FutureFuel First Quarter Net Loss of $8.8 Million
Reports Net Loss of $8.8 Million or ($0.20) per Diluted Share, and Adjusted EBITDA of ($7.8) Million
CLAYTON, Mo., May 07, 2021 (GLOBE NEWSWIRE) — FutureFuel Corp. (NYSE:FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the first quarter ended March 31, 2021.
First quarter 2021 Financial Highlights (all comparisons are with the first quarter of 2020)
Revenues were $41.5 million, down 22% from $53.1 million
Adjusted EBITDA was ($7.8) million, down (177%) from $10.2 million
Net losses were $8.8 million, or ($0.20) per diluted share, from net income of $19.0 million, or $0.44 per diluted share.
“The story of our first quarter is dominated by one week in February when Winter Storm Uri brought severe disruption...