Friedman Industries, Incorporated (FRD)

Friedman Industries' stock has been impacted by the acquisition of Century Metals & Supplies, which expanded its product portfolio and geographic reach. The company announced strong Q2 2026 results, reporting net earnings of $2.2 million on sales of $152.4 million. Friedman Industries declared quarterly cash dividends of $0.04 per share on September 18, 2025, and again on December 16, 2025. The company enhanced its credit agreement with a sixth amendment on December 15, 2025. The CEO, Mike J. Taylor, purchased $38,000 in stock on November 25, 2025, and Director Sandra Kay Scott bought $20,160 in stock on December 2, 2025. Friedman Industries' share price crossed above its 200-day moving average of $19.77, trading as high as $20.85, with a 29% total shareholder return over the past year.

The hot-rolled coil processing business is considered non-seasonal. However, the company's financial performance is dependent on hot-rolled coil steel prices, which have experienced a "whipsaw effect" in the past but have been moderating over the last year.

Friedman Industries, Inc. is a United States-based steel processing company operating in two segments: Flat-Roll Products and Tubular Products. The Flat-Roll Products segment processes hot-rolled steel coils into sheets and plates, while the Tubular Products segment manufactures electric resistance welded pipe. The company serves customers manufacturing steel products, and steel and pipe distributors.

Friedman Industries, Inc. primarily operates and serves customers within the United States, particularly in the Midwestern, Southwestern, and Southeastern regions. The Flat-Roll Product segment has operations in Hickman, Decatur, East Chicago, Granite City, and Sinton, while the Tubular Product segment's operations are located in Lone Star, Texas. The company also has a Miami, Florida location that provides slitting and cut-to-length services.

Over the past year, sentiment around Friedman Industries has been positive, reflected in a 29% total shareholder return. The company's decision to transfer its listing to Nasdaq was intended to enhance its visibility in the capital markets and attract more investor capital. The company has also maintained profitability despite a revenue decline in the twelve months leading up to March 2025.

Institutional owners hold 54% of Friedman Industries, Inc., totaling 4,319,291 shares. Individual insiders own 6.25% of the company, totaling 444,334 shares. A major shareholder group associated with Tontine Asset Associates and Jeffrey L. Gendell reduced its beneficial ownership to 4.9% of Friedman Industries' outstanding common stock.