FRD Friedman Industries, Inc.
Friedman Industries, Inc. engages in the provision of manufacture and trade of steel products. It operates through the Coil, and Tubular segments. The Coil segment produces and markets hot-rolled steel and coils. The Tubular segment focuses on the operation of two electric resistance welded pipe mills with a combined outside diameter. The company was founded by Mendel Friedman in 1965 and is headquartered in Longview, TX.
Company profile
Ticker
FRD
Exchange
Website
CEO
Michael J. Taylor
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
741504405
Calendar
14 Feb 20
3 Apr 20
31 Mar 21
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 28.15M | 40M | 40.98M | 42.2M | |
| Net income | -881K | -1.54M | 194.77K | -1.17M | |
| Diluted EPS | -0.13 | -0.22 | 0.03 | -0.17 | |
| Net profit margin | -3.13% | -3.86% | 0.48% | -2.76% | |
| Operating income | 262.94K | ||||
| Net change in cash | 2.96M | 8.57M | -862.71K | 9.09M | |
| Cash on hand | 22.33M | 19.37M | 10.8M | 11.67M | |
| Cost of revenue | 28.1M | 40.78M | 39.5M | 41.36M |
| Annual (USD) | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|
| Revenue | 187.15M | 121.16M | 77.76M | ||
| Net income | 5.1M | 3.93M | -2.68M | 294K | |
| Diluted EPS | 0.73 | 0.56 | -0.39 | 0.04 | |
| Net profit margin | 2.72% | 3.25% | -3.44% | ||
| Operating income | 6.38M | 5.74M | -4.21M | 23.37K | |
| Net change in cash | 7.61M | 2.59M | -1.34M | 570.84K | |
| Cash on hand | 11.67M | 4.05M | 1.46M | 2.8M | |
| Cost of revenue | 174.25M | 111.21M | 77.95M | 76.94M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 26 Mar 20 | Alex LaRue | Common Stock | Grant | Aquire A | 0 | 5,000 | 0 | 55,001 |
| 26 Mar 20 | Mike J Taylor | Common Stock | Grant | Aquire A | 0 | 50,000 | 0 | 80,000 |
| 16 Mar 20 | Mike J Taylor | Common Stock | Buy | Aquire P | 4.565 | 5,000 | 22.83K | 30,000 |
| 16 Mar 20 | Joel Spira | Common Stock | Buy | Aquire P | 5.17 | 5,000 | 25.85K | 6,000 |
| 6 Mar 20 | Stevenson Tim Scott | Common Stock | Buy | Aquire P | 5.6 | 5,000 | 28K | 20,000 |
Institutional ownership Q4 2019
37.8% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 29 |
| Opened positions | 1 |
| Closed positions | 5 |
| Increased positions | 4 |
| Reduced positions | 11 |
13F shares |
Current |
|---|---|
| Total value | 15.91M |
| Total shares | 2.64M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Dimensional Fund Advisors | 583.04K | $3.51M |
| Renaissance Technologies | 504.12K | $3.04M |
| Bridgeway Capital Management | 222.5K | $1.34M |
| Vanguard | 214.41K | $1.29M |
| Shufro Rose & Co | 124.14K | $747K |
| Brandywine Global Investment Management | 119.45K | $723K |
| BEN Franklin Resources | 110.2K | $663K |
| MS Morgan Stanley | 108.64K | $654K |
| LSV Asset Management | 95.4K | $574K |
| Acadian Asset Management | 84.93K | $512K |
Content analysis
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| Positive | ||
| Negative | ||
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| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
add, arrangement, building, called, constrained, constructed, Construction, Delta, efficiency, employee, expenditure, fabricated, facilitate, feet, filter, force, forklift, Hedging, installation, installed, investing, removing, renewed, replace, safety, Simplifying, square, strength, stretcher, translated, volatility, weighted, wide
Financial reports
10-Q
2020 Q3
Quarterly report
14 Feb 20
10-Q
2020 Q2
Quarterly report
14 Nov 19
10-Q
2020 Q1
Quarterly report
14 Aug 19
10-K
2019 FY
Annual report
1 Jul 19
10-Q
2019 Q3
Quarterly report
14 Feb 19
10-Q
2019 Q2
Quarterly report
14 Nov 18
10-Q
2019 Q1
Quarterly report
14 Aug 18
10-K
2018 FY
Annual report
28 Jun 18
10-Q
2018 Q3
Quarterly report
14 Feb 18
10-Q
2018 Q2
Quarterly report
13 Nov 17
Current reports
8-K
Friedman Industries, Incorporated Announces Second Quarter Results
18 Nov 19
8-K
Departure of Directors or Certain Officers
18 Sep 19
8-K
Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2019 Results
2 Jul 19
8-K/A
Departure of Directors or Certain Officers
19 Mar 19
8-K
Departure of Directors or Certain Officers
19 Feb 19
8-K
Entry into a Material Definitive Agreement
18 Dec 18
8-K
Submission of Matters to a Vote of Security Holders
6 Sep 18
8-K
Entry into a Material Definitive Agreement
15 Dec 17
8-K
Changes in Registrant's Certifying Accountant
16 Nov 17
8-K
Submission of Matters to a Vote of Security Holders
5 Sep 17
Proxies
DEF 14A
Definitive proxy
26 Jul 19
DEF 14A
Definitive proxy
20 Jul 18
DEF 14A
Definitive proxy
20 Jul 17
DEF 14A
Definitive proxy
20 Jul 16
DEF 14A
Definitive proxy
27 Jul 15
PRE 14A
Preliminary proxy
17 Jul 15
DEF 14A
Definitive proxy
17 Jul 14
DEFA14A
Additional proxy soliciting materials
15 Aug 13
DEF 14A
Definitive proxy
19 Jul 13
DEF 14A
Definitive proxy
19 Jul 12
Ownership
4
FRIEDMAN INDUSTRIES / Alex LaRue ownership change
30 Mar 20
4
FRIEDMAN INDUSTRIES / Mike J Taylor ownership change
30 Mar 20
4
FRIEDMAN INDUSTRIES / Joel Spira ownership change
18 Mar 20
4
FRIEDMAN INDUSTRIES / Mike J Taylor ownership change
17 Mar 20
4
FRIEDMAN INDUSTRIES / Tim Scott Stevenson ownership change
10 Mar 20
4
FRIEDMAN INDUSTRIES / Mike J Taylor ownership change
4 Mar 20
4
FRIEDMAN INDUSTRIES / Mike J Taylor ownership change
2 Mar 20
4
FRIEDMAN INDUSTRIES / Mike J Taylor ownership change
26 Feb 20
4
FRIEDMAN INDUSTRIES / Mike J Taylor ownership change
24 Feb 20
SC 13G/A
Beneficial ownership report (amended)
13 Feb 20