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Stock impact report

FSI ANNOUNCES FIRST QUARTER, 2024 FINANCIAL RESULTS [Yahoo! Finance]

Flexible Solutions International Inc. (CDA) (FSI) 
NASDAQ:AMEX Investor Relations: flexiblesolutions.com/investor/default.aspx
Company Research Source: Yahoo! Finance
VICTORIA, BRITISH COLUMBIA, May 15, 2024 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. Today the Company announces financial results for first quarter ended March 31, 2024. Mr. Daniel B. O'Brien, CEO, states, “Progress is being made. We streamlined operations by closing our Naperville R&D facility and moving all the work to our Peru, IL building. The exit costs from this action were nearly all taken in Q1 so, the benefits will become evident in Q2 and Q3. Some price increases have been possible but not enough to recover past margins yet. Several large new opportunities have been found in the food/nutraceutical market and are proceeding toward revenue in the 2024 yea Show less Read more
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