Flexible Solutions International Inc. has reported its financial results for the first quarter ended March 31, 2025. The company recorded sales of $7.47 million, reflecting a decline of approximately 19% compared to $9.22 million in the same quarter of the previous year. This decrease in sales is attributed to lower sales volume and higher costs, including tariffs. The net income for Q1 2025 was reported as a loss of $277,734, in contrast to a net income of $457,226 during the same period in 2024. The decline in earnings was linked to the reduced sales volume and increased cost of goods. Additionally, some costs related to capital expenditures were classified as expenses, impacting the current income negatively. CEO Daniel B. O'Brien noted that while the first quarter saw inventory adjustments by customers, normal order patterns resumed in April. Furthermore, the company's ENP division experienced lower revenue in Q1, but this has rebounded in the second quarter. The company also faced lower investment income due to reduced ownership in FL LLC.
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