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Friedman Industries Inc. FRD

Basic Materials — Steel
Dividend Champion (5y) Insider Buys (last 12m)
Growth Flags show if company had growth for consecutive years ,
Insider Buys alert about insiders buying in the last 12 month

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Insider Decisions

Total buys
0.12
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — 2 1 — 3 3 — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership
3.48%

Capital & Financial Ratios

Market Cap
301.35
Revenue
752.11
Net Income
27.29
Free Cash Flow
(7.19)
Net Debt
(1.54)
Current Ratio
2.90
Debt/Equity
0.02
P/E ratio
10.73
P/S ratio
0.38
P/B ratio
1.75
Past 5Y EPS Growth
26.85%
This Y EPS Growth
—
Next Y EPS Growth
—
Next 5Y EPS Growth
—
in millions of $

Dividends

Payout Ratio
0.03
Annual Dividend Rate
0.08
Annual Dividend Yield
0.48%
total individual payouts
2026 0.12
—
—
—
2025 0.16
—
—
—
—
2024 0.14
—
—
—
—
2023 0.08
—
—
—
—
2022 0.08
—
—
—
—
2021 0.08
—
—
—
—
2020 0.08
—
—
—
—
2019 0.16
—
—
—
—
2018 0.12
—
—
—
—
2017 0.04
—
—
—
—
2016 0.04
—
—
—
—
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2024 2025 2026 Q'26
Cash 2.89 3.69 2.45 5.03
Receivables 47.33 47.48 80.70 90.69
Inventory 115.80 113.69 172.22 191.08
Other 4.04 1.62 1.67 4.31
170.06 166.47 257.04 291.11
2024 2025 2026 Q'26
Payables 43.89 35.30 67.17 88.24
ST’ Debt — — — —
Other 7.68 2.09 8.70 8.23
54.11 38.32 76.15 100.32
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Jun Sep Dec Mar Year
’26 239.97 — — —
—
’26 134.78 152.38 167.97 191.78
646.91
’25 114.55 106.76 94.07 129.22
444.60
’24 137.30 130.75 115.97 132.23
516.25
’23 161.80 149.69 111.86 124.19
547.54
’22 65.92 92.57 51.66 75.09
285.24
’21 23.52 24.86 28.50 49.21
126.10
in millions of $

Operating Cash Flow

Jun Sep Dec Mar Year
’26 7.31 — — —
—
’26 15.49 0.44 (4.75) (2.63)
8.54
’25 (6.06) 10.78 2.70 (11.84)
(4.42)
’24 (4.58) (15.65) 21.25 3.96
4.98
’23 (21.34) 76.00 (10.55) 19.80
63.89
’22 2.12 (26.71) 1.65 9.54
(13.40)
’21 (2.06) 5.78 1.12 3.59
8.43
in millions of $

Free Cash Flow

Jun Sep Dec Mar Year
’26 5.14 — — —
—
’26 13.71 (2.02) (6.35) (3.96)
1.38
’25 (7.11) 9.94 2.35 (12.02)
(6.84)
’24 (5.03) (18.09) 19.36 2.94
(0.81)
’23 (24.16) 71.61 (11.64) 11.62
47.44
’22 (0.64) (26.70) (2.79) 8.83
(21.30)
’21 (3.43) 4.22 (0.17) 3.24
3.85
in millions of $

EPS

Jun Sep Dec Mar Year
’26 1.79 — — —
—
’26 0.71 0.32 0.43 1.30
2.76
’25 0.37 (0.10) (0.17) 0.76
0.87
’24 1.04 0.48 0.16 0.71
2.39
’23 1.55 0.34 0.19 0.86
2.91
’22 1.64 1.91 (0.43) (1.11)
2.12
’21 (0.12) (0.04) 0.30 1.50
1.63

Target Price Range

High
—
—
Average
—
—
Low
—
—

Recommendation Rating

1
Buy
2
3
Hold
4
5
Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡ 6.74 9.50 13.40 12.24 16.55 — — —
Low Price
‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡ ‡‡‡‡‡ 12.00 18.31 19.52 23.50 48.77 — — —
High Price
‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 99 235 268 271 381 — — —
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.88 2.33 1.93 1.64 1.70 — — —
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 285.24 547.54 516.25 444.60 646.91 — — —
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 14.37% 8.31% 9.42% 5.00% 8.98% — — —
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 18.33 28.19 23.31 7.69 26.37 — — —
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6.43% 5.15% 4.52% 1.73% 4.08% — — —
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 14.07 21.34 17.35 6.09 19.53 — — —
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.32 2.53 3.07 3.32 3.90 — — —
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 43.06 75.88 71.86 64.02 92.85 — — —
Revenue/Sh
‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 2.12 2.91 2.39 0.87 2.76 — — —
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (2.02) 8.85 0.69 (0.64) 1.23 — — —
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1.19) (2.28) (0.81) (0.35) (1.03) — — —
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (3.22) 6.57 (0.11) (0.99) 0.20 — — —
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.03 16.00 17.74 19.07 21.74 — — —
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6.62 7.22 7.18 6.95 6.97 — — —
Shares
‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡ ‡‡‡‡‡ 4.38 3.86 7.66 17.31 6.42 — — —
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.20 0.15 0.25 0.23 0.19 — — —
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 0.73 0.71 1.03 0.78 0.81 — — —
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.20 0.15 0.25 0.23 0.19 — — —
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (2.64) 1.69 (159.78) (14.77) 90.42 — — —
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (13.40) 63.89 4.98 (4.42) 8.54 — — —
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (7.90) (16.45) (5.79) (2.43) (7.16) — — —
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (21.30) 47.44 (0.81) (6.84) 1.38 — — —
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 64.55 98.57 115.96 128.14 180.89 — — —
Working Cap'
— — — ‡‡‡‡‡ ‡‡‡‡‡ 0.38 1.43 — — 3.49 — — —
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (2.22) (1.56) (2.89) (3.69) 1.04 — — —
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 79.69 115.43 127.48 132.43 151.49 — — —
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 10.64% 11.72% 8.00% 2.65% 6.82% — — —
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 23.01% 11.57% 12.30% 1.48% 10.51% — — —
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 18.65% 21.54% 14.14% 4.67% 13.54% — — —
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Friedman Industries Inc. (FRD), a nimble Texas steel processor and tubular manufacturer, rode the waves of a turbulent decade—from Section 232 tariffs boosting domestic players to the 2021-2023 steel price supercycle that drove revenues soaring 334% CAGR to $547 million. Employee scaling and capacity expansions fueled this boom, with revenue per employee doubling pre-pandemic levels, while stock highs mirrored the frenzy. Yet, 2024’s 6% revenue dip to $516 million and 2025 forecasts of $445 million signal cyclical normalization amid global oversupply and cooling construction demand.

Profitability tells a boom-bust tale: EPS peaked at $2.91 in 2023 with ROE at 21.5%, but projections slash it to $0.87 next year as margins compress to 1.7% and FCF turns negative. FRD’s fortress-like balance sheet—equity up 95% to $127 million, near-zero debt, and $116 million working capital—provides a buffer, yielding attractive valuations (PS 0.25x, PB 1.03x) that scream undervalued versus peers.

Bullish insider buys totaling $68,000 in late 2024 by the CEO and a director signal hidden catalysts amid forecasts of near-term pain, positioning FRD for a rebound on infrastructure tailwinds and the next steel upcycle—potentially 20-30% upside for patient investors.

Read full commentary →

Friedman Industries Inc. (FRD) Latest News

News by impact score

Fine-tune

6 Aug

3 , 4:40 PM
Friedman Industries, Incorporated announced its first quarter results. Quarterly results release updates financial performance and may shift investor sentiment.

3 , 4:40 PM
Friedman Industries Incorporated announced its first quarter financial results. Quarterly results directly update financial performance metrics that shape near-term investor views and valuation.

26 Jun

3 , 10:46 AM
Friedman Industries Inc. (FRD) stock gained 89% in three months amid an ongoing rally. An 89% stock gain over three months can moderately boost investor sentiment and company valuation.

17 Jun

3 , 11:21 AM
Friedman Industries Inc. (FRD) stock rose after the company posted Q4 earnings that featured a surge in sales. Q4 earnings beat with sales surge supports higher near-term stock price and investor sentiment.

11 Jun

3 , 4:40 PM
Friedman Industries, Incorporated reported its fourth quarter and fiscal year 2026 financial results. Quarterly and annual earnings releases deliver financial metrics that typically move investor sentiment and share price in the short term.

17 Mar

4 GlobeNewswire, 11:12 AM
Friedman Industries announces expansion of its Sinton, Texas facility and addition of new fabrication capabilities. Facility expansion and new fabrication capabilities enable increased production capacity and enhanced market competitiveness.

16 Feb

3 Zacks, 10:50 AM
Friedman Industries Inc. (FRD) stock declined after Q3 earnings release showed surging sales but disappointed investors on profits or outlook. Q3 earnings triggered stock decline despite sales growth, moderately impacting financial perception and short-term performance.

9 Feb

3 GlobeNewswire, 4:48 PM
Friedman Industries, Incorporated reported its third quarter results, highlighting key financial metrics and operational performance. The company experienced fluctuations in revenue and profit margins, influenced by market conditions and operational efficiencies. Management provided insights into future strategies and expectations, indicating a focus on growth and adaptation to industry trends. Financial performance and operational strategies may moderately influence the company's trajectory.

22 Dec

3 Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St., 11:57 AM
Friedman Industries, Incorporated (NASDAQ:FRD) has garnered significant support from institutional investors, who collectively hold 54% of the company's shares. This level of institutional ownership indicates a strong level of confidence in the company's future prospects and stability in the market. Institutional ownership at 54% suggests a moderately noticeable influence on investor sentiment and potential financial performance.

10 Dec

4 Zacks, 1:03 PM
Friedman Industries Inc. (FRD) has been upgraded to an 'Outperform' rating due to anticipated synergies, strong book value, and increased capacity. Analysts believe these factors will enhance the company's market position and financial performance, making it a more attractive investment opportunity. The upgrade reflects significant strategic moves and potential improvements in financial performance.

2 Dec

4 Simply Wall St., 5:48 AM
Investing in Friedman Industries Inc. (NASDAQ:FRD) five years ago would have resulted in a 176% gain, highlighting the company's strong performance and growth potential in the market. The article emphasizes the positive trajectory of FRD's stock and its ability to deliver substantial returns to investors over the past five years, reflecting favorable market conditions and effective business strategies. The significant gain over five years indicates strong market performance and potential for continued growth.

12 Nov

3 ZacksGuruFocus.comGuruFocus.comZacksZacksGuruFocus.comMT NewswiresGuruFocus.com, 9:36 AM
Friedman Industries Inc. reported strong Q2 earnings, highlighting a significant increase in revenue and net income, alongside a strategic deal with Century. Despite these positive results, the company's stock experienced a decline, raising concerns among investors about market sentiment and future performance. Strong earnings and a strategic deal may positively influence financial performance, but stock decline indicates mixed market sentiment.

10 Nov

3 GlobeNewswire, 4:40 PM
Friedman Industries, Incorporated reported its second quarter results, highlighting significant financial metrics and operational updates. The company experienced fluctuations in revenue and profit margins, reflecting broader market conditions. Key performance indicators were discussed, along with strategic initiatives aimed at enhancing operational efficiency and market positioning. Management expressed optimism about future growth prospects despite current challenges. Financial performance and operational updates indicate a moderately noticeable influence on the company's trajectory.

3 Nov

4 Simply Wall St., 5:19 AM
Friedman Industries Inc. (FRD) is being highlighted for its potential to become a multi-bagger investment due to its strategic initiatives and market positioning. The company has shown resilience and adaptability in a fluctuating market, which could lead to significant growth opportunities. Analysts suggest that FRD's focus on expanding its product offerings and improving operational efficiencies may enhance its competitive edge. Investors are encouraged to consider the company's fundamentals and market trends as indicators of future performance. Strategic initiatives and market positioning are likely to significantly impact future performance and investor sentiment.

13 Oct

4 Simply Wall St., 12:30 PM
Friedman Industries, Incorporated (NASDAQ:FRD) is experiencing strong stock performance, attributed to its solid financials and strategic positioning in the market. The company has shown resilience and growth potential, which may be influencing investor sentiment positively. Analysts are closely monitoring its financial metrics to assess future performance and market dynamics. Strong financials and strategic positioning indicate significant potential for future growth and market impact.

2 Sep

4 , 8:00 AM
Friedman Industries, Incorporated has expanded its operations by acquiring Century Metals and Supplies, Inc. This strategic move is aimed at enhancing the company's product offerings and market presence in the steel and metal supply industry. The acquisition is expected to bolster Friedman Industries' capabilities and drive future growth. The acquisition of Century Metals and Supplies, Inc. is a significant strategic move that could enhance market positioning and financial performance.

12 Aug

4 , 12:50 PM
Friedman Industries Inc. (FRD) experienced a notable increase in stock value following the release of its strong Q1 earnings results. The company reported significant growth in revenue and net income, surpassing analysts' expectations. This positive financial performance has bolstered investor confidence and contributed to a favorable market sentiment towards the stock. Strong Q1 earnings results are likely to significantly impact future performance and investor sentiment.

7 Aug

3 , 4:19 PM
Friedman Industries, Incorporated reported its first quarter results, highlighting key financial metrics and performance indicators. The company experienced fluctuations in revenue and profit margins, reflecting broader market conditions and operational challenges. Management provided insights into strategic initiatives aimed at improving efficiency and competitiveness in the steel industry. Overall, the results indicate a cautious outlook as the company navigates ongoing economic uncertainties. Financial performance and strategic initiatives may moderately influence the company's competitive positioning and market sentiment.

14 Jul

4 GlobeNewswire, 8:30 AM
Friedman Industries, Inc. has appointed Gaurav Chhibbar as Chief Operating Officer, effective July 10, 2025. Chhibbar brings extensive experience in operations, strategy, and corporate finance from his previous roles at Boston Consulting Group, Metal Edge Partners, and Cargill. His expertise is expected to enhance operational efficiency and drive growth for the company. Chhibbar holds an MBA from The University of Chicago and additional degrees in international business and engineering. The appointment of a COO with a strong background in operations and strategy is likely to significantly impact the company's future performance and operational efficiency.

30 Jun

4 GlobeNewswire, 9:00 AM
Friedman Industries, Incorporated (NASDAQ: FRD) has been added to the Russell 3000® Index, effective June 30, 2025, following its transfer to Nasdaq in April 2025. This inclusion aims to enhance the company's market visibility and attract investor capital, supporting its growth and long-term equity value. Membership in the Russell 3000® also ensures automatic inclusion in the Russell 2000® Index and relevant growth and value style indexes, which are widely utilized by investment managers and institutional investors. Inclusion in major indexes is expected to significantly enhance market visibility and attract institutional investment, impacting future performance.

25 Jun

3 , 5:21 PM
Friedman Industries, Incorporated has announced a cash dividend of $0.10 per share, payable on December 1, 2023, to shareholders of record as of November 17, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders. The dividend announcement indicates financial stability and a commitment to shareholders, which may positively influence market sentiment.

19 Jun

3 Zacks, 1:05 PM
Friedman Industries, Inc. (FRD) shares fell 3.2% following Q4 earnings for the quarter ending March 31, 2025, despite a 7.8% increase in net earnings to $5.3 million. Quarterly sales dipped 2.3% to $129.2 million, although record sales volume of 166,500 tons was achieved. Full-year earnings plummeted 64.9% to $6.1 million, with annual sales down 13.9%. The flat-roll segment saw a decline in sales and operating income, while the tubular segment remained stable. The company benefited from a hedging program, recording gains that helped stabilize margins. Management expects slightly lower sales volume in Q1 of fiscal 2026 but anticipates improved margins due to pricing actions and operational efficiencies. Earnings performance and margin recovery indicate moderate influence on future financial stability.

14 Jun

3 Simply Wall St., 8:07 AM
Friedman Industries (NASDAQ:FRD) reported its Full Year 2025 results, showing a revenue of US$444.6 million, a 14% decline from FY 2024. Net income fell 65% to US$6.09 million, with a profit margin of 1.4%, down from 3.3% in FY 2024. Earnings per share (EPS) decreased to US$0.87 from US$2.39 in FY 2024. The share price remains largely unchanged from the previous week, but there is one warning sign noted for the company. The significant decline in revenue and net income indicates a moderately noticeable influence on future financial performance.

13 Jun

3 Simply Wall St., 6:01 AM
Friedman Industries, Inc. (NASDAQ:FRD) has seen its stock price increase by 237% over the past five years, transitioning from a loss to profitability. The total shareholder return (TSR) over the same period is 253%, boosted by dividends. In the last twelve months, the TSR was 5.6%, which is below market performance, but the company has maintained a strong long-term track record with a 29% annual TSR over five years. Insiders have made significant purchases recently, indicating confidence in the company's future, although there is one warning sign to consider. The transition to profitability and insider buying suggest moderate influence on future performance.

12 Jun

3 GlobeNewswire, 5:25 PM
Friedman Industries, Incorporated reported net earnings of $5.3 million and sales of $129.2 million for the fourth quarter of fiscal 2025, marking the highest sales volume in company history. For the fiscal year, net earnings were $6.1 million on sales of $444.6 million, down from $17.3 million on $516.3 million in the previous year. The company experienced a 28% increase in sales volume from the preceding quarter and a 5% increase year-over-year. Steel prices rose 35% in the fourth quarter, contributing to margin improvements. The company anticipates slightly lower sales volume in the first quarter of fiscal 2026 due to equipment downtime but expects improved margins. Friedman remains optimistic about long-term demand and growth potential. The reported earnings and sales growth indicate a moderately noticeable influence on financial performance and market sentiment.

27 May

3 Simply Wall St., 1:33 PM
Friedman Industries, Inc. (FRD) has 46% ownership by individual investors, indicating significant influence over management and strategy. Institutional investors hold 42%, with hedge funds owning 6.2%. The top 24 shareholders control 50% of the company, and no single shareholder has a majority stake. Insider ownership is present, with the CEO holding 3.1%. The general public's stake is substantial, making it a key player in company decisions. Analysts have not provided coverage, suggesting limited market interest. The company has one warning sign in its investment analysis. The significant individual and institutional ownership could moderately influence the company's strategic direction and market sentiment.

11 May

3 Simply Wall St., 8:07 AM
Friedman Industries (NASDAQ:FRD) has shown improvement in its return on capital employed (ROCE), now at 2.4%, up from previous losses. The company has increased its capital employed by 135%, indicating reinvestment opportunities. Despite still underperforming the industry average of 9.5%, the shift to profitability and positive trends in earnings suggest potential for future growth. However, there is one warning sign to consider. Friedman Industries' transition to profitability and increased capital utilization indicate a moderately noticeable influence on its future performance.

24 Apr

3 Simply Wall St., 2:09 PM
Friedman Industries (NASDAQ:FRD) has seen a 20% increase in stock price over the last three months, raising questions about the influence of its financials on this performance. The company's return on equity (ROE) stands at 4.5%, significantly lower than the industry average of 11%. Despite this, Friedman Industries achieved a 22% net income growth over the past five years, outperforming the industry growth rate of 15%. The company retains a high percentage of its profits, with a three-year median payout ratio of 3.9%, indicating strong reinvestment in its business. While the low ROE is a concern, the reinvestment strategy has contributed to its earnings growth, warranting further assessment of potential risks. Friedman Industries' low ROE combined with high earnings growth suggests a moderate influence on its future performance.

9 Apr

3 Zacks, 6:59 AM
Friedman Industries Inc. has underperformed the Zacks Metal Products - Procurement and Fabrication industry, with shares down 24.6% over the past year. The company reported an 18.9% decline in fiscal third-quarter sales, primarily due to weakness in the tubular segment and high inventory levels amid steel price volatility. Despite these challenges, Friedman Industries' sales backlog grew 11% year over year, indicating stronger demand and potential revenue recovery. The company anticipates improved sales and margin expansion in the fiscal fourth quarter as hot-rolled coil prices rebound, supported by a 9% reduction in debt and available credit of $99.2 million. Industry trends suggest a projected increase in hot-rolled coil prices and rising investments in infrastructure and manufacturing. Sales backlog growth and anticipated recovery in hot-rolled coil prices indicate a moderately noticeable influence on future performance.

8 Apr

4 , 7:50 AM
Insiders at Friedman Industries Inc. purchased a total of US$652.8k worth of stock, signaling strong confidence in the company's future. This significant insider buying could indicate positive expectations regarding the company's performance and market position. Insider buying of this magnitude often reflects strong confidence in the company's future prospects, potentially influencing investor sentiment and market performance.
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