Business
Friedman Industries, Incorporated Announces Transfer to Nasdaq
Nasdaq trading commences on April 8, 2025Improves Friedman’s visibility in the capital marketsIncreases potential for improved trading liquidity and
About this update from Friedman Industries Inc.
[{"type":"text","content":"Nasdaq trading commences on April 8, 2025Improves Friedman’s visibility in the capital marketsIncreases potential for improved trading liquidity and diversified share ownership LONGVIEW, Texas, March 27, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD), a leading manufacturer and processor of steel products, announced today it will transfer its common stock listing to the Nasdaq Global Select Market (“Nasdaq”) and commence trading effective April 8, 2025, under the symbol “FRD”. The Company’s common stock will continue to trade on the NYSE American through market close on April 7, 2025. “As we grow, we want to increase our market visibility and attract more investor capital” said Michael Taylor, President and Chief Executive Officer. “We believe that Nasdaq provides more potential for improved trading liquidity, as well as increased institutional ownership and capital inflows. Listing on Nasdaq aligns with our goal of building Friedman’s long-term equity value.” LINK TO OUR LATEST INVESTOR PRESENTATION, available at www.friedmanindustries.com/investor-presentation About Friedman Industries Friedman Industries, Incorporated (“Company”), headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama; East Chicago, Indiana; Granite City, Illinois; Sinton, Texas and Lone Star, Texas. The Company has two reportable segments: flat-roll products and tubular products. The flat-roll product segment consists of the operations in Hickman, Decatur, East Chicago, Granite City and Sinton where the Company 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 the operations in Lone Star where the Company manufactures electric resistance welded pipe and distributes pipe through its Texas Tubular Products division. Cautionary Note Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, and such statements involve risk and uncertainty. Forward-looking statements include those preceded by, f...