Flexible Solutions International, Inc. (NYSE Amex: FSI) reported their financial results for the second quarter ended June 2025.
Sales for Q2 were approximately $11.4 million, marking an 8% increase from the previous year.
Net income for Q2, 2025 was $2.03 million, or $0.16 per basic share.
Sales Growth
Q2 sales increased by 8% compared to the same period last year.
Net Income Improvement
Q2, 2025 net income was $2.03 million, a significant increase from $1.29 million in Q2, 2024.
Operational Progress
The company made strides in relocating production to Panama and expanding their food grade business in IL.
Non-GAAP Operating Cash Flow
Operating cash flow for the first 6 months of 2025 was $4.25 million, showing positive performance.
- The R&D revenue and ongoing contract with a key company influenced the unusual nature of the quarter.
- Tariff increases and soft sales presented challenges, but progress was made in strategic initiatives.
- High research and development costs impacted earnings, while the Panama factory build out also affected expenses.
- The NanoChem division and ENP subsidiary continue to be major revenue drivers with expansion opportunities in various sectors.
Flexible Solutions International, Inc. showcased a positive performance in the second quarter with sales growth, net income improvement, and operational advancements. Despite challenges like tariff increases, the company remains focused on its strategic goals and expanding its product offerings in multiple markets.