Overview

• Flexible Solutions Q3 revenue rose 13% yr/yr to $10.6 mln

• Company reported Q3 net loss of $503,358 due to higher costs and expenses

• Higher costs and expenses related to new product production affected Q3 earnings

Outlook

• Company anticipates substantial revenue from new food contract in Q4

• Flexible Solutions expects Panama equipment installation to complete by year-end

• Company sees opportunities in detergent, water treatment, and food supplement markets

Result Drivers

• HIGHER COSTS - Increased costs, including tariffs and new product production expenses, negatively impacted earnings

• NEW CONTRACT PREPARATION - Significant expenses for new food contract production affected Q3 earnings

• CAPEX EXPENSES - Costs related to installation of CAPEX in Illinois and Panama were expensed, affecting current income

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialty chemicals peer group is "buy"

• Wall Street's median 12-month price target for Flexible Solutions International Inc is $11.50, about 29.4% above its November 13 closing price of $8.12

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX7s29sn

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)