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Last $6.71 USD
Change Today -0.019 / -0.28%
Volume 4.2K
As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

friedman industries (FRD) Snapshot

Open
$6.78
Previous Close
$6.73
Day High
$6.78
Day Low
$6.71
52 Week High
08/8/14 - $8.80
52 Week Low
02/2/15 - $6.05
Market Cap
45.6M
Average Volume 10 Days
5.9K
EPS TTM
$0.18
Shares Outstanding
6.8M
EX-Date
07/15/15
P/E TM
38.1x
Dividend
$0.04
Dividend Yield
1.04%
Current Stock Chart for FRIEDMAN INDUSTRIES (FRD)

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friedman industries (FRD) Details

Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company purchases hot-rolled steel coils; processes the coils into flat, finished sheet, and plate; and sells these products on a wholesale basis. It also manufactures, purchases, processes, and markets tubular products, including line and oil country pipes, as well as pipes for structural and piling purposes. The company offers its coil products and processing services primarily to steel distributors, and customers fabricating steel products, such as storage tanks, steel buildings, farm machinery and equipment, construction equipment, transportation equipment, conveyors, and other similar products; and tubular products principally to steel and pipe distributors, and piling contractors through its own sales force. Friedman Industries, Incorporated was founded in 1965 and is based in Humble, Texas.

100 Employees
Last Reported Date: 06/11/14
Founded in 1965

friedman industries (FRD) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $205.2K
Principal Financial Officer, Principal Accoun...
Total Annual Compensation: $84.3K
Vice President
Total Annual Compensation: $154.7K
Senior Vice President of Sales & Marketing
Total Annual Compensation: $170.4K
Compensation as of Fiscal Year 2014.

friedman industries (FRD) Key Developments

Friedman Industries, Incorporated Announces Cash Dividend Payable on August 14, 2015

The Board of Directors of Friedman Industries, Incorporated declared cash dividend of $0.01 per share on the common stock of the company. The company will pay the cash dividend on August 14, 2015, to shareholders of record at the close of business on July 17, 2015.

Friedman Industries, Inc. Enters into Credit Agreement for $5.0 Million Revolving Line of Credit Facility

On May 8, 2015, Friedman Industries Inc. entered into a credit agreement for a $5.0 million revolving line of credit facility with JPMorgan Chase Bank N.A. The credit facility expires on April 30, 2016. Advances under the credit facility are subject to certain customary conditions precedent and are also subject to a borrowing base equal to 80% of eligible accounts plus 50% of eligible inventory, with the inventory component not to exceed the amount calculated as the eligible accounts component of the borrowing base calculation. At the company’s election, advances under the credit facility bear interest at either (1) the Bank’s prime rate minus 0.50% or (2) the applicable one-, two- or three-month LIBOR rate plus 2.5%. Interest payments on amounts advanced are due monthly. Pursuant to the credit agreement, the company entered into a Line of Credit Note on May 8, 2015 evidencing the credit facility.

Friedman Industries, Inc. Promotes Robert Sparkman to Senior Vice President of Operations

Friedman Industries Inc. has promoted Robert Sparkman to Senior Vice President of Operations effective April 1, 2015. Sparkman previously served as Vice President of Sales for the company’s coil division since 2002. Sparkman has worked for the company since 1979, giving him over 35 years of experience with both the ompany’s coil and tubular divisions.

 

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Industry Analysis

FRD

Industry Average

Valuation FRD Industry Range
Price/Earnings 37.4x
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 37.4x
TEV/Sales 0.3x
 | 

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