Friedman Industries, Incorporated (FRD)
NASDAQ (NGS) NASDAQ (NGS) Primary 
XFRA Summary
Friedman Stock Declines Despite Strong Q2 Earnings and Century Deal
FRD reports record second-quarter fiscal 2026 sales and stronger earnings driven by flat-roll growth and the Century Metals acquisition.
Friedman Industries Stock Gains Following Strong Q1 Earnings Results
FRD delivers robust first-quarter fiscal 2026 results with rising sales, stronger margins and a sharp swing to profitability in key segments.
Friedman Already Operates At Full Capacity But Low Margins
Friedman Industries' margins remain flat despite Sinton running at full capacity, with no meaningful profitability improvement in 1Q25. Volume growth and higher hot rolled coil prices are positives, but margin pressure persists amid weak US economic expectations. Tariffs offer minimal benefit to Friedman, and a recession could further dampen demand and margins in this cyclical business.
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Friedman Industries, Incorporated Profile
| Metals & Mining Industry | Materials Sector | Michael J. Taylor CEO | NASDAQ (NGS) Exchange | 358435105 CUSIP |
| US Country | 268 Employees | 24 Oct 2025 Last Dividend | 26 Apr 2000 Last Split | 17 Mar 1992 IPO Date |
Overview
Friedman Industries, Incorporated is a multifaceted entity operating in the steel industry within the United States. Since its incorporation in 1965, the company has grown to serve an important role in steel processing, pipe manufacturing and processing, as well as in the distribution of steel and pipe products. It strategically divides its operations into two primary segments: Coil and Tubular, each serving specific market needs and customer bases. Based in Longview, Texas, Friedman Industries has established a strong market presence primarily in the midwestern, southwestern, and southeastern regions of the United States, catering to a wide array of customers with its specialized products and services.
Products and Services
The Coil Segment:
- Steel Coil Conversion: This service involves the conversion of steel coils into flat sheet and plate steel according to customer specifications. It caters primarily to businesses requiring specific dimensions of steel sheets for various applications.
- Steel Coil Reselling: Besides processing, Friedman Industries also engages in the reselling of steel coils, offering a range of options for clients in need of steel materials for their production processes.
- Customer Owned Coil Processing: The company provides processing services on a fee basis for coils owned by customers, showcasing their flexible service options tailored to client needs.
The Tubular Segment:
- Line and Oil Country Pipes Manufacturing: This product line focuses on the production of pipes used in the oil and gas industry, such as line pipes for transporting oil and gas and oil country tubular goods (OCTG) used within drilling operations.
- Structural Pipe Manufacturing: Friedman Industries also manufactures pipes for structural applications, supporting construction and infrastructure projects with essential steel components.
Across both segments, Friedman Industries leverages its own sales force to distribute its products mainly to steel and pipe distributors, emphasizing its role as a key supplier to the steel product manufacturing and construction industries.
Contact Information
