Flexible Solutions International ( (FSI) ) has released its Q4 earnings. Here is a breakdown of the information Flexible Solutions International presented to its investors.
Flexible Solutions International, Inc. is a company specializing in the development and manufacturing of biodegradable polymers and environmentally safe technologies for various industries, including oil extraction, water treatment, and crop nutrient availability. The company is also expanding into the food and nutrition supplement markets.
In its latest financial report for the full year 2024, Flexible Solutions International announced a notable improvement in net income and cash flow compared to the previous year. The company highlighted a temporary loss related to the sale of units in a Florida LLC, which impacted net income but is expected to yield a significant profit in the long term.
The financial results revealed that the company’s sales remained relatively stable at approximately $38.2 million, with a slight decrease from the previous year. However, net income increased to $3.04 million, or $0.24 per share, up from $2.78 million, or $0.22 per share, in 2023. The operating cash flow showed a significant increase, reaching $7.08 million, or $0.57 per share, compared to $4.60 million, or $0.37 per share, in the prior year. The NanoChem division and ENP subsidiary continue to be the primary revenue drivers, with emerging opportunities in various sectors.
Looking ahead, Flexible Solutions International is optimistic about its growth prospects. The company is working towards securing purchase orders that could boost revenue by the fourth quarter of 2025 and significantly in 2026. Additionally, efforts to mitigate the impact of tariffs on international sales and recover rebates from previously paid tariffs are expected to contribute to future growth.