Boston, MA 03/19/2014 (wallstreetpr) – FutureFuel Corp. (NYSE:FF) continue to be one of the top gainers in the market at the back of reporting impressive earnings for its fourth quarter and full year. Earnings per share for the quarter surged to a new high of $0.61 up from $0.15 that was reported for the same period in 2012. Net income for the quarter came in at a high of $26.53 million up from a low of $6.17 million reported in 2012 same quarter.
Fourth Quarter highlights
FutureFuel Corp. (NYSE:FF) saw its fourth quarter surge by $68.35% coming in at $125.57 up from a low of $74.59 million reported the prior year. The company’s gross margin for the quarter expanded by 923 basis points to 20.02%. Adjusted EBITDA for the quarter stood at 25.49 million up by 327.82% from a low of $5.96 million the prior year
The company’s total expenses as a percent of revenue for the quarter dropped to 81.83% from a high of 93.68% for the same period the prior year. This resulted in an improvement of 1185 basis points in operating margins to a high of 18.17%. FutureFuel operating income for the quarter was up by 383.75% up from $4.72 million to high of $22.81 million
Full year financials
FutureFuel Corp. (NYSE:FF) generated revenues of $444.9 million for the full year, a surge of 26.5% up from $351.8 million reported in 2012, Adjusted EBITDA for the year came in at $96.7 million an increase of 84.4% from a low of $52.3 million. The company’s full year net income surged to a high of $74 million up from $34.3 million reported in 2012.
FutureFuel full year working capital stood at $242.89 million an increase of $65.19 million compared to working capital of $177.70 million reported in 2012. Cash and cash equivalent as of close of business on December 31, 2013 stood at $86.46 million up from $58.74 million in 2012
FutureFuel Corp. (NYSE:FF) continues to surge in the market gaining 17.60% in Tuesday trading session to close the day at a high of $20.65