Welcome to our dedicated page for Futurefuel news (Ticker: FF), a resource for investors and traders seeking the latest updates and insights on Futurefuel stock.
FutureFuel Corp. reports developments tied to its custom and performance chemicals business and its biofuels operations. The company manufactures specialty chemicals for specific customers and multi-customer applications, including agrochemicals, adhesion promoters, a biocide intermediate, antioxidant precursors, polymer modifiers, specialty chemicals and solvents. Its biofuels segment primarily produces and sells biodiesel.
Recurring news themes include quarterly and annual results, chemicals segment utilization, biodiesel production conditions, renewable-fuel regulatory factors, capital allocation through dividends and share repurchases, capacity and product commercialization projects, and board governance changes.
FutureFuel Corp. (NYSE:FF) reported a net income of $15.2 million, or $0.35 per diluted share for Q2 2020, a significant increase from $3.7 million in Q2 2019. However, revenues declined by 33.1% to $47.4 million, primarily due to lower selling prices and reduced sales volume in the biofuel and chemical segments. Adjusted EBITDA fell to $2.7 million, down 24.5%. For the first half of 2020, net income rose to $34.2 million from $9.2 million year-over-year, while total revenues decreased 15.8% to $100.5 million.
FutureFuel Corp (NYSE: FF) announced it will release its second quarter 2020 financial results on August 7, 2020, after market close. The company is known for manufacturing custom and performance chemicals as well as biofuels, primarily producing and selling biodiesel. FutureFuel's chemical segments include specialty and custom manufacturing products such as agrochemicals, polymer modifiers, and biocide intermediates. For more information, visit www.futurefuelcorporation.com.
FutureFuel Corp. (NYSE:FF) reported a net income of $19.0 million, or $0.44 per diluted share, for Q1 2020, significantly up from $5.5 million, or $0.13 per diluted share, in Q1 2019. Revenues reached $53.1 million, a 9.4% increase year-over-year. Adjusted EBITDA rose 87.9% to $10.2 million. The increase was attributed to the reinstatement of the Biodiesel Blenders’ Tax Credit and seasonal demand. FutureFuel also declared a special dividend of $3.00 per share, highlighting strong financial positioning despite challenges from low energy prices.