Profile
Sector:
Basic MaterialsIndustry:
Other Industrial Metals & MiningCountry:
United KingdomIPO:
30 July 2009Website:
http://www.ferroglobe.comNext earnings report:
14 August 2024Last dividends:
17 June 2024Next dividends:
N/APrice
after hours | Fri, 05 Jul 2024 23:32:07 GMTAnalysts recommendations
Institutional Ownership
GSM Latest News
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.
Ferroglobe PLC (GSM) Q4 2023 Earnings Call Transcript
Globe Specialty Metals (GSM) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.42 per share a year ago.
Globe Specialty Metals (GSM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ferroglobe redeemed $150m in senior notes in the summer, lowering their Net Debt / LTM EBITDA to 0.45x. Based on the assumptions below, shares could trade 107% higher than the current market price a few years out. Management believes the silicon market has bottomed and expects demand to pick up in the second half of 2024.
GSM is one of the leading companies in silicon metals and silicon alloys globally. The primary buyers are steel, cast iron, and aluminum producers. The company has improved its balance sheet significantly over the last three years. Last quarter, GSM redeemed $150 million in senior notes, reducing the company's total debt to $316 million. GSM is more profitable than similar-sized “diversified metals and mining” companies, generating 43.7% Gross Margin, 14.1% ROTC, and 14.7% ROE.
In an era where adaptability and innovation are pivotal for success, envisioning the trajectory of companies navigating market volatility is both intriguing and essential. The article explores the strategies of three companies.
What type of business is Ferroglobe?
Ferroglobe PLC operates in the silicon and specialty metals industry 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, as well as silicon metal for primary and secondary aluminum producers; 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. The company also 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. In addition, it provides silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. Further, the company operates quartz mines in Spain, South Africa, the United States, and Canada; and low-ash metallurgical coal mines in the United States, as well as holds interests in hydroelectric power plant in France. It serves silicone chemical, aluminum, and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. The company 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. Ferroglobe PLC is a subsidiary of Grupo Villar Mir, S.A.U.
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 does Ferroglobe report earnings?
The next expected earnings date for Ferroglobe is 14 August 2024