Flexible Solutn Stock Price, News & Analysis

Flexible Solutions International (NYSE-AME: FSI) announced a special dividend of five cents per share, payable on May 16, 2023, to shareholders on record as of April 28, 2023. The company’s current financial health allows it to reward shareholders despite this being a non-regular dividend. CEO Dan O'Brien indicated that the board will continue to assess retained earnings and capital needs with the aim of growing the company and potentially declaring dividends in the future. Flexible Solutions specializes in biodegradable polymers for various applications including oil extraction, and water and energy conservation technologies.

Flexible Solutions International (FSI) announced its first quarter 2023 revenue results, reporting a decrease in sales compared to the same period last year. Q1 2023 revenue fell to $9.883 million, down approximately 8% from $10.783 million in Q1 2022. CEO Dan O’Brien attributed this decline to weaker agricultural market sales, potentially linked to weather conditions and distribution order practices. The company expects a recovery in agricultural sales during Q2. Detailed financial results will be disclosed on May 15, 2023, alongside SEC filings. A conference call is tentatively set for May 16, 2023.

Flexible Solutions International (NYSE Amex: FSI) reported strong financial results for the year ending December 31, 2022. Sales increased by approximately 33%, reaching $45,840,469, compared to $34,416,335 in 2021. Net income surged to $7,021,604, or $0.57 per share, from $3,449,162, or $0.28 per share, in the previous year. The growth was partly fueled by a significant income tax carry forward rebate. Despite achieving these results, CEO Daniel B. O’Brien cautioned about ongoing challenges such as high input costs and inflation, but he anticipates continued revenue and profit growth in 2023. A conference call is scheduled for April 3, 2023, to discuss these results further.

Flexible Solutions International (NYSE: FSI) reported a notable revenue increase for Q4 and full-year 2022. Q4 revenue surged to $12.1 million, a 34% rise from $9.04 million in Q4 2021. Full-year revenue improved from $34.4 million in 2021 to $45.7 million in 2022, reflecting a 33% increase. The CEO, Dan O’Brien, attributed this growth to the collective efforts of the team. Detailed financial results will be available on March 31, 2023, with a conference call set for April 3, 2023.

Flexible Solutions International (NYSE Amex: FSI) announced its Q3 2022 financial results, marking the third consecutive record revenue quarter with a 27% increase in sales to $11.69 million. Despite rising raw material costs impacting profits, net income for Q3 was $1.11 million or $0.09 per share. Year-to-date sales rose 33% to $33.63 million with a 14% profit increase, totaling $4.30 million. The company's NanoChem division remains a key revenue driver, and CEO Dan O'Brien forecasts positive results for Q4.

Flexible Solutions International (NYSE-AMERICAN: FSI) reported a 27% increase in revenue for Q3 2022, rising to $11.683 million from $9.214 million in Q3 2021. This growth reflects the company's strong performance in biodegradable polymers for oil extraction, water treatment, and energy conservation technologies. Full financial results will be released on November 14, 2022, alongside an SEC filing. A conference call is scheduled for November 15.

Flexible Solutions International (NYSE: FSI) has announced the termination of its Merger Agreement with Lygos Inc. on September 30, 2022. Despite this setback, both companies remain dedicated to collaborating on the development of sustainable aspartic acid and biodegradable products derived from it. FSI, based in Victoria, British Columbia, specializes in biodegradable polymers for various applications including oil extraction and water treatment. The company continues to focus on innovation in environmental technologies.

Flexible Solutions International reported strong Q2 2022 results, with sales reaching $11,165,143, up from $8,535,451 in Q2 2021. The net profit was $1,662,454 or $0.13 per share, compared to $1,176,761 or $0.10 per share year-over-year. Operating cash flow for the first half of 2022 was $4,560,754, an increase from $3,293,783 in the prior year. The CEO emphasized their commitment to maintaining growth momentum in the coming quarters.

Flexible Solutions International (FSI) has filed a registration statement with the U.S. SEC on July 25, 2022, regarding its planned all-stock merger with Lygos. This merger aims to create a leading sustainable specialty ingredient company, backed by a $160 million growth capital investment in Lygos. Both companies' boards have unanimously approved the agreement, which requires shareholder approval and satisfaction of customary closing conditions. The merger is expected to enhance FSI's biodegradable product offerings using Lygos' fermentation technology.