Futurefuel Corp - FF STOCK NEWS

FutureFuel Corp. (NYSE: FF) has expanded its Board of Directors to nine members with the appointment of Pamela R. Butcher as a Class C director, effective April 3, 2025. Butcher brings extensive chemical industry experience, having served as CEO, President, and COO of Pilot Chemical Corp. from 2010 to 2021, and holding various leadership positions at Dow Chemical Company from 1980 to 2009.

Butcher currently serves on the boards of J.M. Huber and Pilot Chemical Corp. Her compensation will align with FutureFuel's 2024 director compensation arrangements, pro-rated for her first year. Additionally, she will receive an option to purchase 10,000 shares of company common stock, expiring in April 2030, under the company's 2017 Omnibus Incentive Plan.

FutureFuel Corp. (NYSE: FF) reported its 2024 financial results with notable declines across key metrics. The company posted net income of $15.5 million ($0.35 per diluted share), down from $37.4 million in 2023. Annual revenues decreased 34% to $243.3 million, while Adjusted EBITDA fell to $17.6 million from $35.0 million.

Q4 2024 showed significant decreases with revenues at $61.5 million (down 33%) and net income at $2.8 million ($0.06 per diluted share). The company faced challenges including chemical customer destocking and lower biodiesel production yields, leading to a plant shutdown extending through Q1 2025. Capital expenditures increased to $14,668 in 2024, primarily for a new custom chemical plant expected to complete mid-2025.

The company maintained its quarterly dividend of $0.06 per share and reported cash and cash equivalents of $109,541, down from $219,444 in 2023 after a special dividend payment of $2.50 per share.

FutureFuel Corp. (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, has announced it will release its Q4 and full-year 2024 financial results on March 28, 2025, after market close.

The company has also disclosed the initiation of its BioDiesel plant restart at its Batesville, Arkansas facility this week. This follows previously announced turnaround activities that began in December 2024 and continued through March 2025. Other processes at the facility have already resumed operations in early March 2025.

FutureFuel Corp. (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, has announced a delay in releasing its financial and operating results for the fourth quarter and year ended December 31, 2024. The postponement is necessary to complete certain procedures by both the company and its independent registered public accounting firm.

The company stated it will announce the new release date for its financial results once all required procedures are completed.

FutureFuel Corp. (NYSE: FF) has announced delays in the completion of its Batesville, Arkansas facility turnaround initially planned through February 2025. The company, which manufactures custom and performance chemicals and biofuels, reported that severe weather conditions in the Batesville area have disrupted their restart timeline.

While most processes are expected to resume in early March 2025, biodiesel production faces a more significant delay, with restart operations postponed until at least the end of March 2025.

FutureFuel Corp (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, has achieved a significant milestone by receiving a Bronze Medal from EcoVadis for its sustainability performance. The company scored in the 73rd percentile in its first year of evaluation.

EcoVadis, a leading global provider of business sustainability ratings, assessed FutureFuel's performance across four key categories: environment, labor and human rights, ethics, and sustainable procurement. The assessment platform encompasses a network of over 150,000 rated companies across more than 180 countries, all committed to building a sustainable future.

This recognition highlights FutureFuel's dedication to Environmental, Social, and Governance (ESG) principles and demonstrates its commitment to enhancing transparency and positive impacts in sustainability practices.

FutureFuel Corp. (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, has announced it will release its year-end 2024 financial results after market close on Friday, March 14, 2025. The company will provide detailed information about its financial performance and business operations for the fiscal year 2024.

FutureFuel Corp. (NYSE: FF) announced significant delays in its Biodiesel production operations. The company's scheduled annual maintenance and turnaround of its Biodiesel plant, which began in late December 2024, has proven more extensive than anticipated and is expected to continue through February 2025. No Biodiesel production will occur until the turnaround is complete.

Adding to the complexity, the Blenders' Tax Credit (Section 40A) expired on December 31, 2024, and has been replaced by the producer's tax credit (IRA 45Z) effective January 1, 2025. However, insufficient details from government agencies regarding IRA 45Z implementation have created industry-wide uncertainty, causing multiple Biodiesel producers to suspend operations. FutureFuel is monitoring the situation to determine its future approach to Biodiesel production.

FutureFuel Corp. (NYSE: FF) has announced receiving Excise Tax Registration approval from the Internal Revenue Service, marking a important first step towards eligibility for the Internal Revenue Code 45Z credit (clean fuel production tax credit). The tax credit, initially approved in August 2022, became effective January 1, 2025. FutureFuel, which has an annual biodiesel production capacity of 60 million gallons, is awaiting further guidance from the IRS regarding the implementation of this tax credit, along with other Renewable Fuel Producers.