Friedman Industries, Inc. - Company Capsule

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					Friedman Industries, Inc.

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Friedman Industries, Inc. - Company Capsule

Reference Code: CN0571CC
Published Date: April 2011




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Friedman Industries, Inc. - Company Capsule                                         Page 1
Friedman Industries, Inc.

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Friedman Industries, Inc. - Company Overview

Friedman Industries, Inc. (Friedman) is engaged in steel processing, pipe manufacturing and processing, and steel and
pipe. The company's product portfolio include storage tanks, steel buildings, farm machinery and equipment, construction
equipment, transportation equipment, conveyors and tubular products primarily to steel and pipe distributors, and piling
contractors, hot-rolled steel coils, and processes the coils into flat, finished sheet and plate, and sells products on a
wholesale processes coils. The company operates through two divisions namely, XSCP division is established to handle
the purchasing and marketing of non-standard hot roll coil steel products; and Texas Tubular products division which
carries a large inventory of steel pipe for the structural steel market. Friedman is headquartered in Texas America.


Financial Performance

The company reported revenues of USD 65.13 million during the fiscal year ended March 2009




Friedman Industries, Inc. - Key Facts

Friedman Industries, Inc., Key Facts

                                  4001 Homestead Road,
                                  Houston, Texas (TX), 77026,       Ticker Symbol, Stock
Corporate Address:                                                                             FRD (American Stock Exchange)
                                                                    Exchange
                                  United States


Telephone                          + 1 800 5278671                  No. of Employees           90



Fax                                + 1 903 7582265                  Financial Year End         March



URL                               www.friedmanindustries.com        Revenue (in USD Million)   65.13



Industry                          Construction



Locations                         United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Friedman Industries, Inc. - Company Capsule                                                                         Page 2
Friedman Industries, Inc.

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Friedman Industries, Inc. - Major Products and Services

Friedman Industries, Inc. (Friedman) is engaged in offering steel processing, pipe manufacturing and processing, and
steel and pipe. The key products and services offered by the company include the following:

Friedman Industries, Inc., Major Products and Services
Products:

Steel Pipe Piling

Steel Pipes

ERW Steel Pipes

Hot Rolled Steel Sheets and Plates

Services:

Distribution
Source: Annual Report, Company Website, Primary and Secondary Research




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Friedman Industries, Inc. - Company Capsule                                                                     Page 3
Friedman Industries, Inc.

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Friedman Industries, Inc. - Key Competitors

The following companies are the major competitors of Friedman Industries, Inc.:

China Precision Steel, Inc.

United Capital Corp.

Universal Stainless & Alloy Products, Inc.




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Friedman Industries, Inc. - Company Capsule                                         Page 4
Friedman Industries, Inc.

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Friedman Industries, Inc. - Key Employees


Friedman Industries, Inc., Key Employees


             Name                          Job Title                      Board Level     Since   Age


Alan M. Rauch              Director                                 Non Executive Board   1980    75


                           Secretary, Treasurer, Senior Vice
Benny Harper                                                        Senior Management     1995    64
                           President - Finance


Charles W. Hall            Director                                 Non Executive Board   1974    80


Durga Agrawal              Director                                 Non Executive Board   2006    65


Harold Friedman            Chairman                                 Executive Board


Joe L. Williams            Director                                 Non Executive Board   2000    64


Joel Spira                 Director                                 Non Executive Board   2007    72


Max Reichenthal            Director                                 Non Executive Board   2008    52


Thomas Thompson            Vice President - Sales and Marketing     Senior Management     1995    59


                           Chief Executive Officer, President,
William E. Crow                                                     Executive Board       2007    63
                           Director

Source: Annual Report, Company Website, Primary and Secondary Research




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Friedman Industries, Inc. - Company Capsule                                                            Page 5
Friedman Industries, Inc.

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Friedman Industries, Inc. - Locations and Subsidiaries

Head Office

Friedman Industries, Inc.
4001 Homestead Road
Houston
Texas (TX)
Zip: 77026
United States
Tel: + 1 800 5278671
Fax: + 1 903 7582265




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Friedman Industries, Inc. - Company Capsule                                         Page 6
Friedman Industries, Inc.

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Friedman Industries, Inc. - Financial Ratios

Financial Ratios - Capital Market Ratios
Friedman Industries, Inc., Ratios based on current share price

                                                Key Ratios                                                            10-Sep-2010

P/E (Price/Earnings) Ratio                                                                                               67.79

EV/EBITDA (Enterprise Value/Earnings Before Interest, Taxes, Depreciation and Amortization)                              20.83

Enterprise Value/Sales                                                                                                   0.37

Enterprise Value/Operating Profit                                                                                        22.49

Enterprise Value/Total Assets                                                                                            0.38

Dividend Yield                                                                                                           0.01
Note: Above ratios are based on share price as of 10-Sep-2010. The above ratios are absolute numbers.
Source: Annual Report, Company Website, Primary and Secondary Research




Financi
				
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