| Business Summary | | Friedman
Industries,
Incorporated,
is
in
the
steel
processing
and
distribution
business.
The
Company
has
two
product
groups:
coil
processing
and
tubular
products.
For
coil
processing,
the
Company
purchases
domestic
and
foreign
hot-rolled
steel
coils,
processes
the
coils
into
steel
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.
Through
its
Texas
Tubular
Products
operation
in
Lone
Star,
Texas,
the
Company
purchases,
processes,
manufactures
and
markets
tubular
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FRD,
a
steel
processing
company,
operates
within
two
product
groups,
coil
processing
(processes
steel
coils
into
finished
sheets
and
plates)
and
tubular
products
(markets
and
processes
pipes).
For
the
three
months
ended
6/30/01,
revenues
fell
14%
to
$27.9
million.
Net
income
fell
45%
to
$440
thousand.
Revenues
reflect
the
softening
market
condition
for
the
coil
operation
and
decreased
prices.
Earnings
also
reflect
lower
invested
cash
positions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Jack Friedman, 79 Chairman,
CEO | $180K | -- | William Crow, 53 Pres,
COO | 180K | -- | Harold Friedman, 70 Vice
Chairman | 191K | -- | Benny Harper, 54 Sr.
VP of Fin., Treasurer, Sec. | 157K | $6.9K | Thomas Thompson, 49 Sr.
VP of Sales, Marketing | 157K | -- | Dollar
amounts are as of 31-Mar-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|