Welcome to our dedicated page for Flexible Solutn news (Ticker: FSI), a resource for investors and traders seeking the latest updates and insights on Flexible Solutn stock.
Flexible Solutions International, Inc. (FSI) is an environmental technology and specialty chemical manufacturer whose common stock trades on the NYSE American under the symbol FSI. Company news frequently highlights its work with biodegradable polymers for oil extraction, detergent ingredients, water treatment and crop nutrient availability chemistry, as well as biodegradable and environmentally safe water and energy conservation technologies.
Recent press releases emphasize the performance of the NanoChem division and ENP subsidiary, which the company identifies as dominant sources of revenue and cash flow. News items regularly cover quarterly financial results, including revenue trends, non-GAAP operating cash flow, and commentary on factors such as tariffs, cost of goods and capital expenditures related to facilities in Illinois and Panama.
Another recurring theme in FSI news is its expansion into food and nutrition supplement manufacturing markets. The company reports that it obtained FDA food grade approval for its Peru, Illinois plant and has since announced significant food grade contracts for that facility. News updates describe production starts for these contracts, payments for assisting in the development of new food grade products, and management’s discussion of how these agreements relate to its broader business.
FSI news also includes announcements about corporate actions and strategic decisions, such as the sale of the Mendota, Illinois plant while retaining a long-term lease for the ENP division, and an offer to acquire an agriculture-oriented company that was ultimately declined. Investors following FSI news can expect regular updates on earnings releases, conference call schedules, material contracts, facility changes and developments in its food grade and environmental technology operations.
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.
Flexible Solutions International (NYSE: FSI) reported a 30% year-over-year revenue increase for Q2 2022, with sales rising from $8.535 million in Q2 2021 to $11.125 million in Q2 2022. CEO Dan O’Brien expressed satisfaction with the revenue growth and optimism for the remainder of the year. Complete financial results will be available on August 15, 2022, aligning with the SEC quarterly filings. A conference call is scheduled for August 16, 2022, at 8:00 am PT.
Flexible Solutions International (NYSE-American: FSI) has achieved food grade compliance at its NanoChem facility in Peru, Illinois, after significant effort over the last 18 months. CEO Dan O'Brien emphasized the importance of this achievement for their expanding toll spray drying services. The company believes that this compliance opens up growth opportunities in a specialized industrial sector. Flexible Solutions specializes in biodegradable polymers and has a diverse range of products targeting environmental technology and crop enhancement.
Flexible Solutions International (FSI) reported strong Q1 2022 financial results, with sales increasing to $10,783,280 from $7,624,607 in Q1 2021. The net profit stood at $1,533,059, or $0.12 per share, which is consistent with the previous year's profit. Operating cash flow improved to $2,467,625 ($0.20 per share) from $1,429,112 ($0.12 per share) in 2021. CEO Daniel B. O’Brien mentioned ongoing challenges in international shipping, yet expressed a positive outlook for the next quarter.
Flexible Solutions International (NYSE-AMERICAN: FSI) announced a year-over-year revenue increase of approximately 41% for Q1 2022, with sales rising from $7.625 million in Q1 2021 to $10.783 million in Q1 2022. CEO Dan O'Brien noted that most of this increase comes from new business ventures, with the prior year’s delays also contributing to the growth. The complete financial results are expected on May 16, 2022, with a conference call scheduled for May 17, 2022.
Flexible Solutions International, Inc. (FSI) and Lygos, Inc. have announced a definitive all-stock merger agreement following a $160 million investment in Lygos to scale production. The merger aims to integrate their technologies to meet rising demand for sustainable chemical ingredients. The agreement has gained unanimous approval from both companies' boards and is expected to close in Q3 2022, pending stockholder approval. The merger positions FSI to enhance its biodegradable product offerings, with Lygos’ CEO set to lead the combined entity.
Flexible Solutions International (FSI) reported strong financial results for the year ended December 31, 2021, with revenues reaching $34.42 million, a 10% increase from the previous year. The net profit also rose by 16% to $3.45 million or $0.28 per share. Operating cash flow increased by 24% to $5.65 million. The company anticipates further growth in 2022, supported by new customer engagements and product introductions, despite facing significant increases in shipping costs and raw material prices.
Flexible Solutions International (FSI) reported a 23% year-over-year revenue increase for Q4 2021, with sales rising from $7.16 million in Q4 2020 to $8.82 million. CEO Dan O’Brien highlighted challenges such as material shortages and shipping issues but noted strong performance under these conditions. Full financial results will be released post-market on March 31, 2022, followed by a conference call on April 1, 2022.
Flexible Solutions International (FSI) reported strong Q3 results for 2021, with sales reaching $9,214,467, a 14% increase from the previous year. The net profit stood at $1,162,624, or $0.09 per share, compared to $582,369 or $0.05 per share in Q3 2020. The company's operating cash flow for the first nine months was $5,505,516, reflecting solid performance despite challenges in shipping and raw material prices. CEO Dan O'Brien indicated optimism for recovering profitability as market conditions improve.
Flexible Solutions International (FSI) reported a 14% increase in revenue for Q3 2021, generating $9.21 million compared to $8.11 million in Q3 2020. This growth reflects the company's successful push in the biodegradable polymer sector and its commitment to environmentally safe technologies. Complete financial results will be released on November 15, 2021, followed by a conference call on November 16 at 8:00 AM PT. FSI continues to innovate with products like WaterSavr and Heatsavr aimed at water and energy conservation.
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