Welcome to our dedicated page for Future Fuel Corporation news (Ticker: FF), a resource for investors and traders seeking the latest updates and insights on Future Fuel Corporation stock.
FutureFuel Corporation (FF) is a prominent U.S. manufacturer specializing in premium biofuels and specialty organic chemicals. Headquartered in Clayton, St. Louis, and publicly traded on the NYSE under the ticker symbol FF, FutureFuel operates a world-class integrated manufacturing facility in north-central Arkansas.
The company's operations are segmented into two primary divisions: Biofuels and Chemicals. The biofuel segment is dedicated to producing high-quality biodiesel and other petroleum products using a blend of diesel, vegetable oils, and grease feedstock. This segment has witnessed significant activity, selling 19 million gallons of biodiesel in a recent quarter, despite challenges such as fluctuating feedstock prices and varying Renewable Identification Number (RIN) values.
The chemicals segment is bifurcated into custom manufacturing and performance chemicals. It includes FutureFuel's branded line of specialty chemical products used in a variety of applications, from agricultural chemicals like herbicides to detergents and coatings. The segment's performance was impacted by global glycerin price drops and high inventory levels in North America.
FutureFuel's commitment to safety and environmental responsibility is paramount. The company maintains rigorous standards to ensure the well-being of its employees and the community. Leveraging its extensive expertise, FutureFuel has become a leading U.S. manufacturer of premium biodiesel, contributing to sustainable energy solutions.
In recent financial updates, FutureFuel reported a net income of $2.8 million or $0.06 per diluted share for the first nine months of 2023. Adjusted EBITDA was stated at $9.7 million, reflecting the dynamic conditions of the biofuel and chemical markets. Looking ahead, the company is focused on developing new customers and products to bolster growth in its chemical segment.
FutureFuel's robust financial health is underscored by significant capital expenditures and strong cash reserves. The company also declared a special cash dividend of $2.50 per share in early 2024, demonstrating its commitment to delivering value to shareholders despite market volatility.
For the latest news and updates on FutureFuel Corporation, including financial results and strategic developments, visit our dedicated news section on StockTitan.
FutureFuel reported a challenging Q3 2024 with revenues declining 56% to $51.1 million from $116.8 million in Q3 2023. The company posted a net loss of $1.2 million ($0.03 per share), compared to net income of $2.8 million ($0.06 per share) in the prior year. The decline was primarily due to lower biofuel sales volumes and prices, along with an unplanned infrastructure outage affecting biodiesel production. The chemical segment faced sluggish demand and margin pressure. For the nine months ended September 30, 2024, revenues decreased 34% to $181.8 million, with net income falling to $12.7 million ($0.29 per share) from $14.0 million ($0.32 per share) in 2023.
FutureFuel Corp. (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, has announced that it will release its third quarter 2024 financial results after market close on Friday, November 8, 2024. The company, which trades on the New York Stock Exchange under the ticker symbol FF, specializes in producing custom and performance chemicals as well as biofuels.
FutureFuel Corp. (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, has announced the retirement of Tom McKinlay from his position as Chief Executive Officer. The Board of Directors expressed their gratitude for McKinlay's significant contributions to the company, highlighting his leadership, knowledge, and expertise as instrumental to FutureFuel's success. McKinlay served as CEO since 2022 and previously held the position of Chief Operating Officer from 2017. The Board emphasized McKinlay's passion and commitment to the company, its employees, customers, and community throughout his tenure.
FutureFuel Corp. (NYSE: FF) has appointed Roeland Polet as its new Chief Executive Officer, effective September 3, 2024. Polet, with over 35 years of leadership experience in specialty chemicals, succeeds Tom McKinlay, who is retiring. Polet's background includes significant roles at Koninklijke DSM N.V., where he served as CEO of DSM Materials, contributing to market share and profitability gains. He has also held senior positions at Valspar , Celanese , and Carbolite Foods, Inc.
In his new role, Polet aims to expand FutureFuel's market presence, commercialize new products and technologies, and drive performance. Don Bedell, Vice Chairman of the Board, expressed confidence in Polet's industry experience and proven record in strategy, innovation, and team building.
FutureFuel Corp. (NYSE: FF) has announced the appointment of Richard P. Rowe as a new Class B member of its Board of Directors, effective August 13, 2024. Rowe brings extensive experience in the specialty chemicals and materials industries, having served as President and CEO of Arkema Inc. from 2015 to 2021. He currently leads RPR Global Solutions, , an advisory firm in the sector.
Rowe's appointment comes with standard compensation arrangements, including pro-rated director compensation for 2024 and an option to purchase 10,000 shares of FutureFuel's common stock. This stock option, granted under the company's 2017 Omnibus Incentive Plan, will expire in August 2029. The appointment strengthens FutureFuel's board with Rowe's industry expertise and leadership experience.
FutureFuel Corp. (NYSE: FF) reported Q2 2024 financial results with net income of $9.6 million ($0.22 per diluted share) and Adjusted EBITDA of $6.9 million. Revenues decreased 15% to $72.4 million compared to Q2 2023. For the first six months of 2024, net income was $13.9 million ($0.32 per diluted share) on revenues of $130.7 million. The company faced challenges in the Biofuels market with lower biodiesel and RIN prices, while the Chemicals segment saw mixed results across different markets. FutureFuel paid a special cash dividend of $2.50 per share in April 2024 and maintains a regular quarterly dividend of $0.06 per share.
FutureFuel Corp. (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, announced the resignation of Rose M. Sparks from its Board of Directors, effective July 30, 2024. Sparks, who had been a board member since 2019, stepped down without any disputes or disagreements with the company or the board. Despite her departure from the board, Sparks will continue her role as the chief financial officer for both FutureFuel Corp. and FutureFuel Chemical Company. The company expressed gratitude for Sparks' dedicated service during her tenure on the board.
FutureFuel (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, will release its second quarter 2024 financial results after market close on August 9, 2024. The announcement was made on July 10, 2024, stating the company's intent to disclose financial performance metrics for the period.
FutureFuel (NYSE: FF) announced the retirement of CEO Tom McKinlay effective September 30, 2024. The company is conducting a national search for a new CEO, retaining an executive search firm for this purpose. A separation agreement has been established to ensure a smooth transition of McKinlay's duties. FutureFuel expressed gratitude for McKinlay's contributions to the company.
FutureFuel Corp. (NYSE: FF) reported first quarter 2024 results with revenues of $58.3 million, a decrease of 21% compared to the first quarter of 2023. Net income was $4.3 million, or $0.10 per diluted share, down from $21.1 million, and adjusted EBITDA was $7.1 million. The company declared a special cash dividend of $2.50 per share.
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