarter Results
Friedman Industries (NYSEAMERICAN:FRD) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?
Friedman Industries (NYSEAMERICAN:FRD) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?
Triple-Digit Returns: Examining Benzinga's Watchlist For 2025
Friedman Industries (NYSEAMERICAN:FRD) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?
Friedman Industries, Incorporated Announces Cash Dividend
Friedman Upgraded to Outperform on Synergies, BV Value & Capacity
Comparing AB SKF (OTCMKTS:SKFRY) & Friedman Industries (NASDAQ:FRD)
Friedman Stock Declines Despite Strong Q2 Earnings and Century Deal