Flexible Solutions International Reports Revenue Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 19, 2017 at 04:15 pm
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Flexible Solutions International reported revenue results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported a 10% increase in revenue over year-ago levels to $4.09 million.
For the full year, the company generated $16.25 million in revenue, a 2% advance over the prior-year period.
Flexible Solutions International, Inc. is engaged in manufacturing and marketing biodegradable polymers which are used in the oil, gas and agricultural industries. The Company also develops, manufactures and markets specialty chemicals that slow the evaporation of water. Its products include HEATSAVR and WATERSAVR. Its segments include Energy and water conservation products (EWCP), and Biodegradable polymers (TPAs). Its EWCP segment consists of liquid swimming pool blankets which save energy and water by inhibiting evaporation from the pool surface, and a food-safe powdered form of the active ingredient within the liquid blankets and which are designed to be used in still or slow-moving drinking water sources. Its TPA segment is used by the petroleum, chemical, utility and mining industries to prevent corrosion and scaling in water piping. This product can also be used in detergents to increase biodegradability and in agriculture to increase crop yields by enhancing fertilizer uptake.
FLEXIBLE SOLUTIONS INTERNATIONAL, INC. 
