Earnings Call Summary | Flexible Solutions(FSI.US) Q4 2023 Earnings Conference
Earnings Call Summary | Flexible Solutions(FSI.US) Q4 2023 Earnings Conference
The following is a summary of the Flexible Solutions International, Inc. (FSI) Q4 2023 Earnings Call Transcript:
以下是灵活解决方案国际公司（FSI）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
FSI reported a 16% decrease in overall sales to $38.3 million versus the previous year's $45.8 million.
Profit for the year stood at $2.78 million or $0.22 per share, showing a decline from the previous year's $7.02 million or $0.57 per share.
Operating cash flow for the year also fell to $4.60 million or $0.37 a share, representing a decrease from the prior year's $8.44 million or $0.68 a share.
The financial downturn was attributed to changes in product mix, increased cost of goods, reduction in margins, and lower sales volume.
The company forecasts a rebound to previous peak earnings in the coming year.
FSI报告称，总销售额从去年的4,580万美元下降了16％，至3,830万美元。
该年度的利润为278万美元，合每股0.22美元，较上一年的702万美元或每股0.57美元有所下降。
该年度的运营现金流也降至460万美元，合每股0.37美元，低于上一年的844万美元或每股0.68美元。
财务低迷归因于产品组合的变化、商品成本的增加、利润率的下降和销量的减少。
该公司预测，来年收益将反弹至之前的峰值。
Business Progress:
业务进展：
FSI's NanoChem division contributes approximately 70% to their revenue through production of thermal polyaspartic acid (TPA) and nitrogen conserving products, SUN 27 and N Savr 30.
The company reported lower sales for TPA in 2023 in the oil, gas, and industrial markets and expects this trend to continue in 2024.
Their Florida LLC investment remained profitable in all four quarters of 2023 with projections for further growth in 2024.
FSI is making efforts to recover more than $1m in rebates, despite the tariffs impacts on their cost of goods, cash flow, and profits.
FSI is strategizing to grow mainly via Florida LLC and by increasing sales in existing businesses and the food industry.
FSI consolidates and pays off long-term debt according to loan terms after combining all their debts for ENP and NCS with Stock Yards Bank.
FSI decided to relocate some of its operations to a new property in Illinois for business expansion.
FSI predicts that sales in the food industry will reduce wage and base costs in 2024.
FSI的纳米化学部门通过生产热聚天冬氨酸（TPA）和氮气保温产品SUN 27和N Savr 30为其收入贡献了约70％。
该公司报告称，2023年石油、天然气和工业市场的TPA销售额有所下降，并预计这种趋势将在2024年持续下去。
他们在佛罗里达州有限责任公司的投资在2023年所有四个季度均保持盈利，预计2024年将进一步增长。
尽管关税影响了商品成本、现金流和利润，但FSI仍在努力收回超过100万美元的回扣。
FSI正在制定战略，主要通过佛罗里达有限责任公司以及增加现有业务和食品行业的销售来实现增长。
在将ENP和NCS的所有债务与Stock Yards Bank合并后，FSI根据贷款条款合并并偿还长期债务。
FSI决定将其部分业务转移到伊利诺伊州的一处新地产，以扩大业务。
FSI预测，食品行业的销售将在2024年降低工资和基本成本。
More details: Flexible Solutions IR
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译文内容由第三方软件翻译。