Futurefuel Corp Stock Price, News & Analysis

FutureFuel Corp. (NYSE: FF) has announced it will release its first quarter 2023 financial results on May 9, 2023, after market close. The company specializes in manufacturing custom and performance chemicals alongside biodiesel biofuels. As a leader in the industry, FutureFuel serves a diverse clientele, producing specialty chemicals tailored for specific customers and performance chemicals that cater to multiple clients. Their product line includes proprietary intermediates, chlorinated polyolefin adhesion promoters, antioxidant precursors, polymer modifiers, and various small-volume specialty chemicals. The company's biodiesel segment primarily focuses on production and sales to its customers.

FutureFuel Corp. reported a fourth-quarter net income of $14.9 million or $0.34 per diluted share, a decrease from $22.3 million in Q4 2021. Revenue rose to $117.8 million, up 10% year-over-year, driven by higher prices in the biodiesel and glycerin markets. Full-year net income was $15.2 million, down 42% from $26.3 million in 2021, with total revenues increasing by 23% to $396 million. Adjusted EBITDA for 2022 was $52.5 million, reflecting a 55% increase. Challenges included low biodiesel volumes and volatility in heating oil futures, which impacted margins and operations.

FutureFuel Corp. (NYSE: FF) announced it will release its year-end 2022 financial results on March 14, 2023, after market close. The company specializes in manufacturing custom and performance chemicals, as well as biofuels. Its diversified product offerings include specialty chemicals for major chemical companies and biodiesel production. FutureFuel aims to cater to specific customer needs with its unique chemical formulations.

FutureFuel Corp. (NYSE: FF) announced its 2023 quarterly dividend program, declaring a cash dividend of $0.06 per share. The record and payment dates for the dividends are as follows:

• March 1, 2023 - Payment on March 15, 2023
• June 1, 2023 - Payment on June 15, 2023
• September 1, 2023 - Payment on September 15, 2023
• December 1, 2023 - Payment on December 15, 2023

This indicates FutureFuel's commitment to returning value to shareholders.

FutureFuel Corp. (NYSE:FF) reported a strong third quarter for 2022, with net income of $15.8 million, or $0.36 per diluted share, marking a 71% increase from the previous year. Revenues rose 20% to $118.1 million, driven by higher sales prices in the biofuels segment. Adjusted EBITDA reached $14.8 million, up from $11.1 million. However, for the nine-month period, net income declined 93% to $0.3 million, primarily due to $21.9 million in losses from derivative instruments. FutureFuel's cash position improved to $210 million.

FutureFuel Corp. (NYSE: FF) will announce its third quarter 2022 financial results after the market closes on November 9, 2022. The company specializes in the manufacturing of diversified chemical and biofuel products, including custom and performance chemicals.

FutureFuel Corp. (NYSE:FF) reported a net loss of $3.1 million, or $0.07 per diluted share for Q2 2022, compared to a net income of $3.5 million in Q2 2021. Revenues rose 59% to $117.8 million, driven by increased prices in the biofuels segment. Adjusted EBITDA reached $18.7 million, a significant improvement from $4.7 million a year earlier. The company also noted lesser sales volumes in both its biofuels and chemicals segments.

Despite these challenges, FutureFuel is optimistic about its future, especially after amending its derivative strategy to mitigate market risks.