FutureFuel Profit Rises On Lower Expenses

(RTTNews) - FutureFuel Corp (FF) on Thursday reported fourth-quarter net earnings of $30.1 million or $0.69 per share compared with $26.5 million or $0.61 per share last year.

The company said results were driven by improved gross margins, higher other income, and a decrease in income tax expense.

Meanwhile the company's revenues for the quarter dropped 30% to $88.5 million from $125.6 million in the prior year. Analysts polled by Thomson Reuters estimated revenues of $88.4 million for the quarter.

"Given the challenges of the biofuels market in 2014, we are pleased with our full year financial performance. We were able to finish strong in both our chemicals and biofuels segments."

The company said it is exploring new growth opportunities, both organically and strategically.

FutureFuel, based in Clayton, Missouri, makes chemical products, biofuels, and biobased specialty chemical products.