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
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
FRIEDMAN/DECATUR, L.L.C. ...
IRS number
741504405
FRD stock data
News
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Press releases
Calendar
10 Aug 22
19 Aug 22
31 Mar 23
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
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| 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) | 2.6M | 2.6M | 2.6M | 2.6M | 2.6M | 2.6M |
| Cash burn (monthly) | 561.21K | 466.07K | 3.17M | (no burn) | (no burn) | 1.12M |
| Cash used (since last report) | 2.61M | 2.17M | 14.72M | n/a | n/a | 5.19M |
| Cash remaining | -10.17K | 431.97K | -12.12M | n/a | n/a | -2.59M |
| Runway (months of cash) | -0.0 | 0.9 | -3.8 | n/a | n/a | -2.3 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Jun 22 | Sharon L Taylor | Common Stock | Grant | Acquire A | No | No | 8 | 100 | 800 | 100 |
| 1 Apr 22 | Mike J Taylor | Common Stock | Payment of exercise | Dispose F | No | No | 8.51 | 2,422 | 20.61K | 119,722 |
| 1 Apr 22 | Alex LaRue | Common Stock | Payment of exercise | Dispose F | No | No | 8.51 | 243 | 2.07K | 41,907 |
| 4 Jan 22 | Alex LaRue | Common Stock | Payment of exercise | Dispose F | No | No | 9.65 | 12,851 | 124.01K | 42,150 |
Institutional ownership, Q1 2022
33.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 21 |
| Opened positions | 10 |
| Closed positions | 3 |
| Increased positions | 2 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 21.23M |
| Total shares | 2.46M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Dimensional Fund Advisors | 539.05K | $4.75M |
| Renaissance Technologies | 439.81K | $3.88M |
| NILE BitNile | 334.7K | $2.49M |
| Vanguard | 285.53K | $2.52M |
| Bridgeway Capital Management | 219.42K | $1.93M |
| Acadian Asset Management | 95.87K | $843K |
| HHM Wealth Advisors | 88.43K | $779K |
| MS Morgan Stanley | 81.21K | $715K |
| Shufro Rose & Co | 70.45K | $621K |
| Callahan Advisors | 66.67K | $587K |
Content analysis
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| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
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Removed:
accumulated, affect, affected, bad, charged, communicated, concluded, covered, debt, disclosed, doubtful, effective, end, ensure, evaluated, expected, expense, include, materially, occurred, participation, processed, receivable, recorded, reported, revenue, summarized, Summary, Trinity, Unaudited
Financial reports
Current reports
8-K/A
Abbreviated Financial Statements
5 Aug 22
8-K
Friedman Industries, Incorportated Announces Fourth Quarter and Fiscal Year 2022 Results and Provides Post Plateplus Transaction Update
22 Jul 22
8-K
Entry into a Material Definitive Agreement
12 Jul 22
8-K
Friedman Industries, Incorporated Provides Update on Form 10-K Filing
29 Jun 22
8-K
Departure of Directors or Certain Officers
16 Jun 22
8-K
Friedman Industries, Incorporated Expands with Major Acquisition of Plateplus, Inc. Operations
2 May 22
8-K
Entry into a Material Definitive Agreement
15 Mar 22
8-K
Friedman Industries, Incorporated Announces Third Quarter Results
14 Feb 22
8-K
Friedman Industries, Incorporated Announces Second Quarter Results and Sinton, Texas Facility Update
19 Nov 21
8-K
First Amendment to the Amended and Restated Bylaws of
10 Nov 21
Ownership
4
FRIEDMAN INDUSTRIES / Mike J Taylor ownership change
1 Aug 22
4
FRIEDMAN INDUSTRIES / Alex LaRue ownership change
1 Aug 22
4
FRIEDMAN INDUSTRIES / Sharon L Taylor ownership change
27 Jun 22
3
FRIEDMAN INDUSTRIES / Sandra Kay Scott ownership change
21 Jun 22
3
FRIEDMAN INDUSTRIES / Sharon L Taylor ownership change
21 Jun 22
SC 13G
FRIEDMAN INDUSTRIES / MITSUBISHI ownership change
9 May 22
SC 13D/A
FRIEDMAN INDUSTRIES / BitNile ownership change
23 Feb 22
SC 13D/A
FRIEDMAN INDUSTRIES / BitNile ownership change
17 Feb 22
SC 13G/A
FRIEDMAN INDUSTRIES / RENAISSANCE TECHNOLOGIES ownership change
11 Feb 22
SC 13G/A
FRIEDMAN INDUSTRIES / DIMENSIONAL FUND ADVISORS ownership change
8 Feb 22
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