Act a which everybody. Thanks Certain not provision. facts the Safe Reform Solutions. James. of events, Private respect to are risks XXXX I'm Litigation O'Brien, and herein, Good uncertainties. historical morning the Dan statements CEO which forward-looking harbor safe for of involve contained Flexible Securities forward-looking of of statements. with provides are occurrence harbor statements
positively or the These by may from forward-looking Exchange impacted either factors filed affect statements Information Commission. factors. could time-to-time reports potential and company negatively concerning the company's be various detailed Securities with in that the is
condition we XXXX. Afterwards, first in XXXX. call financials. Welcome to QX to conference think QX the lines and comment will I'd quarter FSI along with our might and product our occur what speak our on for company I like first regarding
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that as a fertilizer the keeps conservation water Savr formation. be scale. of ingredient it to with treating Nitrogen that sold of the XX loss way is through a pipes prevent food and certain recovery uses chemical. evaporation from biodegradable products clogging. critical scale are TPA's and the rock treatment biodegradable exits water products. N XX. as a also of is mineral Nitrogen pipes runoff. as a also bacterial cleaning fraction effect breakdown, for is is SUN scale water part oil TPA from prevention Preventing and can oil of for minerals TPA plugging oilfield soil
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do expect to an result, in As XXXX. compressed although are a earnings levels compared may and near-term the not margins reach historical improvement we
we continue positive margin. a LLC Our to to grow able retain the are and sales to
to subject close. Lygos September and proceed. did with the the did not to Lygos was XXXX of shareholder XX, completed approval. not On announced agreement Merger April XX, FSI mergers XXXX their and not end merge Our by intent date
Lygos. June again using XXXX equity. invested a acid development $XXX,XXX feedstock. route Lygos we using made In these for and Strategic equity. in investment is December in $XXX,XXX to in XXXX, investments Lygos a aspartic sugar as in in then investment for towards of second microbial return We a
-- FSI develop will aspartic biodegrade allow customers at and user derived come valuable from sustainable and of are this that sources. major new new be to way the products sustainable large and believes us will acid obtain that aspartic acid both both
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tariffs. a the XX% our XXXX and cost Tariffs. are of customers we've because to not export goods, tariffs International from for rebates charged applied our recover Since our available affecting have our raw of Tariffs tariff. materials several cash negatively. profits to China imported are flow included
succeed to until back our years arrive. due Rebates ago. we initial to dollar well our in of fund. Total submitted years in applications amount We recovering million us X.X as excess $X to persevere many we take intend
US to higher Shipping pre-COVID from they've but and shipments international speed, and ocean US to prices. ports settled are Asia shipping the at from to back the Ocean inventory.
begin more with and to reducing and materials hope by carrying our unable expensive to level with Land XXXX, to Transport is we inside less the costs to that inventory ahead replacing year raw expensive last in our were a to stabilize. inventory, pass Coped In ones. US continuing ordering far additional resulting shipping some customers. on we issues normal
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work growth very likely agricultural cash revenue possible inventory sales product in Profits cost profits and QX. delayed cash reasonably We're were volume. into that four. reduced results. in goods that And pleased three negatively mix operating continue Financial affected and flow and will XXXX, estimate and results incur that the flow We through. down were it's with revenue some of for QX increases customers had with XXXX. to by to were sales Year-over-year the certain likely year-over-year
Sales XXXX. million $X.XX non-GAAP removed compared period. share for – This a million $X.XX $X.XX or to quarter $XX.XX of is XXXX Operating $XXX,XXX useful decreased our was it or a XXXX the or progress share number in share in $X.XX and $X.XX $X.XX compared million a with X% QX to cash the million for or noncash the to items share Profits clarity from $X.XX down in QX flow. a million $X.XX show
own debt. our rates to the with held the not terms long-term of already of to interest and At reduced the with and consolidated We've continuing LLC debt our units we're debt, pay Stock on down mortgage our we debt long-term time, the of NCS loan. Investments lower LLC. in according the Bank. rates interest and ENP It's credit lines for Long-term by the in resulted all the Peru bought ENP all we did guaranteed Yards increased same
owns factory. ownership corner our XX,XXX on terms. acres original square with at feet five the of LLC of a square -- to acre the full building XX-acre feet This parcel The XX favorable XXX,XXX Illinois action FSI mortgage and Peru, and of buildings Southwest returns
for working from purposes. all adequate our book profit continuously we It's Now increasing sales. to retained capital, as
our sufficient credit we're are existing subsidiaries Yards our our lines confident with and that with Our plans capital. can we of Bank, execute Stock
on record shareholders paid Special April dividend, XX, today declared which XX. of a special dividend company April will be
proud and of of course shareholders until sure special not paying that way. a dividend be special is without Board be will FSI. to return another capital This able repeated pleased and this forward dividend be are We progress done to are the management to and the hurting
or Text copies fax on is Wednesday The of requested set everybody open up e-mail from be please? you can James an Thank questions. this can X-K as speech XX. you. will be Jason And jason@flexiblesolutions.com. May And Bloom www.sec.gov floor for filing available by
