CLAYTON, Mo., March 15, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE:FF) ("FutureFuel"), a manufacturer of custom and performance chemicals and biofuels, today issued the following update with respect to its $2.50 per share special cash dividend approved by FutureFuel's Board of Directors and previously announced on March 14, 2024 (the "Special Dividend"). The rules of the New York Stock Exchange (the "NYSE") require that special dividends representing 25% or more of the stock price of a listed security, ...

Reports Net Income of $37.4 Million or $0.85 per Diluted Share, and Adjusted EBITDA of $35.0 Million Announces a Special Cash Dividend of $2.50 Per Share and a $25 million Share Repurchase Program CLAYTON, Mo., March 14, 2024 (GLOBE NEWSWIRE) -- 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, 2023. Fourth quarter 2023 Financial Highlights (all comparisons are with ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number: 0-52577 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdicti ...

CLAYTON, Mo., Feb. 13, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, announced today that it will release its year end 2023 financial results after market close on Thursday, March 14, 2024. About FutureFuel FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers ( ...

CLAYTON, Mo., Feb. 13, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE:FF) ("FutureFuel"), a manufacturer of custom and performance chemicals and biofuels, announced today that it will release its year end 2023 financial results after market close on Thursday, March 14, 2024. About FutureFuel FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers (" ...

CLAYTON, Mo., Feb. 06, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE:FF) ("FutureFuel"), a manufacturer of custom and performance chemicals and biofuels, today announced that it has declared its 2023 quarterly dividend program, declaring normal quarterly cash dividends of U.S. $0.06 per share, with the following record and payment dates: Record DatesPayment DatesMarch 4, 2024March 18, 2024June 4, 2024June 18, 2024September 4, 2024September 18, 2024December 4, 2024December 18, 2024 About FutureFuel FutureF ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission file number: 0-52577 (Exact Name of Registrant as Specified in Its Charter) Incorporation or Organization) 8235 Forsy ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission file number: 0-52577 (Exact Name of Registrant as Specified in Its Charter) Incorporation or Organization) 8235 Forsyth Bl ...

[PART I FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) Part I details the company's financial performance and condition, including statements, management analysis, market risk, and internal controls [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements.) The company reported a significant Q1 2023 turnaround with **$21.1 million** net income, **76%** revenue growth, and increased assets, despite negative operating cash flow Consolidated Statements of Operations (Q1 2023 vs Q1 2022) | Financial Metric | Three Months Ended March 31, 2023 ($) | Three Months Ended March 31, 2022 ($) | | :--- | :--- | :--- | | **Revenue** | 74,161 | 42,074 | | **Gross profit (loss)** | 21,623 | (7,155) | | **Income (loss) from operations** | 18,251 | (9,607) | | **Net income (loss)** | 21,081 | (12,398) | | **Diluted earnings (loss) per share** | 0.48 | (0.28) | Consolidated Balance Sheet Highlights | Balance Sheet Item | March 31, 2023 ($) | December 31, 2022 ($) | | :--- | :--- | :--- | | Cash and cash equivalents | 145,058 | 175,640 | | Inventory | 69,234 | 26,761 | | Total Assets | 373,278 | 355,969 | | Total Liabilities | 69,180 | 72,969 | | Total Stockholders' Equity | 304,098 | 283,000 | Consolidated Statements of Cash Flows | Cash Flow Activity | Three Months Ended March 31, 2023 ($) | Three Months Ended March 31, 2022 ($) | | :--- | :--- | :--- | | Net cash used in operating activities | (29,810) | (10,576) | | Net cash provided by (used in) investing activities | 1,868 | (3,335) | | Net cash used in financing activities | (2,640) | (2,626) | [Notes to Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Key notes detail revenue recognition, the impact of tax credits, derivative instrument accounting, the credit facility's LIBOR to SOFR transition, and strong Biofuels segment performance - The Biodiesel Blenders' Tax Credit (BTC) of **one dollar per gallon** is recorded as a reduction to cost of goods sold and is set to expire on **December 31, 2024**[19](index=19&type=chunk) - As of March 31, 2023, approximately **$13.95 million** of revenue is expected to be recognized from remaining performance obligations over the next three to four years[28](index=28&type=chunk) - The company recorded a gain of **$8.3 million** on derivative instruments in Q1 2023, compared to a loss of **$9.1 million** in Q1 2022, with these instruments not designated as accounting hedges[38](index=38&type=chunk) - On March 1, 2023, the company amended its credit agreement to transition its credit facility from **LIBOR** to the **Secured Overnight Financing Rate (SOFR)**, with no borrowings under the facility as of March 31, 2023[54](index=54&type=chunk)[56](index=56&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=18&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) MD&A highlights **75.5%** revenue growth driven by biofuels, a surge in gross profit due to derivative gains and LIFO adjustments, and strong liquidity despite negative operating cash flow Summary of Financial Results (Q1 2023 vs Q1 2022) | | 2023 ($) | 2022 ($) | Dollar Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 74,181 | 42,261 | 31,920 | 76% | | **Income (loss) from operations** | 18,251 | (9,607) | 27,858 | n/a | | **Net income (loss)** | 21,081 | (12,398) | 33,479 | n/a | | **Adjusted EBITDA** | 12,495 | 2,098 | 10,397 | 496% | - The increase in gross profit to **$21.6 million** from a loss of **$7.2 million** was primarily driven by a gain on derivative instruments of **$8.3 million** (vs. a **$9.1 million** loss in Q1 2022) and a positive LIFO inventory adjustment of **$3.8 million**[93](index=93&type=chunk) - Cash used in operating activities increased to **$29.8 million**, mainly due to a **$31.8 million** cash outflow for inventory changes and an **$11.0 million** outflow for accounts receivable changes[113](index=113&type=chunk) [Results of Operations by Segment](index=21&type=section&id=Results%20of%20Operations) Biofuels segment drove performance with **152.6%** revenue growth and a significant gross profit turnaround, while Chemicals saw modest revenue growth and strong gross profit improvement Chemicals Segment Performance (Q1 2023 vs Q1 2022) | Metric | 2023 ($) | 2022 ($) | Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | 21,881 | 21,561 | 320 | 1.5% | | **Gross Profit** | 8,623 | 5,418 | 3,205 | 59.2% | Biofuels Segment Performance (Q1 2023 vs Q1 2022) | Metric | 2023 ($) | 2022 ($) | Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | 52,300 | 20,700 | 31,600 | 152.6% | | **Gross Profit (Loss)** | 13,000 | (12,573) | 25,573 | n/a | [Quantitative and Qualitative Disclosures About Market Risk](index=27&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company manages commodity price risk for inputs and outputs through contracts and derivatives, with a **10%** adverse feedstock price change potentially decreasing gross profit by **$5.3 million** - The company uses derivative instruments to manage price risk in the biofuels segment, but these do not qualify for hedge accounting, leading to volatility in reported net income; the fair value of these instruments was a net asset of **$4.8 million** at March 31, 2023[127](index=127&type=chunk)[128](index=128&type=chunk) Market Risk Sensitivity Analysis (Q1 2023) | Item | Hypothetical Adverse Price Change | Decrease in Gross Profit ($) | Percentage Decrease in Gross Profit | | :--- | :--- | :--- | :--- | | **Biodiesel feedstocks** | 10% | 5,320 | 24.6% | | **Methanol** | 10% | 257 | 1.2% | [Controls and Procedures](index=29&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded that disclosure controls and procedures were effective as of March 31, 2023, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that disclosure controls and procedures were **effective** as of the end of the reporting period, March 31, 2023[135](index=135&type=chunk) - **No changes** in internal control over financial reporting occurred during the quarter ended March 31, 2023, that have materially affected, or are reasonably likely to materially affect, internal controls[137](index=137&type=chunk) [PART II OTHER INFORMATION](index=30&type=section&id=PART%20II%20OTHER%20INFORMATION) Part II covers legal proceedings, risk factors, and other miscellaneous disclosures, confirming no material changes or significant new events [Legal Proceedings and Risk Factors](index=30&type=section&id=Item%201.%20Legal%20Proceedings.) The company is **not involved in material legal proceedings**, and **no material changes** to previously disclosed risk factors have occurred - The company is **not involved in any material pending legal proceedings** outside of ordinary business litigation[140](index=140&type=chunk) - There have been **no material changes** to the risk factors disclosed in the Annual Report for the year ended December 31, 2022[141](index=141&type=chunk) [Other Information (Items 2-6)](index=30&type=section&id=Other%20Items) No unregistered equity sales, senior security defaults, mine safety disclosures, or other material information were reported, with standard certifications and data files included - The company reported **no activity** under Item 2 (Unregistered Sales of Equity Securities), Item 3 (Defaults Upon Senior Securities), Item 4 (Mine Safety Disclosures), and Item 5 (Other Information)[142](index=142&type=chunk)[144](index=144&type=chunk)[146](index=146&type=chunk)[148](index=148&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) Delaware 20-3340900 8235 Forsyth Blvd., Suite 400, St Louis, Missouri 63105 (Address of Principal Executive Offices) (Zip Code) (314) 854-8352 (Registrant's Telephone Num ...