We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Flexible Solutions International Inc. (FSI - Free Report) logged profits of $1.16 million or 9 cents per share for third-quarter 2021, up from a profit of $0.6 million or 5 cents in the year-ago quarter. Earnings per share were in line with the Zacks Consensus Estimate.
The company registered revenues of around $9.2 million for the quarter, up roughly 14% year over year. The top line beat the Zacks Consensus Estimate of $8.5 million. The company delivered strong results in the quarter notwithstanding the significant shipping and raw material pricing headwinds.
Flexible Solutions International Inc. Price, Consensus and EPS Surprise
Sales from the company’s Energy and Water Conservation products for the reported quarter fell roughly 4% year over year to around $0.1 million, impacted by lower customer orders.
Sales of Biodegradable Polymers and Chemical Additives increased roughly 14% year over year to around $9.1 million in the quarter, aided by higher customer orders.
Financials
Flexible Solutions ended the quarter with cash and cash equivalents of roughly $4.9 million, down around 21% year over year. Long-term debt was roughly $1.7 million at the end of the quarter, down around 35% year over year.
Outlook
Flexible Solutions said that it expects to recover its lost profitability while continuing its recent growth once the issues impacting the transport, raw material and energy markets recede.
The company also noted that new opportunities continue to unfold in applications such as detergent, water treatment, oil field extraction and agriculture to further grow sales in NanoChem. Flexible Solutions also expects its cash resources to be adequate to meet its cash flow requirements and future commitments.
Price Performance
Shares of Flexible Solutions are up 66.1% over a year compared with the industry’s rise of 14.8%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Flexible Solutions currently carries a Zacks Rank #3 (Hold)
Nutrien has an expected earnings growth rate of 212.2% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 13.5% upward over the last 60 days.
Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 57% in a year.
Dow has a projected earnings growth rate of 447% for the current year. The consensus estimate for DOW’s current year has been revised 7.2% upward over the last 60 days.
Dow beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 14.1%. DOW shares have gained around 10% in a year.
Univar has a projected earnings growth rate of 55.2% for the current year. UNVR's consensus estimate for the current year has been revised 9% upward over the last 60 days.
Univar beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 24.1%. UNVR has gained around 59% in a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Flexible Solutions (FSI) Q3 Earnings Meet Estimates, Sales Beat
Flexible Solutions International Inc. (FSI - Free Report) logged profits of $1.16 million or 9 cents per share for third-quarter 2021, up from a profit of $0.6 million or 5 cents in the year-ago quarter. Earnings per share were in line with the Zacks Consensus Estimate.
The company registered revenues of around $9.2 million for the quarter, up roughly 14% year over year. The top line beat the Zacks Consensus Estimate of $8.5 million. The company delivered strong results in the quarter notwithstanding the significant shipping and raw material pricing headwinds.
Flexible Solutions International Inc. Price, Consensus and EPS Surprise
Flexible Solutions International Inc. price-consensus-eps-surprise-chart | Flexible Solutions International Inc. Quote
Segment Highlights
Sales from the company’s Energy and Water Conservation products for the reported quarter fell roughly 4% year over year to around $0.1 million, impacted by lower customer orders.
Sales of Biodegradable Polymers and Chemical Additives increased roughly 14% year over year to around $9.1 million in the quarter, aided by higher customer orders.
Financials
Flexible Solutions ended the quarter with cash and cash equivalents of roughly $4.9 million, down around 21% year over year. Long-term debt was roughly $1.7 million at the end of the quarter, down around 35% year over year.
Outlook
Flexible Solutions said that it expects to recover its lost profitability while continuing its recent growth once the issues impacting the transport, raw material and energy markets recede.
The company also noted that new opportunities continue to unfold in applications such as detergent, water treatment, oil field extraction and agriculture to further grow sales in NanoChem. Flexible Solutions also expects its cash resources to be adequate to meet its cash flow requirements and future commitments.
Price Performance
Shares of Flexible Solutions are up 66.1% over a year compared with the industry’s rise of 14.8%.
Zacks Rank & Key Picks
Flexible Solutions currently carries a Zacks Rank #3 (Hold)
Better-ranked stocks worth considering in the basic materials space include Nutrien Ltd. (NTR - Free Report) , Dow Inc. (DOW - Free Report) and Univar Solutions Inc. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Nutrien has an expected earnings growth rate of 212.2% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 13.5% upward over the last 60 days.
Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 57% in a year.
Dow has a projected earnings growth rate of 447% for the current year. The consensus estimate for DOW’s current year has been revised 7.2% upward over the last 60 days.
Dow beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 14.1%. DOW shares have gained around 10% in a year.
Univar has a projected earnings growth rate of 55.2% for the current year. UNVR's consensus estimate for the current year has been revised 9% upward over the last 60 days.
Univar beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 24.1%. UNVR has gained around 59% in a year.