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Jun 30, 2023
FutureFuel Q2 2023 Earnings Report
Reported a net loss impacted by the timing of separated RIN sales.
Key Takeaways
FutureFuel Corp. reported weaker second-quarter results due to the timing of separated RIN sales, which were held in inventory and sold in July. The chemical segment continued to grow with improved margins.
Revenues decreased by 28% to $85.3 million compared to the second quarter of 2022.
Net loss increased to $9.9 million, or $0.23 per diluted share, from a loss of $3.1 million, or $0.07 per diluted share.
Adjusted EBITDA was ($7.3) million, down from $0.4 million.
Chemical segment continued to grow and show improved margins.
FutureFuel
FutureFuel
FutureFuel Revenue by Segment
Forward Guidance
FutureFuel expects to pay remaining quarterly dividends of $0.06 per share in September and December.
Revenue & Expenses
Visualization of income flow from segment revenue to net income