Friedman Inds Stock Price, News & Analysis

Friedman Industries (NASDAQ:FRD) has announced the acquisition of Century Metals and Supplies, Inc. in an all-cash transaction. Century Metals, based in Miami, Florida, has generated average annual revenues of $111.0 million over the past three fiscal years.

The acquisition includes working capital, buildings, processing equipment, real estate, and leased facilities in Orlando and Tampa. Century Metals will continue operating as a wholly-owned subsidiary of Friedman, with its current management team remaining in place.

This strategic move expands Friedman's presence in the southeastern U.S. and Latin American markets, while adding new capabilities including coil slitting and broadening their product portfolio to include cold-rolled, coated, and stainless steels, as well as non-ferrous materials. The transaction is expected to be immediately accretive.

Friedman Industries (NASDAQ/GS: FRD) reported strong financial results for Q1 fiscal 2025. The company achieved net earnings of $5.0 million ($0.71 per diluted share) on net sales of $134.8 million, compared to $2.6 million ($0.37 per diluted share) on sales of $114.6 million in the prior year quarter.

Key highlights include a 12% year-over-year increase in tons sold, with total sales volume reaching 141,500 tons plus 19,000 tons of toll processing. The company generated operating cash flow of $15.5 million and reduced debt by $14.7 million. The flat-roll segment contributed $124.1 million in sales with operating earnings of $8.8 million, while the tubular segment recorded $10.7 million in sales with $1.3 million in operating earnings.

Management expects slightly higher sales volume in Q2 FY2026 but anticipates lower margins due to softening HRC prices.

Friedman Industries (NASDAQ/GS: FRD) has appointed Gaurav Chhibbar as its new Chief Operating Officer, effective July 10, 2025. Chhibbar brings significant experience from his roles at Boston Consulting Group, Metal Edge Partners, and Cargill Inc., with expertise in operations excellence, strategy, corporate finance, and M&A due diligence.

The new COO holds an MBA from The University of Chicago Booth School of Business, a Master of International Business from the Indian Institute of Foreign Trade, and a Bachelor of Engineering from Panjab University. CEO Michael Taylor expressed confidence that Chhibbar's leadership and combined business and steel industry knowledge will enhance operational efficiency.

Friedman Industries (NASDAQ: FRD), a leading manufacturer and processor of steel products, has been added to the Russell 3000® Index and Russell 2000® Index as part of the 2025 Russell indexes reconstitution, effective June 30, 2025.

The inclusion follows the company's strategic move to list on Nasdaq in April 2025. According to Michael Taylor, President and CEO, this milestone aligns with Friedman's efforts to enhance market visibility and attract investor capital to support growth and long-term equity value.

The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Membership in the Russell 3000® Index automatically includes FRD in the small-cap Russell 2000® Index and corresponding growth and value style indexes.

Friedman Industries (NASDAQ/GS: FRD), a Texas-based company specializing in steel processing, pipe manufacturing, and distribution, has declared a quarterly cash dividend of $0.04 per share. The dividend will be paid on August 8, 2025, to shareholders of record as of July 18, 2025.

This marks FRD's 214th consecutive quarterly dividend since its public listing in 1972. The company's Board of Directors reviews dividends quarterly, aiming to maintain stable payments that can be potentially increased as financial conditions permit.

Friedman Industries (FRD) reported Q4 FY2025 net earnings of $5.3M ($0.76 EPS) on sales of $129.2M, with record-breaking sales volume up 28% QoQ and 5% YoY. For FY2025, net earnings were $6.1M ($0.87 EPS) on sales of $444.6M, down from FY2024's $17.3M earnings on $516.3M sales. The company achieved stable annual sales volume of 500,000 tons despite challenges. Steel prices increased 35% in Q4, improving margins after three difficult quarters. The Sinton, Texas facility reached full capacity with highest profit margins among all facilities. The company's hedging strategy yielded $7.6M in gains for FY2025, helping offset price volatility. Management expects slightly lower Q1 FY2026 volume due to equipment downtime but anticipates improved margins.

Friedman Industries (FRD), a leading steel products manufacturer and processor, has announced its decision to transfer its common stock listing from NYSE American to the Nasdaq Global Select Market. The transition will take effect on April 8, 2025, with the company retaining its symbol 'FRD'. Trading on NYSE American will continue until market close on April 7, 2025.

According to CEO Michael Taylor, this strategic move aims to enhance market visibility and attract increased investor capital. The company expects the Nasdaq listing to potentially improve trading liquidity and expand institutional ownership while supporting Friedman's objective of building long-term equity value.

Friedman Industries (NYSE American: FRD), a Texas-based company specializing in steel processing, pipe manufacturing, and steel and pipe distribution, has announced a quarterly cash dividend of $0.04 per share. The dividend will be paid on May 23, 2025, to shareholders of record as of April 25, 2025.

This marks FRD's 213th consecutive quarterly dividend since its public listing in 1972. The Board of Directors reviews dividends quarterly, aiming to maintain stable payments with potential periodic increases based on the company's financial position and operations. The dividend decision considers various factors including financial condition, operating results, cash needs, and growth plans.

Friedman Industries (NYSE American: FRD) reported Q3 fiscal 2024 results with sales of $94.1 million and a net loss of $1.2 million ($0.17 loss per share), compared to net earnings of $1.2 million ($0.16 earnings per share) on sales of $116.0 million in Q3 2023.

The company faced challenging conditions with industry-wide pricing pressure and reduced sales volume due to political uncertainty and holidays. However, sales order activity increased following the presidential election, with quarter-end sales backlog volume up 11% year-over-year. The flat-roll segment recorded operating profits of $1.3 million on sales of $86.1 million, while the tubular segment posted a $0.2 million operating loss on sales of $7.9 million.

The company maintains a strong financial position with working capital of $107 million and generated operating cash flow of $2.7 million during the quarter, reducing debt by 9%.