Flexible Solutions International, Inc. (FSI) Q4 2024 Earnings Call Transcript

Flexible Solutions International, Inc. (NYSE:FSI) Q4 2024 Earnings Conference Call April 1, 2025 11:00 AM ET

Company Participants

Dan O’Brien – Chief Executive Officer

Conference Call Participants

Tim Clarkson – Van Clemens & Company

Operator

Good day, everyone, and welcome to today’s Flexible Solutions International Full Year 2024 Financials Conference Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note, this call is being recorded and I’ll be standing by should you need any assistance.

It is now my pleasure to turn the conference over to Dan O’Brien. Please go ahead.

Dan O’Brien

Thanks, Jen. Good morning. This is Dan O’Brien, CEO of Flexible Solutions.

The safe harbor provision: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted either positively or negatively by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company’s reports filed with the Securities and Exchange Commission.

Welcome to the full year call. I’d like to discuss our company condition and our product lines first along with what we think might occur in the first half of 2025. A substantial portion of this speech will address the recent food grade product contract and our actions to limit tariffs on international sales. I’ll comment on our second — on our financials in the second part of the speech.

NanoChem division: NCS represents approximately 70% of FSI’s revenue. This division makes thermal polyaspartic acid, called TPA for short. It’s a biodegradable polymer with many valuable uses. NCS also