For over 50 years Friedman Industries has helped its customers succeed by consistently providing high quality steel products at highly competitive prices with quick delivery. Founded in 1965 and headquartered in Longview, Texas, Friedman operates in two divisions: the Flat Roll Division and the Tubular Division.
Company profile
Ticker
FRD
Exchange
Website
CEO
Michael J. Taylor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
FRIEDMAN/DECATUR, L.L.C. ...
IRS number
741504405
FRD stock data
Latest filings (excl ownership)
8-K
Friedman Industries, Incorporated Announces Third Quarter Results and Provides Near-term Outlook
9 Feb 23
10-Q
2023 Q3
Quarterly report
9 Feb 23
8-K
Friedman Industries, Incorporated Announces Second Quarter Results and Provides Near-term Outlook
2 Dec 22
10-Q
2023 Q2
Quarterly report
2 Dec 22
8-K
Friedman Industries, Incorporated Provides Sinton Facility Update and Update on Form 10-Q Filing
22 Nov 22
NT 10-Q
Notice of late quarterly filing
9 Nov 22
8-K
Friedman Industries, Incorporated Announces First Quarter Results, Provides Sinton Update and Near-term Outlook
12 Oct 22
10-Q
2023 Q1
Quarterly report
12 Oct 22
8-K
Submission of Matters to a Vote of Security Holders
16 Sep 22
NT 10-Q
Notice of late quarterly filing
10 Aug 22
Latest ownership filings
SC 13G/A
MITSUBISHI CORP
14 Feb 23
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
13 Feb 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
4
Max Alan Reichenthal
14 Dec 22
4
Max Alan Reichenthal
12 Dec 22
4
Sandra Kay Scott
7 Dec 22
4
Sharon L Taylor
7 Dec 22
4
Durga D Agrawal
7 Dec 22
4
Max Alan Reichenthal
7 Dec 22
4
Joel Spira
7 Dec 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 3.54 mm | 3.54 mm | 3.54 mm | 3.54 mm | 3.54 mm | 3.54 mm |
| Cash burn (monthly) | 1.03 mm | 92.27 k | (no burn) | (no burn) | 3.52 mm | (no burn) |
| Cash used (since last report) | 2.93 mm | 262.43 k | n/a | n/a | 10.00 mm | n/a |
| Cash remaining | 613.88 k | 3.28 mm | n/a | n/a | -6.46 mm | n/a |
| Runway (months of cash) | 0.6 | 35.6 | n/a | n/a | -1.8 | n/a |
Institutional ownership, Q3 2022
37.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 21 |
| Opened positions | 2 |
| Closed positions | 4 |
| Increased positions | 8 |
| Reduced positions | 6 |
| 13F shares | Current |
|---|---|
| Total value | 20.85 mm |
| Total shares | 2.76 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Dimensional Fund Advisors | 538.33 k | $3.83 mm |
| Mitsubishi | 516.04 k | $4.78 mm |
| Renaissance Technologies | 393.78 k | $2.80 mm |
| AULT Ault Alliance | 334.70 k | $2.49 mm |
| Vanguard | 295.18 k | $2.10 mm |
| Bridgeway Capital Management | 204.42 k | $1.45 mm |
| Acadian Asset Management | 90.51 k | $642.00 k |
| MS Morgan Stanley | 82.49 k | $586.00 k |
| Callahan Advisors | 71.42 k | $508.00 k |
| Geode Capital Management | 57.38 k | $407.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 Dec 22 | Reichenthal Max Alan | Common Stock | Buy | Acquire P | No | No | 8.34 | 300 | 2.50 k | 20,120 |
| 9 Dec 22 | Reichenthal Max Alan | Common Stock | Buy | Acquire P | No | No | 8.47 | 1,455 | 12.32 k | 19,820 |
| 8 Dec 22 | Reichenthal Max Alan | Common Stock | Buy | Acquire P | No | No | 8.7 | 2,545 | 22.14 k | 18,365 |
| 5 Dec 22 | Joe L Williams | Common Stock | Grant | Acquire A | No | No | 0 | 1,100 | 0.00 | 27,933 |
| 5 Dec 22 | Stevenson Tim Scott | Common Stock | Grant | Acquire A | No | No | 0 | 1,100 | 0.00 | 25,863 |
| 5 Dec 22 | Durga D Agrawal | Common Stock | Grant | Acquire A | No | No | 0 | 1,100 | 0.00 | 20,863 |