Friedman Industries Incorporated Stock News

Investors often jump into expensive stocks that have strong momentum and grand underlying businesses. However, these stocks can underperform the broader market or even return losses if your entry poin

The company booked a $4 million comprehensive income in Q2 FY23 thanks to a prudent hedging strategy and the strong performance of its tubular division. With HRC steel prices falling, inventories and

The company recently bought two coil processing facilities from Plateplus for $63.8 million in cash and 516,041 shares, and this should more than double its production. The deal also includes steel in

FRD is a downstream steel producer, meaning a company that buys steel coil from big mills and processes it according to final customer requirements.

The company closed H1 FY22 with a net profit of $24.5 million thanks to high steel prices. The last time the company had unusually high earnings, it distributed a special dividend. I expect the same t

LONGVIEW, Texas, Dec. 14, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the Board) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 14, 2021, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 11, 2022 to shareholders of record at the close of business on January 14, 2022. This dividend marks the Companys 200th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) CEO Mike J. Taylor acquired 2,000 shares of Friedman Industries stock in a transaction that occurred on Monday, November 29th. The shares were purchased at an average cost of $11.04 per share, with a total value of $22,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, []

Friedman Industries (NYSEAMERICAN:FRD) announced its earnings results on Friday. The company reported $1.91 earnings per share for the quarter, reports. Friedman Industries had a net margin of 15.68% and a return on equity of 49.60%. The firm had revenue of $92.57 million during the quarter. Shares of NYSEAMERICAN FRD traded down $1.43 on Monday, reaching []

LONGVIEW, Texas, Sept. 10, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing

LONGVIEW, Texas, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The Company announced today its results of operations for the fiscal first quarter. For the quarter ended June 30, 2021 (the “2021 quarter”), the

Reports most profitable quarter and second most profitable fiscal year in Company history Reports most profitable quarter and second most profitable fiscal year in Company history

LONGVIEW, Texas, June 28, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing

Last year I wrote about Friedman Industries Inc. ( FRD , Financial) - A debt-free steel value-added reseller selling at a rock-bottom price. The stock was at $4.24.

LONGVIEW, Texas, March 24, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing