Last $8.40 USD
Change Today +0.02 / 0.24%
Volume 11.2K
FRD On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

friedman industries (FRD) Snapshot

Open
$8.43
Previous Close
$8.38
Day High
$8.48
Day Low
$8.32
52 Week High
09/26/13 - $10.36
52 Week Low
02/5/14 - $7.87
Market Cap
57.1M
Average Volume 10 Days
7.4K
EPS TTM
$0.37
Shares Outstanding
6.8M
EX-Date
04/23/14
P/E TM
22.5x
Dividend
$0.08
Dividend Yield
3.10%
Current Stock Chart for FRIEDMAN INDUSTRIES (FRD)

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friedman industries (FRD) Details

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company purchases hot-rolled steel coils; processes the coils into flat, finished sheet, and plate; and sells these products on a wholesale basis, as well as processes customer-owned coils on a fee basis. It also manufactures, purchases, processes, and markets tubular products, including line and oil country pipes, as well as pipes for structural and piling purposes. The company offers its coil products and processing services primarily to steel distributors, and customers fabricating steel products, such as storage tanks, steel buildings, farm machinery and equipment, construction equipment, transportation equipment, conveyors, and other similar products; and tubular products principally to steel and pipe distributors, and piling contractors through its own sales force. Friedman Industries, Incorporated was founded in 1965 and is based in Houston, Texas.

100 Employees
Last Reported Date: 06/13/13
Founded in 1965

friedman industries (FRD) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $359.3K
Vice President
Total Annual Compensation: $298.7K
Senior Vice President of Sales and Marketing
Total Annual Compensation: $298.7K
Compensation as of Fiscal Year 2013.

friedman industries (FRD) Key Developments

Friedman Industries, Incorporated Declares Cash Dividend, Payable on May 23, 2014

The Board of Directors of Friedman Industries, Incorporated declared on March 21, 2014, a cash dividend of $0.02 per share on the common stock of the company. The company will pay the cash dividend on May 23, 2014, to shareholders of record at the close of business on April 25, 2014.

Friedman Industries, Incorporated Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Friedman Industries, Incorporated announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company announced net sales of $28,274,696 compared to $31,719,922 for the same period a year ago. Earnings before income taxes were $740,293 compared to $1,716,301 for the same period a year ago. Net earnings were $487,468 compared to $1,150,058 for the same period a year ago. Net earnings per share, basic and diluted was $0.07 compared to $0.17 for the same period a year ago. For the nine months, the company announced net sales of $84,167,208 compared to $104,488,762 for the same period a year ago. Earnings before income taxes were $1,942,499 compared to $7,286,206 for the same period a year ago. Net earnings were $1,323,486 compared to $4,886,241 for the same period a year ago. Net earnings per share, basic and diluted was $0.19 compared to $0.72 for the same period a year ago.

Friedman Industries, Incorporated Announces Construction of Pipe-Finishing Facility

On January 17, 2014, Friedman Industries, Incorporated purchased approximately 25 acres of land in Lone Star, Texas, in close proximity to the location of the company's Texas Tubular Products Division. During the quarter ending March 31, 2014, the company expects to purchase an additional 15 acres adjacent to this newly-purchased land. For each of these land transactions, each of the sellers is an affiliate of United States Steel Corporation. One of the sellers, U.S. Steel Tubular Products Inc., is also the company's primary supplier of tubular products and coil material used in pipe manufacturing and is a major customer of the Company's finished tubular products, as disclosed in the company's other periodic reports. The Company has begun the initial stages of construction of a pipe-finishing facility on the acreage already purchased. The Company's management estimates that construction of the facility, including yard improvements, buildings and equipment, will cost approximately $9.2 million. The Company plans to finance the project from internal sources. The Company anticipates that the pipe-finishing facility will operate as part of TTP, which currently operates two pipe mills that produce Electric Resistance Welded pipe ranging in size from 2 (3) /(8) ' O.D. to 8 (5) /(8) ' O.D.

 

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Industry Analysis

FRD

Industry Average

Valuation FRD Industry Range
Price/Earnings 22.2x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 22.2x
TEV/Sales 0.3x
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