FF - NYSE

FutureFuel Corp.

FutureFuel Corp.

FF·NYSE

$4.27

-1.8%
Basic MaterialsChemicals

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. The Chemicals segment provides various custom chemicals that are used in the agricultural chemical, coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents. The Biofuels segment is involved in the production and sale of biodiesel and petrodiesel blends; and the buying, sale, and shipping of refined petroleum products on common carrier pipelines. This segment markets its biodiesel products directly to customers through trucks, rail, and barges. FutureFuel Corp. is headquartered in Saint Louis, Missouri.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$187.30M
EPS-1.1300
P/E Ratio-3.78
Earnings Date08/10/2026

Earnings Call Transcript

FF • 2015 • Q1

Executives
Paul M. Flynn - Executive Vice President, Business and Marketing, FutureFuel Corp. Rose M. Sparks - Chief Financial Officer and Principal Financial Officer
Analysts
Craig E. Irwin - ROTH Capital Partners LLC
Operator
We have a question from Craig Irwin of ROTH Capital Partners. Your line is open.
Craig E. Irwin - ROTH Capital Partners LLC
Good morning, and congratulations on the strong result. Rose, I wanted to ask a little bit about the costing of overhead between the segments, the 60% drop in Biofuels revenue in the quarter, is a material swing, and I know that you cost your overhead based on revenue. Can you maybe quantify for us what the incremental overhead was in the Chemicals segment, so that we can better understand the operating performance X this short-term headwind, and then, obviously, X the LIFO reserve?
Rose M. Sparks - Chief Financial Officer and Principal Financial Officer
Yes. Hi, Craig. Actually, let me correct you, our overhead is not strictly allocated off of just revenue. Our overhead is allocated based off of the usage of the equipment to the plant. Now having said that, the excess overhead, the auto capacity overhead is allocated based on revenue. So first and foremost, as I mentioned in my script, the biodiesel plant did not operate the entire quarter. And so, we did have some allocated costs that did swing to the chemical plant for the first quarter. The magnitude of that, we have never disclosed what the magnitude of that dollar amount is, I'll just have to leave it there.
Craig E. Irwin - ROTH Capital Partners LLC
Okay. Is it fair to say that it was actually a real contribution to – as far as a headwind in the quarter?
Rose M. Sparks - Chief Financial Officer and Principal Financial Officer
Absolutely, Craig. It was a real contribution and I will also remind you that we had volume in tanks that we shipped in the first quarter of 2015. So we did give the benefit of the dollar credit on the volume that we shipped in the first quarter?
Operator
Craig Irwin is back in the queue. Your line is open.
Rose M. Sparks - Chief Financial Officer and Principal Financial Officer
Sure. FutureFuel has positioned itself well with every contract that we have for a callback provision. Keep in mind also, the FutureFuel sales are fueled (00:21:43) on a retail basis and so there are several instances where we will maintain the benefit of the blend credit as well as the value that they're in.
Craig E. Irwin - ROTH Capital Partners LLC
Okay, excellent. Thanks again for taking my questions.
Transcript from May 12, 2015

Other Transcripts

 

ff Earnings Call Transcripts

FF
View Financials All Transcripts

Related Guides

Blog Categories

Continue your FF research with focused valuation guides.

Forecasting

Compare management guidance with modeled outcomes.

Risk Analysis

Track estimate risk, misses, and downside scenarios.

Reference

Review analyst process and transcript interpretation.

Value Investing

Anchor quarterly narrative to intrinsic value discipline.

Research Paths

Pick your next lens
1

Snapshot

Start with context, operating signals, and key market metrics.

2

Value Model

Stress test fair value across bear, base, and bull assumptions.

3

Statements

Validate revenue quality, margins, and balance sheet durability.

4

Earnings Call

Read management commentary and compare it with reported outcomes.

5

Dividends

Check payout sustainability and long-term distribution behavior.

6

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.