FRIEDMAN INDUSTRIES INC. overview

Favorable Outlook for Consistent Earnings and Further Growth 209th Consecutive Quarterly Dividend Since 1972 LONGVIEW, Texas, March 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE-American: FRD) a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on March 20, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. "Our future has never been brighter....

LONGVIEW, Texas, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) today announced its results of operations for the third fiscal quarter ended December 31, 2023. December 31, 2023 Quarter Highlights: Sales of approximately $116.0 million Earnings from operations of approximately $6.2 million Net earnings of approximately $1.2 million 11% increase in sales volume over prior year quarter volume Working capital balance at quarter-end of approximately $116.3...

LONGVIEW, Texas, Dec. 18, 2023 (GLOBE NEWSWIRE) -- On December 13, 2023, Friedman Industries, Incorporated (the “Company”) repurchased 400,041 shares of the Company’s common stock from Metal One Corporation for an aggregate repurchase price of approximately $5.1 million. After the repurchase, the Company had 6,971,824 shares of common stock outstanding. In addition, the Board of Directors authorized a share repurchase program on December 13, 2023 under which the Company may repurchase up...

LONGVIEW, Texas, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE—American; Trading Symbol: FRD) The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 13, 2023, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 16, 2024 to shareholders of record at the...

LONGVIEW, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter ended September 30, 2023. September 30, 2023 Quarter Highlights: Net earnings of approximately $3.5 million Sales of approximately $130.7 million 10% increase in sales volume over prior year quarter volume Working capital balance at quarter-end of approximately $129.9 million “Our second quarter results are a testament to our...

LONGVIEW, Texas, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE—American; Trading Symbol: FRD) The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on September 13, 2023, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on November 10, 2023 to shareholders of record at...

LONGVIEW, Texas, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter ended June 30, 2023. June 30, 2023 Quarter Highlights: Net earnings of approximately $7.7 million Sales of approximately $137.3 million 23% increase in sales volume over prior year quarter volume Working capital balance at quarter-end of approximately $113.1 million “Our first quarter results are a great start to fiscal year 2024 as...

Longview, TX, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) Friedman Industries, Incorporated (NYSE American: FRD) announced today the publication of its new company website at www.friedmanindustries.com . “We are delighted to launch a new website with expanded content to showcase our Company,” said Michael J. Taylor, President and Chief Executive Officer. “The website highlights our recent growth initiatives of facilities...