earnings
confidence high
sentiment positive
materiality 0.75
FSI FY2021 revenue $34.4M (+10%), net income $3.45M (+16%), EPS $0.28
FLEXIBLE SOLUTIONS INTERNATIONAL INC
- Sales $34,416,335 (+10% YoY); net profit $3,449,162 ($0.28 EPS) vs $2,977,050 ($0.24) in 2020.
- Non-GAAP operating cash flow $5,645,095 ($0.46/share), up 24% from $4,514,182 ($0.37) in 2020.
- CEO expects to exceed 2021 growth in revenue, operating cash flow, and profit in 2022.
- Over $1 million in tariff rebates still pending from government; could boost future profits.
- Shipping costs quintupled and raw material prices rose rapidly, but company still grew revenue 10%.