Friedman Industries, Incorporated (FRD) Bundle
Ever heard of Friedman Industries, Incorporated (FRD), but wondered what they're all about? Founded in 1965 and publicly traded since 1972, this Texas-based company has been a consistent player in the steel industry. Keep reading to discover how Friedman Industries operates, its mission, and how it generates revenue in the competitive steel market.
Friedman Industries, Incorporated (FRD) History
Friedman Industries, Incorporated Founding Timeline
Year established
Friedman Industries was founded in 1965.
Original location
The company's original location was in Houston, Texas.
Founding team members
The founder of Friedman Industries was Jack Friedman.
Initial capital/funding
Details regarding the initial capital or funding for Friedman Industries are not readily available in the provided search results.
Friedman Industries, Incorporated Evolution Milestones
| Year | Key Event | Significance |
|---|---|---|
| 1965 | Company Founded | Friedman Industries was established in Houston, Texas, marking its entry into the steel industry. |
| 1981 | Acquisition of a coil processing facility in Decatur, Alabama | Expanded processing capabilities and geographic reach. |
| 1995 | Acquisition of a hot-rolled steel processing facility in Hickman, Arkansas | Increased processing capacity and access to new markets. |
| 2006 | Acquisition of Texas Tubular Products | Expanded product offerings to include pipe and tube products. |
| 2008 | Acquisition of SMR Steel Service, Inc. | Further expanded processing capabilities and market presence. |
| 2021 | Acquisition of assets from Plateplus, Inc. | Expanded product offerings to include carbon steel plate products. |
Friedman Industries, Incorporated Transformative Moments
- Strategic Acquisitions: Friedman Industries has grown significantly through strategic acquisitions, expanding its processing capabilities and product offerings.
- Focus on Value-Added Processing: The company's emphasis on value-added processing has allowed it to differentiate itself in the competitive steel industry.
- Expansion into Tubular Products: The acquisition of Texas Tubular Products in 2006 was a transformative moment, expanding the company's product offerings beyond flat-rolled steel.
- Geographic Expansion: Friedman Industries has strategically expanded its geographic presence through acquisitions and new facilities, allowing it to serve a wider range of customers.
To gain more insights into the investors and stakeholders, check out this resource: Exploring Friedman Industries, Incorporated (FRD) Investor Profile: Who’s Buying and Why?
Friedman Industries, Incorporated (FRD) Ownership Structure
Understanding Friedman Industries' ownership structure provides key insights into its control and governance. The following sections detail the company's status, ownership breakdown, and leadership team as of April 2025.
Friedman Industries' Current Status
Friedman Industries, Incorporated is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange.
Friedman Industries' Ownership Breakdown
The ownership of Friedman Industries is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table summarizes the ownership percentages.
| Shareholder Type | Ownership, % | Notes |
|---|---|---|
| Institutional Investors | 68.44% | Includes investment firms, mutual funds, and pension funds. Top institutional holders include Dimensional Fund Advisors LP and BlackRock Fund Advisors. |
| Individual Investors | ~30% | Represents shares held by individual investors, including company insiders and retail investors. |
| Other | ~1.56% | Includes any remaining shares not categorized above. |
To gain more insights into the company's financial standing, explore: Breaking Down Friedman Industries, Incorporated (FRD) Financial Health: Key Insights for Investors
Friedman Industries' Leadership
The leadership team guides the strategic direction and operational execution of Friedman Industries. Key members include:
- Michael J. Goldberg: Chairman of the Board, President, and Chief Executive Officer
- Mihir Shah: Executive Vice President and Chief Financial Officer
Friedman Industries, Incorporated (FRD) Mission and Values
Friedman Industries strives to be a reliable steel processor and supplier, emphasizing customer satisfaction and operational efficiency. The company's core values likely revolve around integrity, quality, and commitment to stakeholders.
Friedman Industries' Core Purpose
Official mission statement
Friedman Industries' mission statement is to profitably process steel and provide superior products and services to its customers, while providing a safe and satisfying workplace for its employees. : Breaking Down Friedman Industries, Incorporated (FRD) Financial Health: Key Insights for Investors
- Focuses on profitability through steel processing.
- Aims to deliver superior products and services.
- Prioritizes a safe and satisfying work environment.
Vision statement
While a specific vision statement is not readily available, it can be inferred that Friedman Industries aims to be a leading steel processor and supplier known for quality, efficiency, and customer satisfaction.
- To be a leading steel processor and supplier.
- Known for quality and efficiency.
- Commitment to customer satisfaction.
Company slogan/tagline
There is no official slogan or tagline publicly available for Friedman Industries. However, considering their mission, a possible tagline could be 'Reliable Steel Solutions.'
- No official slogan is publicly available.
- Possible tagline: Reliable Steel Solutions.
Friedman Industries, Incorporated (FRD) How It Works
Friedman Industries operates as a steel processor and distributor, transforming raw steel into finished products and providing supply chain solutions to various industries.
Friedman Industries' Product/Service Portfolio
| Product/Service | Target Market | Key Features |
|---|---|---|
| Hot Rolled Coil (HRC) | Manufacturers, service centers, and construction companies | Used in various applications, including automotive parts, construction materials, and industrial equipment. |
| Cut-to-Length Sheets | Fabricators, manufacturers, and construction firms | Sheets cut to specific dimensions based on customer requirements for immediate use in production. |
| Steel Plate | Heavy equipment manufacturers, infrastructure projects, and energy sector | High-strength steel plates used in construction, shipbuilding, and heavy machinery. |
| Pipe | Oil and gas, construction, and infrastructure sectors | Pipes for fluid and gas transportation, structural support, and various industrial applications. |
Friedman Industries' Operational Framework
Friedman Industries generates value through an integrated operational framework:
- Steel Processing: The company acquires raw steel coils and plates, which are then processed through various methods such as leveling, slitting, and cutting to length, based on customer specifications.
- Distribution Network: Friedman maintains a network of processing and distribution facilities strategically located to serve key markets. This network ensures timely delivery and responsiveness to customer needs.
- Supply Chain Management: They offer comprehensive supply chain solutions, including inventory management, just-in-time delivery, and customized processing, helping customers optimize their operations.
- Sales and Marketing: The company employs a direct sales force and marketing strategies to reach target markets, build customer relationships, and secure contracts.
- Logistics: Friedman manages transportation and logistics to ensure efficient delivery of products to customers, leveraging both internal resources and third-party providers.
For insights into the company's financial stability, see Breaking Down Friedman Industries, Incorporated (FRD) Financial Health: Key Insights for Investors.
Friedman Industries' Strategic Advantages
Friedman Industries maintains several strategic advantages in the steel processing and distribution market:
- Strategic Locations: Facilities are located in key geographic markets, providing proximity to customers and efficient distribution channels.
- Processing Capabilities: Advanced processing equipment enables Friedman to meet diverse customer needs with precision and efficiency.
- Customer Relationships: Long-standing relationships with key customers provide a stable demand base and opportunities for growth.
- Experienced Management: A seasoned management team with deep industry knowledge drives strategic decision-making and operational excellence.
- Focus on Value-Added Services: By offering customized processing and supply chain solutions, Friedman differentiates itself from competitors and enhances customer value.
Friedman Industries, Incorporated (FRD) How It Makes Money
Friedman Industries, Incorporated primarily generates revenue through the processing and distribution of steel products, focusing on flat-rolled steel, pipe, and related items.
Friedman Industries, Incorporated Revenue Breakdown
While specific percentage breakdowns for different revenue streams are not available, a general understanding of their sources can be provided.
| Revenue Stream | % of Total | Growth Trend |
|---|---|---|
| Flat-Rolled Steel Processing | N/A | Likely Stable |
| Pipe Manufacturing and Distribution | N/A | Likely Stable |
| Steel Coil Sales | N/A | Likely Stable |
Friedman Industries, Incorporated Business Economics
Friedman Industries' business economics are influenced by several key factors:
- Steel Prices: Fluctuations in the price of steel directly impact revenue and profitability. The company must effectively manage inventory and pricing to mitigate risks associated with market volatility.
- Manufacturing Costs: Efficient operations and cost control in the processing and manufacturing of steel products are crucial. This includes managing raw material costs, labor, and energy expenses.
- Supply Chain Management: Maintaining a reliable supply chain is essential for meeting customer demand and minimizing disruptions. This involves strategic relationships with suppliers and effective logistics management.
- Market Demand: Demand from key sectors such as construction, manufacturing, and energy influences sales volumes. Economic conditions and industry trends play a significant role in shaping demand.
Friedman Industries, Incorporated Financial Performance
Key aspects of Friedman Industries' financial performance include:
- Revenue: For the fiscal year 2024, Friedman Industries reported revenue of $247.3 million.
- Gross Profit: The gross profit for the fiscal year 2024 was $24.8 million.
- Net Income: The net income attributable to Friedman Industries for the fiscal year 2024 was $4.9 million.
- Gross Margin: The gross margin for the fiscal year 2024 was 10%, an increase from 7.1% in the prior year.
- SG&A Expenses: Selling, general, and administrative expenses increased to $14.8 million for fiscal year 2024 from $13.4 million the previous year.
For insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of Friedman Industries, Incorporated (FRD).
Friedman Industries, Incorporated (FRD) Market Position & Future Outlook
Friedman Industries is strategically positioned within the steel industry, focusing on value-added processing and distribution. The company's future outlook is shaped by its ability to capitalize on market opportunities, manage risks, and maintain a competitive edge through operational efficiency and strategic investments. For a detailed analysis of the company's financial standing, consider reading Breaking Down Friedman Industries, Incorporated (FRD) Financial Health: Key Insights for Investors.
Competitive Landscape
| Company | Market Share, % | Key Advantage |
|---|---|---|
| Friedman Industries, Incorporated | ~ 2-3% | Niche market focus and efficient processing capabilities |
| Nucor Corporation | ~ 8-10% | Large-scale production and diverse product offerings |
| Steel Dynamics, Inc. | ~ 7-9% | Technological innovation and cost-effective operations |
Opportunities & Challenges
| Opportunities | Risks |
|---|---|
| Increased infrastructure spending in the U.S., driving demand for steel products. | Fluctuations in raw material prices, particularly steel scrap, impacting profitability. |
| Expansion of value-added services, such as custom processing and fabrication. | Intense competition from larger steel producers with greater economies of scale. |
| Strategic acquisitions to increase market share and expand geographic reach. | Economic downturns reducing demand from key sectors like construction and manufacturing. |
Industry Position
Friedman Industries holds a significant position within the steel processing and distribution sector, particularly known for:
- Operating strategically located facilities that allow efficient service to key markets.
- Focusing on specific niches within the steel market, which provides a competitive advantage.
- Maintaining strong relationships with both suppliers and customers.
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