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24.4 USD
0.71
3.00%
Last update May 29, 11:59 AM EDT
Main market
Day range
23.9
24.4
Previous close
23.69000
Open
24.08
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Friedman Industries, Incorporated
24.40
0.71
3.00%

Overview

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Description

Friedman Industries, Incorporated is a manufacturer and processor specializing in steel products. Established in 1965 and headquartered in Longview, Texas, the company operates through two main divisions: the Flat Roll Division and the Tubular Division. The Flat Roll Division runs multiple coil processing facilities, offering processes such as temper passing, stretcher leveling, slitting, and cut-to-length services for a range of steel types, including hot-rolled, cold-rolled, coated, pre-painted, and stainless steel. These facilities provide both processing for customer-owned coils and finished sheets and plates for end use. The Tubular Division, operating as Texas Tubular Products, manufactures electric resistance welded (ERW) pipe primarily used for oil, gas, and structural applications, complying with industry standards like API 5L, ASTM A53B, and ASTM A500B. Friedman Industries serves manufacturers of steel products and steel and pipe distributors, playing a vital role in the supply chain for the North American energy, construction, and manufacturing sectors. Recent strategic growth includes the acquisition of Century Metals & Supplies, enhancing its product mix and regional presence. The company’s operational footprint and expanded capabilities underscore its significance in the steel and metals market.

About

CEO
Mr. Michael J. Taylor
Employees
271
Address
1121 Judson Road
Suite 124
Longview, 75601, TX
United States
Phone
903 758 3431
Instrument type
Common stock
Sector
Basic Materials
Industry
Steel
Country
United States
MIC code
XNGS
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Main market

Exchange is currently active.
Closing in 3 hours 39 minutes

12:20
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).