FutureFuel's first quarter internet revenue of $ 5.5 million
Report internet revenue of $ 5.5 million or $ 0.13 per diluted share, and adjusted EBIT $ 5.4 million
CLAYTON, Mo, 10. Might 2019 (GLOBE NEWSWIRE) – FutureFuel Corp. . (NYSE: FF) (“FutureFuel”), a producer of custom-made and high-performance chemical compounds and biofuels, introduced at this time the monetary results for the first quarter ended March 31, 2019.
Economic Highlights of the First Quarter 2019 (All Comparisons within the First Quarter 2018)
- Turnover was $ 48.5 million, down 13.0 % from $ 55.7 million
- Adjusted EBITDA $ 5.4 Million, decrease of 85.6 % from $ 37.6 million
- Internet revenue fell to $ 5.5 million, or $ 0.13 per diluted share $ 35.eight million, or $ 0.82 per diluted share
“Our Chemical compounds phase continues steadily and is nicely positioned for the coming yr.
In our biofuels phase, the first quarter of 2018, which included the good thing about the earlier quarter's Blenders tax rebate in this quarter, highlights the challenges of the Biodiesel business in the present day. This tax credit ought to be a strong catalyst and incentive for funding in renewable fuels, but it should remain in a wierd congress in 2018 and 2019. On this surroundings, we have now operated at moderately lower production levels than in the same period last yr. Tom McKinlay, Chief Working Officer of FutureFuel Corporation
2019 Common Cash Contribution
FutureFuel paid a traditional quarterly dividend of $ zero.06 per share within the first quarter of 2019. The remaining quarterly dividends of $ zero.06 per share might be paid in June, September and December
Financial Evaluation and Key Indicators
Financial and working indicators that embrace non-GAAP monetary measures embrace dollars in hundreds, apart from quantities per share:  FutureFuel Corp.