Flexible Solutions International, Inc. (NYSE Amex: FSI) is a developer and manufacturer of biodegradable polymers for various industries including oil extraction, detergent ingredients, water treatment, and food and nutrition supplements.
The second quarter of 2025 showed positive growth in sales and net income for FSI despite challenges like tariff increases and soft sales.
Key drivers of financial performance included research and development services sales and efforts to expand production internationally while strengthening the food grade business in the U.S.
Sales Increase
Q2 sales reached $11,367,132, up approximately 8% from the same period last year.
Net Income Growth
Q2, 2025 net income was $2,028,912, or $0.16 per basic share, showing improvement from Q2, 2024.
Operating Cash Flow
Operating cash flow for the first 6 months of 2025 was $4,253,875, demonstrating a positive trend compared to the previous year.
- The earnings growth in Q2, 2025 was primarily driven by research and development services sales, although increased costs such as tariffs posed challenges.
- Efforts to transition production to Panama for international customers and enhance the food grade business in Illinois are key strategic moves contributing to the company's performance.
Flexible Solutions International, Inc. showcased resilience in the face of challenges and strategic progress in expanding its market presence and product offerings, positioning the company for sustained growth in the future.