search icon
      blog search icon

      Q4 & Fiscal 2021 Results: FutureFuel Corp. (FF) stock Bullish After Hours - Stocks Telegraph

      By Gule Rukhsar

      Published on

      March 16, 2022

      7:04 AM UTC

      Q4 & Fiscal 2021 Results: FutureFuel Corp. (FF) stock Bullish After Hours - Stocks Telegraph

      On March 15, 2022, FutureFuel Corp. (FF) declared its financial results for Q4 and fiscal 2021 along with quarterly dividends for Q1 2022. Consequently, the stock continued to go up in the after-hours session.

      It seems investors were looking forward to the earnings with positive anticipation as the stock traded in the green during the regular session. At a volume of 425.92K shares, the stock varied between $8.15 and $8.48 in the session. FF closed the session with a gain of 1.93% at $8.45. Following the announcement, the stock advanced by a further 6.51% in the after-hours. Hence, the stock was trading at a price of $9.00 per share in the after-hours on Tuesday.

      The biofuels and specialty chemicals developer, FutureFuel Corp. has a market capitalization of $362.8 million. Currently, the company has 43.76 million shares outstanding in the market. So far, 2022 has been a good year for the stock as it stands at a year-to-date gain of 10.60% while it lost 43.89% last year.

      FF’s 2021 Financial Results

      Q4 2021 Highlights

      For Q4 2021, the company reported an increase of 115% YOY in its revenues to $107.1 million.

      Moreover, FF has adjusted EBITDA of $25.7 million in the quarter, with an increase of 141% YOY.

      Additionally, the company had a net income of $22.3 million or $0.51 per share in the quarter. This compares to $5.5 million or $0.13 per share in the year-ago period.

      Source: Urenco

      Fiscal 2021 Highlights

      The company had revenues of $321.4 million in fiscal 2021, with an increase of 57% YOY.

      Furthermore, the adjusted EBITDA in fiscal 2021 went up by 16.1% YOY to $33.8 million.

      FF had a net income of $26.3 million in fiscal 2021 against $46.6 million in the previous year. Resultantly, the net income per share was $0.60 and $1.06 in fiscal 2021 and 2020, respectively.

      On December 31, 2021, the company had cash, cash equivalents, and marketable securities of $184,711 against $262,526 on December 31, 2020.

      Cash Dividend

      Along with the results, the company also declared a quarterly cash dividend of $0.06 per share for Q1 2022 on its common stock.

      FF’s Recent Developments

      On January 20, the company announced the appointment of Charles W. Lyon as Senior Vice President of Strategy and Planning, effective January 14. Previously, he was hired at the same post at the company’s wholly-owned subsidiary, FutureFuel Chemical Company, on September 07, 2021.

      More From Stocks telegraph