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.
On January 14, 2022, FutureFuel Corp. (NYSE: FF) appointed Charles W. Lyon as Senior Vice President of Strategy and Planning, enhancing its leadership team. Lyon brings over 25 years of international experience in the industrial and specialty chemical sectors. He will lead the Sales, Marketing, and Technology teams, focusing on business growth strategies for custom and specialty chemicals and biodiesel products. This strategic hire is expected to positively impact FutureFuel's operations and market position as the company pursues its next growth chapter.
FutureFuel Corp. (NYSE:FF) reported a third quarter net income of $9.2 million, representing $0.21 per diluted share, an increase from $6.9 million in Q3 2020. Revenue surged 82% to $98.7 million, while adjusted EBITDA rose 100% to $11.1 million. For the first nine months of 2021, revenue reached $214.3 million, up 39% year-over-year, but net income fell to $3.9 million from $41.1 million in 2020. The decline resulted from high natural gas prices and reduced production volumes. FutureFuel paid a quarterly dividend of $0.06 per share, with another expected in December.
FutureFuel Corp. (NYSE: FF) announced it will release its Q3 2021 financial results after market close on November 9, 2021. The company specializes in custom and performance chemicals and biodiesel, providing tailored chemical products for major industries. FutureFuel's diverse portfolio includes proprietary intermediates, chlorinated polyolefin adhesion promoters, and biodiesel production.
FutureFuel Corp. (NYSE:FF) reported a net income of $3.5 million, down from $15.2 million in the same quarter last year, reflecting a 77% decline in profitability. Revenue grew by 56% to $74.1 million, fueled by price increases in the biofuels segment, though sales volumes in chemicals decreased. Adjusted EBITDA rose 76% to $4.7 million. For the first half of 2021, revenue reached $115.6 million, up 15%, but the company reported a net loss of $5.3 million. The company continues to focus on recovering its chemicals segment while providing dividends, including a special dividend of $2.50 per share.
FutureFuel Corp. (NYSE: FF) will announce its Q2 2021 financial results on August 9, 2021, after market close. The company specializes in custom and performance chemicals as well as biofuels, primarily producing and selling biodiesel. Its custom chemicals include proprietary intermediates and adhesion promoters, while performance chemicals feature polymer modifiers for diverse applications. FutureFuel aims to provide tailored solutions for major chemical companies, enhancing its market position.
FutureFuel Corp (NYSE: FF) announced a special cash dividend of $2.50 per share, set with a record date of May 21, 2021 and a payment date of June 4, 2021. This dividend aims to reward shareholders and reflects the company's strong position in the manufacturing of custom and performance chemicals, as well as biofuels. FutureFuel is recognized for producing specialty chemicals, including bleach activators and biodiesel, which contribute to its diversified product portfolio.
FutureFuel Corp. reported a net loss of $8.8 million, or ($0.20) per diluted share, for Q1 2021, compared to a net income of $19 million in Q1 2020. Revenues decreased by 22% to $41.5 million due to production disruptions from Winter Storm Uri, which decreased revenue by approximately $3 million and increased energy costs by $7.8 million. Adjusted EBITDA plummeted 177% to ($7.8) million. The company declared a regular dividend of $0.06 per share and reported capital expenditures of $146,000.
FutureFuel Corp. (NYSE: FF) announced it will release its first quarter 2021 financial results after market close on May 7, 2021. The company specializes in manufacturing custom and performance chemicals, as well as biofuels. FutureFuel's chemicals segment includes both custom and multi-customer specialty chemicals, catering to major chemical companies and diverse applications. Additionally, the biofuels segment focuses primarily on biodiesel production and sales.
FutureFuel Corp. (NYSE: FF) reported its Q4 2020 financial results, showing a revenue increase of 147.1% to $49.9 million but a significant net income drop of 92.4% to $5.5 million. For the full year, revenues slightly decreased by 0.4% to $204.5 million, with net income also declining by 47.2% to $46.6 million. Adjusted EBITDA fell 63.0% from $78.7 million in 2019 to $29.2 million in 2020. The results were impacted by lower chemical sales volumes due to COVID-19 and the absence of beneficial tax credits received in the previous year.
FutureFuel Corp (NYSE: FF) announced that it will release its year-end 2020 financial results on March 16, 2021, after market close. The company specializes in manufacturing custom and performance chemicals, as well as biofuels, primarily biodiesel. FutureFuel creates specialty chemicals tailored for individual clients as well as multi-customer performance chemicals. Its diverse product portfolio includes proprietary intermediates and polymer modifiers.
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