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Flexible Solutions International, Inc. - $FSI STOCK NEWS

Welcome to our dedicated page for Flexible Solutions International news (Ticker: $FSI), a resource for investors and traders seeking the latest updates and insights on Flexible Solutions International stock.

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News
Rhea-AI Summary
Flexible Solutions International, Inc. (FSI) announces first quarter 2024 revenue results, with a slight decrease of approximately 6% compared to the same period in 2023. The company also declares a ten cent special dividend to be paid to shareholders in May 2024. Sales in Q1 were lower than the previous year but showed improvement compared to the previous quarter and the overall year of 2023. The company remains optimistic about future growth and continues to focus on both company growth and shareholder dividends.
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11.33%
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Flexible Solutions International, Inc. reports financial results for full year 2023, with sales at $38.3 million, down 16% from the previous year. Net income was $2.8 million, or $0.22 per share, compared to $7 million in 2022. The company's Non-GAAP operating cash flow was $4.6 million, or $0.37 per share, down from $8.4 million in 2022.
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Flexible Solutions International, Inc. (FSI) announces a decrease in revenue for the fourth quarter and full year of 2023, with sales dropping by approximately 24% year over year in Q4 and a full year decrease of 17%. The CEO attributes this to the company's raw material inventory costs and customer expectations. FSI plans to recover margins and resume growth in 2024.
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0.56%
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Flexible Solutions International, Inc. (NYSE Amex: FSI) announces a poor third-quarter financial performance, with a 25% decrease in sales compared to the same period last year. The net loss was $(718,161), or $(0.06) per share, in Q3, 2023, attributed to higher cost of goods, lower sales, and product mix. The Company plans to review operating costs and seek lower cost of goods to regain profitability. The NanoChem division and ENP subsidiary remain the main sources of revenue and cash flow. A conference call with CEO, Dan O'Brien, is scheduled for November 15th, 2023, to address these financial results.
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-2.22%
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-11.99%
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Flexible Solutions International, Inc. (FSI) has announced its top line revenue for the second quarter of 2023. Sales decreased by approximately 7% compared to the same period last year, with revenue dropping from $11.165 million in Q2 2022 to $10.330 million in Q2 2023. Complete financial results will be available on August 14, 2023, and a conference call is scheduled for August 15, 2023.
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Flexible Solutions International, Inc. (FSI) has invested in a property in Mendota, IL. FSI has purchased 80% of an Illinois LLC, called 317 Mendota, which owns an industrial building. FSI subsidiary, ENP, will lease some space in the building and consolidate all operations there. This move will allow NCS subsidiary to occupy space in Peru, IL currently used by ENP. FSI expects the building to support the anticipated growth of both subsidiaries. Additional space in the building will be leased to other companies, with positive cash flow expected in 2024 and beyond.
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1.78%
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-2.41%
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Flexible Solutions International, Inc.

NYSE:FSI

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25.03M
8.15M
45.51%
9.08%
0.09%
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