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 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 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.
FutureFuel Corp. (NYSE: FF) postpones the release of its first quarter 2024 financial results to May 10, 2024, due to the need for additional procedures to be completed by the company and its accounting firm.
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