Friedman Industries, Incorporated (X36)
XFRA 
Summary
Friedman Stock Gains 89% in 3 Months: What's Driving the Rally?
FRD is benefiting from record sales volumes and Century Metals gains, but steel price volatility and supplier dependence remain challenges.
Friedman Industries Stock Gains Post Q4 Earnings, Sales Surge
FRD's fourth-quarter fiscal 2026 results benefit from stronger earnings, higher sales, record volumes and margin momentum tied to pricing and Century integration.
Friedman Stock Declines Post Q3 Earnings Despite Sales Surge
FRD swings to a profit in third-quarter fiscal 2026 as surging sales, stronger pricing and the Century acquisition lift results and set up expectations for firmer margins ahead.
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Friedman Industries, Incorporated Profile
| Metals & Mining Industry | Materials Sector | Michael J. Taylor CEO | XFRA Exchange | 358435105 CUSIP |
| US Country | 381 Employees | 17 Jul 2026 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.
