Ferroglobe (GSM) Stock

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.