37.57
+4.36%
Close of 9 Nov 2026, in USD
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About Friedman Industries
From its filings with the US Securities and Exchange Commission
Friedman Industries is based in Longview, Texas and is incorporated in Texas. Its shares trade on Nasdaq under the ticker FRD. The SEC classifies its business as steel works, blast furnaces & rolling & finishing mills. In the fiscal year to 31 March 2025, it reported revenue of $444.6m and net income of $6.1m. At that date it held total assets of $226.8m and shareholders' equity of $132.4m.
The flat-roll product segment consists of flat-roll processing facilities located in Hickman, Arkansas; Decatur, Alabama; Miami, Florida; East Chicago, Indiana; Granite City, Illinois and Sinton, Texas and a flat-roll distribution facility located in Orlando, Florida. The Hickman, Granite City and East Chicago facilities operate temper mills and cut-to-length lines. The Decatur and Sinton facilities operate stretcher leveler cut-to-length lines. The Miami facility operates a corrective leveling cut-to-length line and a coil slitting line. The processing equipment improves the quality of the material and cuts the material into sheet, plate or slit coil. On a combined basis, the facilities are capable of cutting sheet and plate with thicknesses ranging from 30 gauge to 1” thick in widths ranging from 11” wide to 96” wide. The flat-roll segment is able to produce slit coil with thickness ranging from 32 gauge to 10 gauge in widths ranging from 1/2" wide to 60" wide. The Granite City facility also operates a fiber laser which further processes flat-roll sheet and plate into customer parts. The vast majority of flat-roll product segment revenue is generated from sales of Company owned inventory but the segment also generates revenue from the processing or storage of customer owned material on a fee basis.
Quoted from its 10-K, filed 11 Jun 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 15 Mar 1972
- Employees
- 271
- Website
- friedmanindustries.com ↗
- Head office
- 1121 JUDSON RD, LONGVIEW, TX, 75601
- Incorporated in
- TX
- Classification
- Steel Works, Blast Furnaces & Rolling & Finishing Mills
- Filer status
- Accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Michael TaylorChairman of the Board, President, Chief Executive Officer, since 2016$700,734
- Mr. Alex LarueChief Financial Officer, Treasurer, Secretary$365,704
- Mr. Gaurav ChhibbarChief Operating Officer
- Dr. Durga AgrawalIndependent Director$46,000
- Mr. Michael HansonIndependent Director$3,000
- Mr. Max ReichenthalIndependent Director$55,000
- Ms. Sandra ScottIndependent Director$46,000
- Mr. Tim StevensonIndependent Director$55,000
- Ms. Sharon TaylorIndependent Director$58,000
- Mr. Joe WilliamsIndependent Director$46,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Friedman Industries Inc has strong financial performance and stability, allowing the company to navigate through economic challenges.
- The company maintains a diversified product line, enabling it to cater to a wide range of customers and industries.
- Friedman Industries Inc has a well-established brand reputation, recognized for its quality products and customer service.
Weaknesses
- Friedman Industries Inc heavily relies on a few key customers for a significant portion of its revenue, creating a dependence risk.
- The company faces cost pressures due to fluctuating raw material prices, which could affect its profitability.
- Friedman Industries Inc may lack technological advancements in comparison to its competitors, limiting its competitiveness in the market.
Opportunities
- The growing demand for steel in various sectors presents an opportunity for Friedman Industries Inc to expand its customer base and increase sales.
- Expanding into international markets can provide the company access to new customers and potentially higher profits.
- Investing in research and development can lead to innovative product offerings, setting the company apart from its competitors.
Threats
- The steel industry faces intense competition, and Friedman Industries Inc must continuously adapt and differentiate itself to stay competitive.
- Fluctuating global steel prices and trade policies may impact the company's financial performance and market position.
- Changes in regulations and environmental standards could increase compliance costs for Friedman Industries Inc.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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