FutureFuel reports revenues up 41% in 2011 to $310 million

March 16, 2012 |

In Missouri, FutureFuel reports net income for 2011 reached $35 million and revenues rose 41% to $310 million.  The company’s adjusted EBITDA was $62 million, up 51% from $41 million the year before.  Lee Mikles, FutureFuel president and CEO, stated, “Net income for the year was considerably higher from the prior year, most of which was attributable to our sales of biodiesel in 2011.”

Mikles also commented, “… reinstatement of the $1.00 per gallon federal fuel blenders’ tax credit in December 2010 and increased demand for biodiesel driven by the mandates set by RFS2” were the major reasons for their improved economic performance.

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Category: Fuels

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