FRIEDMAN INDUSTRIES INC Overview
Industry: Steel
Sector: Basic Materials
Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. Its principal customers for these products and services are steel distributors and customers manufacturing steel products, such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts and other fabricated steel products. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. This segment sells its tubular products principally to steel and pipe distributors through its own sales force. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas. Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate s Read MoreMavefund brings filings, fundamentals, valuation, price history and news for FRIEDMAN INDUSTRIES INC into one research view. The sections below show what strengthens or weakens the research case.
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Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Net sales was $240M (+78% YoY). Net income was $12.8M (+154% YoY). Adjusted EBITDA was $19.3M.
What changed
- Net sales +78% YoY to $240M.
- Net income +154% YoY to $12.8M.
Guidance / outlook
The Company expects second quarter sales volumes to be comparable to first quarter volumes and anticipates sequential improvement in sales margins driven by increases in average selling prices during the second quarter.
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
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Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Form 8K Friedman Industries Inc For: 6 August By Investing.com
Headline from Investing.com Canada: Form 8K Friedman Industries Inc For: 6 August By Investing.com.
Form 8K Friedman Industries Inc For: 6 August
Headline from Investing.com India: Form 8K Friedman Industries Inc For: 6 August.
Friedman Industries, Incorporated Announces First Quarter Results
Headline from Yahoo Finance: Friedman Industries, Incorporated Announces First Quarter Results.
FRD 8-K & SEC Filings
Headline from Yahoo Finance: FRD 8-K & SEC Filings.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.