Earnings release
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FutureFuel Releases Third Quarter 2021 Results FutureFuel Third Quarter Net Income of $ 9.2 Million Reports Net Income of $ 9.2 Million or $ 0.21 per Diluted Share , and Adjusted EBITDA of $ 11.1 Million CLAYTON , Mo. , Nov. 09 , 2021 ( GLOBE NEWSWIRE ) -- FutureFuel Corp. ( NYSE : FF ) ( " FutureFuel " ) , a manufacturer of custom and performance chemicals and biofuels , today announced financial results for the third quarter and the nine months ended September 30 , 2021 . Third quarter 2021 Financial Highlights ( all comparisons are with the third quarter of 2020 ) • Revenues were $ 98.7 million , up 82 % from $ 54.1 million Adjusted EBITDA was $ 11.1 million , up 100 % from $ 5.6 million • Net income was $ 9.2 million , or $ 0.21 per diluted share , up from net income of $ 6.9 million , or $ 0.16 per diluted share . Nine month 2021 Financial Highlights ( all comparisons are with the first nine months of 2020 ) • Revenues were $ 214.3 million , up 39 % from $ 154.6 million • Adjusted EBITDA was $ 8.0 million , down from $ 18.4 million • Net income was $ 3.9 million , or $ 0.09 per diluted share , down from net income of $ 41.1 million , or $ 0.94 per diluted share . " This quarter we saw revenues rise across the board , particularly in our Biofuels segment , when compared to the same quarter last year . These rises are being repeated across all energy markets and when combined with tight supply chains , are leading to a higher cost of doing business . In this very dynamic period we are fully concentrated on managing our costs and manufacturing margins to deliver full value to our stockholders , " said Tom McKinlay , Chief Operating Officer for FutureFuel Corp. 2021 Cash Dividends FutureFuel paid a regular quarterly cash dividend in the amount of $ 0.06 per share on our common stock in the third quarter of 2021. The remaining quarterly dividend of $ 0.06 per share is expected to be paid in December . Financial Overview and Key Operating Metrics Financial and operating metrics , which include non - GAAP financial measures , include dollars in thousands , except per share amounts :