Friedman Industries
Processes flat-roll steel and makes welded pipe across a U.S. operating network.
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Profile
Processes metal coil into sheet, plate and slit coil, and makes and distributes welded pipe. The business pairs its flat-roll and tubular products segments with a U.S. processing and distribution network.
Processes metal coil into sheet, plate and slit coil through its flat-roll products segment, while its tubular products segment manufactures electric-resistance-welded pipe and distributes pipe through Texas Tubular Products. The work spans processing, distribution and pipe production for steel-product makers and steel and pipe distributors.
Operations are concentrated in the United States, with coil-processing sites across multiple states and Florida operations expanded by Century Metals. Temper-mill, cut-to-length, stretcher-leveler, corrective-leveling and slitting capabilities shape the flat-roll network. Demand for processed coil, pipe and related distribution services, together with utilization of geographically distributed processing equipment, shapes the business.
Company facts
Key statistics
Year to date +116% · Average volume (30d) 84.3K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q1 FY27 | — | $1.79 | — | — | $240.0M | — | +16.41% |
| Jun 11, 2026Q4 FY26 | — | $1.30 | — | — | $191.8M | — | +31.61% |
| Feb 9, 2026Q3 FY26 | — | $0.43 | — | — | $168.0M | — | +7.90% |
| Nov 10, 2025Q2 FY26 | — | $0.32 | — | — | $152.4M | — | −5.83% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $129.2M | $134.8M | $152.4M | $168.0M | $191.8M | $240.0M | |
| Gross profit | $17.3M | $19.7M | $17.2M | $19.3M | $21.6M | $42.3M | |
| Operating income | $5.7M | $7.0M | $2.9M | $3.9M | $11.8M | $21.0M | |
| Net income | $5.3M | $5.0M | $2.2M | $3.0M | $9.2M | $12.5M | |
| Diluted EPS | $0.76 | $0.71 | $0.32 | $0.43 | $1.30 | $1.79 | |
| Gross margin | 13.4% | 14.7% | 11.3% | 11.5% | 11.2% | 17.6% | |
| Operating margin | 4.4% | 5.2% | 1.9% | 2.3% | 6.2% | 8.8% |
Fiscal years (4-quarter sums)FY22 $285.2M · FY23 $547.5M · FY24 $516.3M · FY25 $444.6M · FY26 $646.9M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $5.0M · Total debt $101.3M · Total assets $373.4M · Shareholders' equity $164.2M
Dividends
Raised for 5 straight years — most recently to $0.04 from $0.02 in Apr 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 17, 2026 | Jul 17 | Aug 7 | $0.04 | |
| Apr 24, 2026 | Apr 24 | May 22 | $0.04 | |
| Jan 16, 2026 | Jan 16 | Feb 13 | $0.04 | |
| Oct 24, 2025 | Oct 24 | Nov 14 | $0.04 | |
| Jul 18, 2025 | Jul 18 | Aug 8 | $0.04 | |
| Apr 25, 2025 | Apr 25 | May 23 | $0.04 | |
| Jan 17, 2025 | Jan 17 | Feb 14 | $0.04 | |
| Oct 25, 2024 | Oct 25 | Nov 15 | $0.04 |
Ownership
Shares outstanding 7.21M · Float 6.64M · 92.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dimensional Fund Advisors LP | 541.7K | 7.51% | 13F | May 7, 2026 |
| De Lisle Partners LLP | 419.8K | 5.82% | 13F | May 13, 2026 |
| BlackRock, Inc. | 394.9K | 5.60% | 13G | Jul 28, 2026 |
| Gendell Jeffrey L | 354.6K | 4.92% | 13F | May 15, 2026 |
| Renaissance Technologies LLC | 331.3K | 4.59% | 13F | May 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 18, 2026 | Gaurav Chhibbar | officer: Chief Operating Officer | +400 | $16.94 |
| Mar 9, 2026 | Mike J. Taylor | director, officer: President / CEO / Director | +500 | $18.00 |
| Mar 3, 2026 | Mike J. Taylor | director, officer: President / CEO / Director | +400 | $18.00 |
| Feb 23, 2026 | Mike J. Taylor | director, officer: President / CEO / Director | +100 | $18.00 |
| Feb 19, 2026 | Gaurav Chhibbar | officer: Chief Operating Officer | +1,000 | $18.35 |
Peers
- Reliance
Large U.S. metals service-center network with value-added processing
- Worthington Steel
Independent carbon flat-roll processor with high-specification finishing
- Tenaris (ADR)
ERW OCTG and line-pipe producer in the same 2⅜–8⅝-inch range
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Friedman Industries | $44.37 | +1.51% | $315.3M | 11.4 | — | 0.4 | +78.1% |
| Reliance | $388.00 | +0.13% | $19.79B | 22.5 | 16.1 | 1.3 | +26.5% |
| Worthington Steel | $34.06 | 0.00% | $1.74B | 97.3 | 9.3 | 0.5 | +11.6% |
| Tenaris (ADR) | $54.10 | +0.26% | $28.96B | 14.7 | 14.0 | 2.3 | −5.1% |
| Median | 22.5 | 14.0 | 1.3 | +11.6% |