FutureFuel(FF)
Search documents
FutureFuel Releases 2024 Results
Globenewswire· 2025-03-28 20:10
Financial Performance - FutureFuel Corp. reported a net income of $15.5 million or $0.35 per diluted share for the year ended December 31, 2024, down from $37.4 million or $0.85 per diluted share in 2023, representing a 59% decrease [8][9][12] - For the fourth quarter of 2024, revenues were $61.5 million, a decrease of 33% or $30.5 million compared to $92.0 million in the same quarter of 2023 [8][10] - Adjusted EBITDA for the year was $17.6 million, down from $35.0 million in 2023, indicating a 50% decline [8][9][12] Operational Challenges - The company experienced a notable volume decline in Q4 2024 due to destocking among chemical customers and lower-than-expected yields from biodiesel production [2][10] - A temporary shutdown for a turnaround in biodiesel production occurred in late December 2024, which extended into the first quarter of 2025, impacting both biodiesel and chemicals production [2][10] Segment Performance - The biofuels segment revenue decreased significantly, with a reported revenue of $36.7 million in Q4 2024 compared to $71.2 million in Q4 2023 [34] - The chemical segment showed resilience with an increase in revenue to $24.8 million in Q4 2024 from $20.8 million in Q4 2023, driven by the amortization of deferred revenue [10][34] Future Outlook - FutureFuel's new customer and product pipeline within the chemical segment remains robust, with plans to bring new production capacity online in 2025 [3] - The expiration of the blenders tax credit at the end of 2024 and its replacement by the Inflation Reduction Act, Section 45Z, has created uncertainty regarding future credits and support levels, prompting the company to seek clarity from the Department of the Treasury [4] Capital Expenditures and Cash Position - Capital expenditures increased to $14.7 million in 2024 from $6.0 million in 2023, primarily for the construction of a custom chemical plant expected to be completed in mid-2025 [14][15] - Cash and cash equivalents decreased to $109.5 million as of December 31, 2024, down from $219.4 million a year earlier, largely due to a special cash dividend paid in April 2024 [16][29]
FutureFuel(FF) - 2024 Q4 - Annual Results
2025-03-28 20:09
Exhibit 99.1 March 28, 2025 COMPANY CONTACT FutureFuel Corp. Roeland Polet (314) 854-8352 www.futurefuelcorporation.com FutureFuel Releases 2024 Results Reports Net Income of $15.5 Million or $0.35 per Diluted Share, and Adjusted EBITDA of $17.6 Million CLAYTON, Mo. (March XX, 2025) – FutureFuel Corp. (NYSE: FF) ("FutureFuel"), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the fourth quarter and year ended December 31, 2024. Fourth quarter 2024 Financ ...
FutureFuel to Release 2024 Financial Results on March 28, 2025; Announces Initiation of the Restart of the BioDiesel Plant at its Batesville Facility
Globenewswire· 2025-03-26 20:17
CLAYTON, Mo., March 26, 2025 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced that it will announce its financial and operating results for the fourth quarter and year ended December 31, 2024 after market close on March 28, 2025. As previously disclosed, the Company has conducted certain turnaround activities at its Batesville, Arkansas, production facility beginning in December 2024 and continuing through March ...
FutureFuel to Delay Release of 2024 Financial Results
Globenewswire· 2025-03-13 20:38
Core Viewpoint - FutureFuel Corp. is delaying the announcement of its financial and operating results for the fourth quarter and year ended December 31, 2024, to complete certain procedures with its independent registered public accounting firm [1] Company Overview - FutureFuel is a leading manufacturer of diversified chemical products and biofuels, focusing on custom and performance chemicals [2] - The chemicals segment includes specialty chemicals for specific customers (custom chemicals) and multi-customer specialty chemicals (performance chemicals) [2] - The biofuels segment primarily produces and sells biodiesel [2] Financial Reporting - The company will issue a press release to announce the intended date for the financial results once the applicable procedures are completed [1]
FutureFuel Announces Certain Updated Matters with Respect to Its Batesville, Arkansas Facility
GlobeNewswire News Room· 2025-02-28 21:02
Core Viewpoint - FutureFuel Corp. is facing delays in the turnaround of its Batesville, Arkansas production facility due to severe weather, impacting biodiesel production and other processes [2]. Company Overview - FutureFuel Corp. is a manufacturer of custom and performance chemicals as well as biofuels, with a focus on specialty chemicals for specific customers and multi-customer applications [3]. - The company's product portfolio includes proprietary agrochemicals, adhesion promoters, biocide intermediates, antioxidant precursors, nylon and polyester polymer modifiers, and small-volume specialty chemicals and solvents [3]. - FutureFuel primarily produces and sells biodiesel to its customers [3]. Production Update - The turnaround of the Batesville facility, initiated in December 2024, was expected to last until February 2025 but has been extended due to inclement weather [2]. - Biodiesel production is not anticipated to restart until the end of March 2025 at the earliest, while other production processes are expected to ramp up in early March 2025 [2].
FutureFuel Earns Bronze Medal from EcoVadis for Sustainability Performance
Globenewswire· 2025-02-26 21:05
Core Viewpoint - FutureFuel Corp. has been awarded a Bronze Medal for sustainability performance by EcoVadis, highlighting its commitment to Environmental, Social, and Governance (ESG) principles and marking a significant milestone in its sustainability journey [1][3]. Company Overview - FutureFuel is a manufacturer of custom and performance chemicals as well as biofuels, producing specialty chemicals for specific customers and multi-customer specialty chemicals [4]. - The company's custom chemicals portfolio includes proprietary intermediates for major chemical companies, while its performance chemicals include polymer modifiers and small-volume specialty chemicals for diverse applications [4]. - FutureFuel's biofuels segment primarily focuses on the production and sale of biodiesel [4]. Sustainability Performance - FutureFuel scored in the 73rd percentile in its first year of submission for an EcoVadis rating, demonstrating its vision and commitment to continuous improvement in transparency and positive impacts across the four assessment categories [3]. - EcoVadis is a globally recognized provider of business sustainability ratings, assessing companies in areas such as environment, labor and human rights, ethics, and sustainable procurement [2].
FutureFuel to Release Year End 2024 Financial Results on March 14, 2025
Newsfilter· 2025-02-20 22:22
Core Viewpoint - FutureFuel Corp. is set to release its year-end 2024 financial results on March 14, 2025, after market close [1] Company Overview - FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuels [2] - The chemicals business includes custom chemicals for specific customers and performance chemicals for multiple customers [2] - Custom chemicals include proprietary intermediates and chlorinated polyolefin adhesion promoters [2] - Performance chemicals consist of polymer modifiers and small-volume specialty chemicals for various applications [2] - The biofuels segment primarily focuses on the production and sale of biodiesel [2]
FutureFuel to Release Year End 2024 Financial Results on March 14, 2025
Globenewswire· 2025-02-20 22:22
Core Viewpoint - FutureFuel Corp. will release its year-end 2024 financial results on March 14, 2025, after market close [1] Company Overview - FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products [2] - The chemicals business includes custom chemicals for specific customers and performance chemicals for multiple customers [2] - Custom chemicals include proprietary intermediates and chlorinated polyolefin adhesion promoters [2] - Performance chemicals consist of polymer modifiers and small-volume specialty chemicals for various applications [2] - The biofuels segment primarily focuses on the production and sale of biodiesel [2]
FutureFuel Announces Certain Matters with Respect to Its Biodiesel Production
Newsfilter· 2025-01-31 21:02
Core Insights - FutureFuel Corp. has announced an extensive maintenance turnaround of its Biodiesel plant, which is expected to last through February 2025, delaying biodiesel production [2] - The expiration of the Blenders' Tax Credit on December 31, 2024, has created uncertainty in the biodiesel industry, as it has been replaced by the IRA 45Z producer's tax credit, which lacks sufficient details from government agencies [3] Company Overview - FutureFuel is a manufacturer of custom and performance chemicals and biofuels, with a focus on specialty chemicals for specific customers and multi-customer specialty chemicals [4] - The company's product portfolio includes proprietary agrochemicals, adhesion promoters, biocide intermediates, antioxidant precursors, nylon and polyester polymer modifiers, and various specialty chemicals and solvents [4] - FutureFuel's biofuels segment primarily produces and sells biodiesel to its customers [4]
FutureFuel: Fair Company At A Wonderful Price
Seeking Alpha· 2025-01-26 20:51
Core Insights - The investment philosophy emphasizes avoiding errors of commission in favor of errors of omission, as the latter are less costly [1] - The focus is on identifying clear and obvious investment opportunities that warrant a concentrated position, typically 5-10% of the portfolio [1] - The approach suggests that smaller investments may not justify the effort, advocating for index fund investments instead [1] Investment Strategy - The strategy involves prioritizing significant investment opportunities that stand out as obvious choices [1] - The intention is to issue fewer buy theses, making those that are suggested more meaningful [1] - The company seeks to learn from the investment community when mistakes are made, indicating a collaborative approach to investment education [1]