OverviewSuggest Edit

Friedman Industries is a corporation engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and tubular products. Friedman Industries purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate and sells these products on a wholesale basis. Through its Texas Tubular Products Division the Company manufactures, purchases, processes and markets tubular products (pipe).
TypePublic
Founded1965
HQLongview, TX, US
Websitefriedmanindustries.com

Latest Updates

Employees (est.) (Mar 2019)104(+17%)
Revenue (FY, 2020)$142.1 M(-24%)
Share Price (Nov 2021)$14.1(+2%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Friedman Industries

Robert McCain

Robert McCain

Vice President of Operations – Decatur Facility (Employee Since 1976)
Howard Henderson

Howard Henderson

Vice President of Operations – Texas Tubular Products (Employee Since 1995)
Show more

Friedman Industries Office Locations

Friedman Industries has offices in Longview, Decatur and Lone Star
Longview, TX, US (HQ)
1121 Judson Rd #124
Decatur, AL, US
1468 Northpark Dr NW
Lone Star, TX, US
3681 FM250
Show all (3)

Friedman Industries Financials and Metrics

Friedman Industries Revenue

Embed Graph
View revenue for all periods
Friedman Industries's revenue was reported to be $142.1 m in FY, 2020
USD

Revenue (Q3, 2021)

28.5m

Gross profit (Q3, 2021)

4.5m

Gross profit margin (Q3, 2021), %

15.8%

Net income (Q3, 2021)

2.1m

EBIT (Q3, 2021)

2.8m

Market capitalization (12-Nov-2021)

96.6m

Closing stock price (12-Nov-2021)

14.1

Cash (31-Dec-2020)

16.5m

EV

80.5m
Friedman Industries's current market capitalization is $96.6 m.
USDQ1, 2012

Financial Leverage

1.2 x
Show all financial metrics

Friedman Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Friedman Industries Online and Social Media Presence

Embed Graph

Friedman Industries Company Culture

  • Compensation

    A+

    100/100

Learn more on Comparably

Friedman Industries News and Updates

Friedman Industries, Incorporated Announces Second Quarter Results and Sinton, Texas Facility Update

LONGVIEW, Texas, Nov. 19, 2021 (GLOBE NEWSWIRE) -- The Company announced today its results of operations for the fiscal second quarter. For the quarter ended September 30, 2021 (the “2021 quarter”), the Company recorded net earnings of $13,177,614 ($1.91 diluted earnings per share) on sales of $92…

Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2021 Results

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

Friedman Industries Provides Fourth Quarter Earnings Guidance and Announces New Sinton Facility

LONGVIEW, Texas, May 25, 2021 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American: trading symbol FRD), a manufacturer and processor of steel products, today announced guidance for its fiscal fourth quarter ending March 31, 2021, and announced plans for a new facility in Sinton,…

Friedman Industries, Incorporated Announces Share Repurchase Program and Fourth Quarter and Fiscal Year 2020 Results

LONGVIEW, Texas, June 29, 2020 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated announced today a share repurchase program authorized by the Board of Directors on June 25, 2020 under which the Company may repurchase up to 1,062,067 shares of the Company’s outstanding common stock through June…

Friedman Industries, Incorporated Announces Third Quarter Results

LONGVIEW, Texas, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated, headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama and Lone Star, Texas. The Company has two reportable segments; coil…
Show more

Friedman Industries Frequently Asked Questions

  • When was Friedman Industries founded?

    Friedman Industries was founded in 1965.

  • Who are Friedman Industries key executives?

    Friedman Industries's key executives are Robert McCain and Howard Henderson.

  • How many employees does Friedman Industries have?

    Friedman Industries has 104 employees.

  • What is Friedman Industries revenue?

    Latest Friedman Industries annual revenue is $142.1 m.

  • What is Friedman Industries revenue per employee?

    Latest Friedman Industries revenue per employee is $1.4 m.

  • Who are Friedman Industries competitors?

    Competitors of Friedman Industries include Klockner, Advantage Metal Products and Zhejiang Guanyu Steel Tube.

  • Where is Friedman Industries headquarters?

    Friedman Industries headquarters is located at 1121 Judson Rd #124, Longview.

  • Where are Friedman Industries offices?

    Friedman Industries has offices in Longview, Decatur and Lone Star.

  • How many offices does Friedman Industries have?

    Friedman Industries has 3 offices.