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 Corp. (NYSE: FF) has announced it will release its first quarter 2023 financial results on May 9, 2023, after market close. The company specializes in manufacturing custom and performance chemicals alongside biodiesel biofuels. As a leader in the industry, FutureFuel serves a diverse clientele, producing specialty chemicals tailored for specific customers and performance chemicals that cater to multiple clients. Their product line includes proprietary intermediates, chlorinated polyolefin adhesion promoters, antioxidant precursors, polymer modifiers, and various small-volume specialty chemicals. The company's biodiesel segment primarily focuses on production and sales to its customers.
FutureFuel Corp. reported a fourth-quarter net income of $14.9 million or $0.34 per diluted share, a decrease from $22.3 million in Q4 2021. Revenue rose to $117.8 million, up 10% year-over-year, driven by higher prices in the biodiesel and glycerin markets. Full-year net income was $15.2 million, down 42% from $26.3 million in 2021, with total revenues increasing by 23% to $396 million. Adjusted EBITDA for 2022 was $52.5 million, reflecting a 55% increase. Challenges included low biodiesel volumes and volatility in heating oil futures, which impacted margins and operations.
FutureFuel Corp. (NYSE: FF) announced it will release its year-end 2022 financial results on March 14, 2023, after market close. The company specializes in manufacturing custom and performance chemicals, as well as biofuels. Its diversified product offerings include specialty chemicals for major chemical companies and biodiesel production. FutureFuel aims to cater to specific customer needs with its unique chemical formulations.
FutureFuel Corp. (NYSE: FF) announced its 2023 quarterly dividend program, declaring a cash dividend of $0.06 per share. The record and payment dates for the dividends are as follows:
- March 1, 2023 - Payment on March 15, 2023
- June 1, 2023 - Payment on June 15, 2023
- September 1, 2023 - Payment on September 15, 2023
- December 1, 2023 - Payment on December 15, 2023
This indicates FutureFuel's commitment to returning value to shareholders.
FutureFuel Corp. (NYSE:FF) reported a strong third quarter for 2022, with net income of $15.8 million, or $0.36 per diluted share, marking a 71% increase from the previous year. Revenues rose 20% to $118.1 million, driven by higher sales prices in the biofuels segment. Adjusted EBITDA reached $14.8 million, up from $11.1 million. However, for the nine-month period, net income declined 93% to $0.3 million, primarily due to $21.9 million in losses from derivative instruments. FutureFuel's cash position improved to $210 million.
FutureFuel Corp. (NYSE: FF) will announce its third quarter 2022 financial results after the market closes on November 9, 2022. The company specializes in the manufacturing of diversified chemical and biofuel products, including custom and performance chemicals.
FutureFuel Corp. (NYSE:FF) reported a net loss of $3.1 million, or $0.07 per diluted share for Q2 2022, compared to a net income of $3.5 million in Q2 2021. Revenues rose 59% to $117.8 million, driven by increased prices in the biofuels segment. Adjusted EBITDA reached $18.7 million, a significant improvement from $4.7 million a year earlier. The company also noted lesser sales volumes in both its biofuels and chemicals segments.
Despite these challenges, FutureFuel is optimistic about its future, especially after amending its derivative strategy to mitigate market risks.
FAQ
What is the current stock price of Future Fuel Corporation (FF)?
What is the market cap of Future Fuel Corporation (FF)?
What does FutureFuel Corporation specialize in?
Where is FutureFuel Corporation headquartered?
Where is FutureFuel Corporation's manufacturing facility located?
What segments does FutureFuel Corporation operate in?
What products are included in FutureFuel's chemicals segment?
How did FutureFuel perform financially in recent quarters?
What recent dividends were declared by FutureFuel Corporation?
What challenges has FutureFuel faced in the biofuel market?
How is FutureFuel addressing community and environmental responsibility?
What strategies is FutureFuel employing for future growth?
