Friedman Industries joins Russell 2000, Russell 3000 Indexes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2025
0mins
Friedman Industries' Index Inclusion: Friedman Industries has been added to the Russell 3000 Index as part of its 2025 reconstitution.
Effective Date: The inclusion will take effect after the US market opens on June 30, 2025, and will remain for one year until the next reconstitution.
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Analyst Views on FRD
About FRD
Friedman Industries, Incorporated is a manufacturer and processor of steel products. The Company has two segments: flat-roll products and tubular products. The flat-roll product segment consists of operations in Hickman, Decatur, East Chicago, Granite City and Sinton, where it processes hot-rolled steel coils. The Hickman, East Chicago and Granite City facilities operate temper mills and corrective leveling cut-to-length lines. The Sinton and Decatur facilities operate stretcher-leveler cut-to-length lines. The tubular product segment consists of operations in Lone Star, where it manufactures electric resistance welded pipe and distributes pipe through its Texas Tubular Products division. TTP operates two electric resistance welded pipe mills with a combined outside diameter (OD) size range of 2 3/8' OD to 8 5/8' OD. Both pipe mills are American Petroleum Institute (API) licensed to manufacture line pipe and oil country pipe and also manufacture pipe for structural purposes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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