Earnings Call Summary | Flexible Solutions(FSI.US) Q1 2024 Earnings Conference
Earnings Call Summary | Flexible Solutions(FSI.US) Q1 2024 Earnings Conference
The following is a summary of the Flexible Solutions International, Inc. (FSI) Q1 2024 Earnings Call Transcript:
以下是靈活解決方案國際公司（FSI）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
FSI's sales decreased by 6% to $9.2 million compared to $9.8 million in Q1 2023.
The company reported a Q1 2024 profit of $457,000, a decrease from a profit of $884,000 in Q1 2023.
For Q1 2024, operating cash flow was $1.34 million, down from $1.73 million in Q1 2023.
The company continues to pay down long-term debt according to loan terms.
與2023年第一季度的980萬美元相比，FSI的銷售額下降了6％，至920萬美元。
該公司報告稱，2024年第一季度利潤爲45.7萬美元，低於2023年第一季度的88.4萬美元利潤。
2024年第一季度的運營現金流爲134萬美元，低於2023年第一季度的173萬美元。
該公司繼續根據貸款條款償還長期債務。
Business Progress:
業務進展：
Despite weak sales in Q1 2024, order predictions for full-year 2024 from one of their food product customers are anticipated to exceed full year 2023.
FSI expects growth to resume in sales, cash flow, and profit for the rest of 2024 because of streamlined operations, price increases, and new opportunities in the food market.
Their ENP division is anticipated to have revenue growth in 2024, concentrated in Q3 and Q4.
FSI expects to receive purchase orders for at least two of the five products in the food division pipeline, each with seven-figure revenue potential in 2024.
FSI predicts most growth in 2024 will be international, following the focus of their profitable investment, Florida LLC.
FSI continues to combat 25% tariffs on several imported raw materials from China, which has negatively impacted cost of goods, cash flow, and profits, but they are seeking export rebates to recover tariffs incurred.
儘管2024年第一季度銷售疲軟，但他們的一位食品客戶對2024年全年的訂單預測預計將超過2023年全年。
FSI預計，由於運營簡化、價格上漲和食品市場的新機遇，銷售額、現金流和利潤將在2024年剩餘時間內恢復增長。
他們的ENP部門預計將在2024年實現收入增長，集中在第三季度和第四季度。
FSI預計，到2024年，食品部門將收到五種產品中至少兩種產品的採購訂單，每種產品的收入潛力爲七位數。
FSI預測，繼其盈利投資佛羅里達有限責任公司之後，2024年的大部分增長將是國際性的。
FSI繼續打擊對從中國進口的幾種原材料徵收25％的關稅，這對商品成本、現金流和利潤產生了負面影響，但他們正在尋求出口退稅以收回產生的關稅。
More details: Flexible Solutions IR
更多詳情： 靈活的解決方案 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。