Friedman Industries, Incorporated (FRD)

In the past six months, Friedman Industries' stock price has been impacted by several events. Second-quarter results were announced with a -5.83% change. A cash dividend was announced, leading to a +1.42% change. Third-quarter results reported net earnings of $3.0 million on sales of $168.0 million, resulting in a +7.90% change. The expansion of the Sinton, Texas facility and new fabrication capabilities led to a +2.32% change. Another cash dividend resulted in a -0.39% change. CEO Michael J. Taylor reported purchasing shares of common stock.

The provided information does not explicitly detail the demand seasonality for Friedman Industries' products and services. The steel service center business is cyclical, with profitability dependent on metal spreads and end-market demand. Demand for their products can fluctuate based on broader economic conditions and specific industry cycles rather than strict seasonal patterns. The company serves industries such as truck & trailer, heavy equipment, energy storage & tanks, and API/ASTM tubular products, which may have their own demand cycles.

Friedman Industries, Inc. is a Texas-based manufacturer and processor of steel products, publicly traded since 1972. It operates through two segments: Flat-Roll Products, which processes steel coils into sheets and plates, and Tubular Products, which manufactures Electric Resistance Welded pipe. The company serves industrial customers, steel distributors, fabricators, and companies requiring processed steel or large-diameter pipe.

Friedman Industries operates multiple plants and facilities across the United States. The Flat-Roll Products segment has operations in Arkansas, Alabama, Indiana, Illinois, Texas, and Florida. The Tubular Products segment's operations are located in Lone Star, Texas. Additionally, the company has distribution and warehouse facilities in Orlando and Tampa, Florida. The company primarily serves the midwestern, southwestern, and southeastern United States and expanded its reach into the southeastern U.S. and Latin American markets through the acquisition of Century Metals and Supplies, Inc.

Information specifically detailing Friedman Industries' brand reputation is not readily available. Employee reviews from July 2025 indicate mixed sentiments, with some positive aspects like a clear sense of purpose and good company culture, but also areas for improvement in pay and benefits, job security and advancement, management, and an inclusive work environment. Some reviews mention a negative work environment and stagnant wages.

As of May 5, 2026, Friedman Industries has 57 institutional owners holding 3,762,865 shares, accounting for approximately 43% to 52.65% of the company's shares. Individual investors hold around 45% to 66.44%, and insiders own approximately 5.47% to 15.60% of the stock. Major institutional owners include Dimensional Fund Advisors LP, De Lisle Partners LLP, and Vanguard Group Inc. Key individual owners include Michael Taylor (CEO) and Jack 2. Friedman.