CLAYTON, Mo., July 01, 2025 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, announced today that it will release its second quarter 2025 financial results after market close on Monday, August 11, 2025. 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 custom ...

Financial Performance - FutureFuel Corp. reported a net loss of $17.6 million, or $0.40 per diluted share, for Q1 2025, a significant decline from a net income of $4.3 million, or $0.10 per diluted share, in Q1 2024 [8][11][25] - Revenues decreased by 70% to $17.5 million, down from $58.3 million in the same quarter of the previous year, primarily due to lower biofuel volumes and reduced prices [8][11][32] - Adjusted EBITDA was ($16.1) million, a decrease from $7.1 million in Q1 2024 [8][11][29] Operational Highlights - The decline in biofuel volumes was attributed to a strategic turnaround of the main production facilities in Batesville, Arkansas, which was advanced to address anticipated weakness in biodiesel margins [2][11] - The turnaround aimed to enhance plant reliability and quality capabilities, with chemical operations resuming in mid-March and biodiesel production restarting at the end of March [2][5] - FutureFuel has been producing renewable fuels since 2005, leveraging its experience to navigate the cyclicality of the biodiesel business [3] Industry Engagement - FutureFuel is actively engaging with biodiesel industry groups to advocate for clarity regarding the Clean Fuel Producers Tax Credit and the reinstatement of the Blenders Tax Credit [4][5] - The company maintains a structural advantage over peers due to its ability to process a wide range of feedstocks, which helps sustain operations during challenging market conditions [5] Capital Expenditures and Future Plans - Capital expenditures increased to $4.0 million in Q1 2025 from $2.3 million in the same period in 2024, primarily for the construction of a custom chemical plant expected to be completed mid-year [13] - FutureFuel's new backward-integrated capacity project is on track to come online in late summer 2025, with anticipated revenue contributions by the end of Q3 2025 [5] Board and Leadership Changes - Pam Butcher has joined the FutureFuel Board of Directors, bringing extensive leadership experience in the chemical industry to support the company's growth strategy [6]

Company Overview - FutureFuel Corp. is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuels [2] - The company produces custom chemicals for specific customers and performance chemicals for multiple customers [2] - FutureFuel's custom chemicals include proprietary intermediates and chlorinated polyolefin adhesion promoters [2] - The performance chemicals portfolio features polymer modifiers and small-volume specialty chemicals for various applications [2] - The biofuels segment primarily focuses on the production and sale of biodiesel [2] Financial Announcement - FutureFuel will release its first quarter 2025 financial results after market close on May 12, 2025 [1]

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]