| Address:
|
4001 HOMESTEAD RD
|
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77028 |
| Telephone: |
713-672-9433 |
|
Description of Business
|
Primary SIC Code:
3310 |
| (As filed with the SEC)
|
|
|
Friedman Industries, Incorporated (the "Company"), a Texas corporation
incorporated in 1965, is engaged in steel processing, pipe manufacturing and
processing and steel and pipe distribution.
The Company has two product groups: coil and tubular products. Significant
financial information relating to the Company's product groups for the last two
years is contained in Note 7 of the Consolidated Financial Statements included
in the Company's Annual Report to Shareholders for the fiscal year ended
March 31, 2011, which financial statements are incorporated herein by reference
in Item 8 hereof.
Coil Products
The Company purchases hot-rolled steel coils, processes the coils into flat,
finished sheet and plate and sells these products on a wholesale, rapid-delivery
basis in competition with steel mills, importers and steel service centers. The
Company also processes customer-owned coils on a fee basis. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.34 | 0.130 | 6.52 | | 06/2011 | 1.26 | 0.130 | 8.50 | | 03/2011 | 1.20 | 0.110 | 8.49 | | 12/2010 | 0.89 | 0.110 | 9.83 | | 09/2010 | 0.62 | 0.080 | 11.02 | | 06/2010 | 0.33 | 0.040 | 16.88 | | 03/2010 | 0.10 | 0.010 | 57.30 | | 12/2009 | -0.11 | 0.010 | N/E |
Key Financial Ratios and Statistics |
FYE:
03/31 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.26 | Total Liab/Total Assets | 0.15 | | Net Inc/Total Assets | 0.12 | Total Liab/Inv Cap | 0.18 | | Net Inc/Inv Cap | 0.14 | Total Liab/Comm Equity | 0.34 | | Pretax Inc/Net Sales | 0.09 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | -0.05 | LTD/Equity | NA | | SG&A/NetSales | 0.04 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 12.38 | Quick Ratio | 2.10 | | Inventory Turnover | 4.18 | Current Ratio | 5.76 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.23 | | Net Sales/Work Cap | 2.92 | Inv/Curr Assets | 0.64 | | Net Sales/PP&E | 9.32 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
42.04
|
38.94
|
42.00
|
31.14
|
|
Cost of Goods Sold
|
37.15
|
34.78
|
35.79
|
27.37
|
|
Selling & Admin Exps
|
1.43
|
1.42
|
1.55
|
1.16
|
|
Operating Income
|
3.46
|
2.74
|
4.66
|
2.61
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
3.48
|
2.75
|
4.67
|
2.62
|
|
Other Income
|
NA
|
NA
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
2.31
|
1.83
|
3.20
|
1.73
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
19.56
|
17.00
|
7.21
|
16.45
|
|
Receivables - Total
|
12.27
|
11.37
|
12.59
|
7.17
|
|
Inventories - Total
|
26.26
|
29.62
|
34.68
|
27.25
|
|
Total Current Assets
|
58.33
|
58.16
|
54.56
|
51.01
|
|
Net Property, Plant & Equipment
|
13.42
|
13.84
|
14.13
|
14.57
|
|
Total Assets
|
72.68
|
72.90
|
69.58
|
66.45
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
10.01
|
11.66
|
9.42
|
8.78
|
|
Debt in Current Liabilities
|
NA
|
NA
|
0.00
|
0.00
|
|
Total Current Liabilities
|
10.19
|
11.84
|
9.47
|
8.98
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
11.49
|
13.15
|
10.78
|
10.11
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
7.98
|
7.98
|
7.98
|
7.98
|
|
Retained Earnings
|
29.68
|
28.25
|
27.30
|
24.85
|
|
Treasury Stock
|
-5.48
|
-5.48
|
-5.48
|
-5.48
|
|
Total Stockholders' Equity
|
61.18
|
59.75
|
58.80
|
56.35
|
|
Total Liabilities and Stockholders' Equity
|
72.68
|
72.90
|
69.58
|
66.45
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
3.50
|
10.72
|
-8.44
|
0.55
|
|
Net Cash Provided by Investing Activities
|
-0.06
|
-0.18
|
-0.05
|
-0.03
|
|
Net Cash Provided by Financing Activities
|
-0.88
|
-0.75
|
-0.75
|
-3.94
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 03/2007 | 199.73 | 7.02 | 1.04 | | 03/2008 | 178.79 | 4.47 | 0.66 | | 03/2009 | 208.78 | 13.67 | 2.01 | | 03/2010 | 65.13 | 0.65 | 0.10 | | 03/2011 | 131.71 | 8.16 | 1.20 | | Growth Rates | -9.89 | 3.83 | 3.64 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 33 | 2,143 | 31.53 |
|
Report Date :
2/6/2012
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