Business UpdateJun 11, 2026, 04:37 PM
Friedman Industries Details Business Segments and Cybersecurity Measures in 10-K
AI Summary
Friedman Industries, Inc. filed its 10-K report for the fiscal year ended March 31, 2026. The company operates two main business segments: flat-roll products, which constituted 92% of fiscal 2026 sales, and tubular products, accounting for 8%. The filing details the operations of its various processing and distribution facilities across the US. The company also highlighted its cybersecurity governance and controls, stating it is not aware of any unmitigated risks. Key executive officers and property details are also included.
Key Highlights
- Friedman Industries operates in two segments: flat-roll products (92% of fiscal 2026 sales) and tubular products (8% of fiscal 2026 sales).
- The flat-roll segment has processing facilities across six US states and a distribution facility in Florida.
- The tubular product segment operates from Lone Star, Texas, with two API-licensed pipe mills.
- O'Neal Steel accounted for approximately 15% of total sales in fiscal 2026 and 16% in fiscal 2025.
- The company had 381 full-time employees as of March 31, 2026.
- Friedman Industries has implemented a comprehensive cybersecurity program aligned with the NIST Cybersecurity Framework.
- The company is not aware of any unmitigated cybersecurity risks or prior incidents that materially affected operations.
Price Impact
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