FutureFuel Corp (FF) released its first quarter results on Monday, May 10, 2021. The company reported net earnings of $-0.20 per share for the first quarter ending March 31, 2021. Earnings for this past quarter declined 146 percent compared to the same period a year ago.
The company is headquartered in Saint Louis, Missouri. FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels.
FutureFuel's revenue decreased 8 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 19.58% for the first quarter compared to the same period in the previous year, and operating margins decreased to 31.45% over the same period. Net earnings for past trailing twelve months were $18.75 million, down 82% from the prior year.
Moving on to the balance sheet, FutureFuel's cash levels dropped 22% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 235.99% this past year. The current ratio for FutureFuel now stands at 7.9.
Shares of FF are currently trading around $11.22. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 26.18 and price to book ratio of 1.35.