This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

FutureFuel Releases Second Quarter 2012 Results

FutureFuel Second Quarter Revenues Increase 38.2% to $103.2 Million

Reports Net Income of $8.5 Million or $0.20 Per Diluted Share, and Adjusted EBITDA of $5.9 Million

Conference Call Begins at 9:00 a.m. Eastern Time August 10, 2012

CLAYTON, Mo., Aug. 9, 2012 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE:FF), a manufacturer of custom and performance chemicals and biofuels, today announced financial results from the three and six months ended June 30, 2012.

Second Quarter 2012 Financial Highlights (all comparisons are with the second quarter of 2011)

  • Revenues were $103.2 million, up 38.2% from $74.7 million
  • Adjusted EBITDA was $5.9 million, down 54.9% from $13.2 million
  • Net income increased to $8.5 million, or $0.20 per diluted share, from $8.4 million, or $0.21 per diluted share.

First Half 2012 Financial Highlights (all comparisons are with the first half of 2011 unless otherwise noted)

  • Revenues were $189.0 million, up 45.4% from $130 million
  • Adjusted EBITDA was $22.5 million, a 2.1% increase from $22.1 million
  • Net income increased to $15.6 million, or $0.38 per diluted share, from $11.2 million, or $0.28 per diluted share, increases of 39.7% and 35.7%, respectively

"While the financial results of the second quarter of 2012 did not show the same level of growth we have experienced in past quarters, we continue to see steady demand for biodiesel," said Lee Mikles, FutureFuel president and chief executive officer. "Revenues from our chemicals business increased in the second quarter of 2012 as compared to the second quarter of 2011 as a result of increased sales of our bleach activator product and other custom chemicals. The increases seen in these products were partially offset by declining revenues from our largest herbicide product.

Revenues from our biofuels business also increased in the second quarter of 2012 as compared to the second quarter of 2011. However, gross profit from our biofuels segment was adversely affected by the expiration of the $1.00 per gallon federal blenders tax credit at December 31, 2011. In 2011, the blenders tax credit generally resulted in a reduction to our cost of goods sold. We had no such reduction in 2012.

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs