{"id":865014,"date":"2025-06-30T10:00:22","date_gmt":"2025-06-30T14:00:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/"},"modified":"2025-06-30T10:00:22","modified_gmt":"2025-06-30T14:00:22","slug":"friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/","title":{"rendered":"Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>\n          <strong>Supports Friedman\u2019s increased visibility in the capital markets and potential for increased trading volume<\/strong>\n        <\/li>\n<li>\n          <strong>Follows the Company\u2019s transfer to Nasdaq listing in April 2025<\/strong>\n        <\/li>\n<li>\n          <strong>Index inclusion effective June 30, 2025 <\/strong><\/p>\n<\/li>\n<\/ul>\n<p align=\"justify\">LONGVIEW, Texas, June  30, 2025  (GLOBE NEWSWIRE) &#8212; Friedman Industries, Incorporated (NASDAQ\/GS: FRD), a leading manufacturer and processor of steel products, today announced that it has been added as a member of the broad-market Russell 3000<sup>\u00ae <\/sup>Index as part of the 2025 reconstitution of Russell indexes. The Company\u2019s inclusion is effective after the US market opens on June 30, 2025 and continues for one year until consideration in the next reconstitution. \u201cInclusion in major indexes aligns with our efforts to increase market visibility and attract more investor capital to support Friedman\u2019s growth and long-term equity value,\u201d said Michael Taylor, President and Chief Executive Officer.\u00a0 \u201cWe took an important first step earlier this year by listing on Nasdaq to enhance trading liquidity, increase institutional ownership, and improve capital inflows.\u201d\u00a0<\/p>\n<p align=\"justify\">Membership in the Russell 3000<sup>\u00ae<\/sup> Index means automatic inclusion in the small-cap Russell 2000<sup>\u00ae<\/sup> Index as well as the appropriate growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.<\/p>\n<p>\n        <strong>About Friedman Industries<\/strong>\n      <\/p>\n<p align=\"justify\">Friedman Industries, Incorporated (\u201cCompany\u201d), 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.<\/p>\n<p align=\"justify\">For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=axCOHXRo6Ygmrs78L86ySJgO4cz-HU4dsVWjennhz4r9OmMszTjhs9JUDvMNNgaL7ybKSaUOJOHAMwjCns9b3FMe9Sna7E4_79vNNe7J-TLt_26cd18NWSoJ8bAkNP8J\" rel=\"nofollow\" target=\"_blank\">www.friedmanindustries.com<\/a>.<\/p>\n<p>\n        <strong>About FTSE Russell, an LSEG Business<\/strong>\n      <\/p>\n<p align=\"justify\">FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.\u00a0FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.\u00a0<\/p>\n<p align=\"justify\">FTSE Russell is wholly owned by London Stock Exchange Group.\u00a0<\/p>\n<p align=\"justify\">For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Sk_ZUQe1FIzkWFHwb089ptj31DARb_LezMr1TAX1-8L7NuWgL42cSMQvEgMojOSk4Zf8cAqBAzHa_sMGS1cx0dBOUASMdavbPDMFwNLx6K8=\" rel=\"nofollow\" target=\"_blank\">FTSE Russell<\/a>.<\/p>\n<p>\n        <strong>Cautionary Note Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This news release contains 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, followed by or including the words \u201cwill,\u201d \u201cexpect,\u201d \u201cintended,\u201d \u201canticipated,\u201d \u201cbelieve,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cpropose,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201cenable,\u201d and similar expressions, including, for example, statements about our business strategy, our industry, our future profitability, growth in the industry sectors we serve, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions, future production capacity and product quality.\u00a0 Forward-looking statements may be made by management orally or in writing including, but not limited to, this news release.\u00a0\u00a0<\/p>\n<p align=\"justify\">Forward-looking statements are not guarantees of future performance. These statements are based on management\u2019s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Although forward-looking statements reflect our current beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements.<\/p>\n<p align=\"justify\">Actual results and trends in the future may differ materially depending on a variety of factors including, but not limited to, changes in the demand for and prices of the Company\u2019s products, changes in government policy regarding steel, changes in the demand for steel and steel products in general and the Company\u2019s success in executing its internal operating plans, changes in and availability of raw materials, our ability to satisfy our take or pay obligations under certain supply agreements, unplanned shutdowns of our production facilities due to equipment failures or other issues, increased competition from alternative materials and risks concerning innovation, new technologies, products and increasing customer requirements. Accordingly, undue reliance should not be placed on our forward-looking statements. Such risks and uncertainty are also addressed in our Management\u2019s Discussion and Analysis of Financial Condition and Results of Operations and other sections of the Company\u2019s filings with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d), including the Company\u2019s Annual Report on Form 10-K and its other Quarterly Reports on Form 10-Q.\u00a0We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except to the extent law requires.<\/p>\n<p align=\"justify\">For further information, contact Alex LaRue, Chief Financial Officer \u2013 Secretary and Treasurer, at (903)758-3431.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NjU0MCM3MDI0NDA0IzIwOTcyNTA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NWU0NmMyYmMtZTc5My00NGEyLWI1NTMtZWZjNzU0Mzg3ODMwLTExMDg4MjEtMjAyNS0wNi0zMC1lbg==\/tiny\/Friedman-Industries-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Supports Friedman\u2019s increased visibility in the capital markets and potential for increased trading volume Follows the Company\u2019s transfer to Nasdaq listing in April 2025 Index inclusion effective June 30, 2025 LONGVIEW, Texas, June 30, 2025 (GLOBE NEWSWIRE) &#8212; Friedman Industries, Incorporated (NASDAQ\/GS: FRD), a leading manufacturer and processor of steel products, today announced that it has been added as a member of the broad-market Russell 3000\u00ae Index as part of the 2025 reconstitution of Russell indexes. The Company\u2019s inclusion is effective after the US market opens on June 30, 2025 and continues for one year until consideration in the next reconstitution. \u201cInclusion in major indexes aligns with our efforts to increase market visibility and attract more investor capital to support &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-865014","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Supports Friedman\u2019s increased visibility in the capital markets and potential for increased trading volume Follows the Company\u2019s transfer to Nasdaq listing in April 2025 Index inclusion effective June 30, 2025 LONGVIEW, Texas, June 30, 2025 (GLOBE NEWSWIRE) &#8212; Friedman Industries, Incorporated (NASDAQ\/GS: FRD), a leading manufacturer and processor of steel products, today announced that it has been added as a member of the broad-market Russell 3000\u00ae Index as part of the 2025 reconstitution of Russell indexes. The Company\u2019s inclusion is effective after the US market opens on June 30, 2025 and continues for one year until consideration in the next reconstitution. \u201cInclusion in major indexes aligns with our efforts to increase market visibility and attract more investor capital to support &hellip; Continue reading &quot;Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-30T14:00:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NjU0MCM3MDI0NDA0IzIwOTcyNTA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes\",\"datePublished\":\"2025-06-30T14:00:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\\\/\"},\"wordCount\":977,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ4NjU0MCM3MDI0NDA0IzIwOTcyNTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\\\/\",\"name\":\"Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/","og_locale":"en_US","og_type":"article","og_title":"Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes - Market Newsdesk","og_description":"Supports Friedman\u2019s increased visibility in the capital markets and potential for increased trading volume Follows the Company\u2019s transfer to Nasdaq listing in April 2025 Index inclusion effective June 30, 2025 LONGVIEW, Texas, June 30, 2025 (GLOBE NEWSWIRE) &#8212; Friedman Industries, Incorporated (NASDAQ\/GS: FRD), a leading manufacturer and processor of steel products, today announced that it has been added as a member of the broad-market Russell 3000\u00ae Index as part of the 2025 reconstitution of Russell indexes. The Company\u2019s inclusion is effective after the US market opens on June 30, 2025 and continues for one year until consideration in the next reconstitution. \u201cInclusion in major indexes aligns with our efforts to increase market visibility and attract more investor capital to support &hellip; Continue reading \"Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-30T14:00:22+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NjU0MCM3MDI0NDA0IzIwOTcyNTA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes","datePublished":"2025-06-30T14:00:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/"},"wordCount":977,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NjU0MCM3MDI0NDA0IzIwOTcyNTA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/friedman-industries-incorporated-joins-russell-2000-and-russell-3000-indexes\/","name":"Friedman Industries, Incorporated Joins Russell 2000\u00ae and Russell 3000\u00ae Indexes - 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