 Friedman Industries, Incorporated announced today a share repurchase program authorized by the Board of Directors on June 25, 2020 under which the Company may repurchase up to 1,062,067 shares of the Companys outstanding common stock through June 30, 2023, which equates to 15 of the Companys outstanding shares of common stock as of June 29, 2020. Repurchases under the program may be made from time to time at the Companys discretion and may be made in open market transactions, through block trades, in privately negotiated transactions and pursuant to any trading plan that may be adopted by the Companys management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise. The repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time. 