Profile
Sector:
Basic MaterialsIndustry:
Other Industrial Metals & MiningCountry:
United KingdomIPO:
30 July 2009Website:
http://www.ferroglobe.comNext earnings report:
21 February 2025Last dividends:
20 September 2024Next dividends:
20 December 2024Price
after hours | Fri, 15 Nov 2024 21:43:06 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
GSM Latest News
Ferroglobe PLC (GSM) Q3 2024 Earnings Call Transcript
Maintaining Adj. EBITDA guidance of $150-170 million Recorded improved adjusted EBITDA of $60 million for the third quarter of 2024 Positive net cash position of $32 million and adjusted gross debt of $89 million U.S. Department of Commerce announced duties on Russian, Brazilian, Kazakhstan and Malaysian FeSi imports Paid quarterly cash dividend of $0.013 per share in September; next dividend of $0.013 per share on December 27 Repurchased shares during the third quarter and implemented a 10b5-1 plan Preparing to issue ESG report highlighting the company's 2030 decarbonization targets and other milestones LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announces financial results for the third quarter of 2024.
LONDON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) announced today that it will issue third quarter financial results after the market closes on Wednesday, November 6, 2024, and will host the quarterly earnings call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time.
Ferroglobe reported positive Q2 results with signs of price stabilization and volume improvement, narrowing EBITDA outlook for FY24. Despite the slight beat in figures, management expects a weak Q4, partly due to steel production weakness in Europe. Valuation remains weak but potential 40-60% upside if silicon and FeSi prices have stabilized, with conservative 5-year buyback approved for up to 20% of shares.
Globe Specialty Metals (GSM) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.30 per share a year ago.
Narrowing annual Adj. EBITDA guidance to $150-170 million from $130-170 million previously Posted solid adjusted EBITDA of $58 million for the second quarter of 2024 Net cash positive of $64 million and adjusted gross debt of $81 million U.S. Department of Commerce announced preliminary duties on Russian FeSi imports Coreshell advanced EV battery testing yields promising results French operations restarted in Q2, driving silicon metal volume growth Paid quarterly cash dividend of $0.013 per share in June; next dividend on September 27 Shareholders approved the share buyback program at the June annual general meeting LONDON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announces financial results for the second quarter of 2024.
Ferroglobe PLC (NASDAQ: GSM) held its Q1 2024 Earnings Conference Call on May 15, 2024 at 8:30 AM ET. Company representatives present included Alex Rotonen, Marco Levi, and Beatriz García-Cos. Conference call participants included Martin Englert, Lucas Pipes, John Rolfe, and others. Alex Rotonen welcomed everyone to the call and expressed gratitude for their participation in discussing Ferroglobe's first quarter 2024 earnings.
Ferroglobe's (GSM) first quarter revenue was impacted by decreased prices in silicon metal and silicon-based alloys.
Globe Specialty Metals (GSM) reported earnings per share that were in line with expectations, breaking even for the quarter instead of the expected loss of $0.02 per share. This is a decrease from earnings of $0.05 per share in the same quarter last year.
Ferroglobe (GSM) joins forces with Coreshell to develop the lowest cost, longest range EV batteries by replacing graphite and silane-based silicon with metallurgical silicon for the first time.
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What type of business is Ferroglobe?
Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers. The company also offers silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. In addition, it offers ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; calcium silicon, which is used in the deoxidation and desulfurization of liquid steel, and production of coatings for cast iron pipes, as well as in the welding process of powder metal and in pyrotechnics; and nodularizers and inoculants, which are used in the production of iron. Further, the company provides silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. Additionally, it operates quartz mines in South Africa, Spain, the United States, and Canada; and low-ash metallurgical coal mines in the United States; and a charcoal production facility in South Africa, as well as holds interests in hydroelectric power plant in France. The company serves silicone chemical producers; aluminum and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. Ferroglobe PLC was formerly known as VeloNewco Limited and changed its name to Ferroglobe PLC in December 2015. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.
What sector is Ferroglobe in?
Ferroglobe is in the Basic Materials sector
What industry is Ferroglobe in?
Ferroglobe is in the Other Industrial Metals & Mining industry
What country is Ferroglobe from?
Ferroglobe is headquartered in United Kingdom
When did Ferroglobe go public?
Ferroglobe initial public offering (IPO) was on 30 July 2009
What is Ferroglobe website?
https://www.ferroglobe.com
Is Ferroglobe in the S&P 500?
No, Ferroglobe is not included in the S&P 500 index
Is Ferroglobe in the NASDAQ 100?
No, Ferroglobe is not included in the NASDAQ 100 index
Is Ferroglobe in the Dow Jones?
No, Ferroglobe is not included in the Dow Jones index
When was Ferroglobe the previous earnings report?
No data
When does Ferroglobe earnings report?
The next expected earnings date for Ferroglobe is 21 February 2025