Ferroglobe

Ferroglobe PLC is a holding company, which engages in the production of silicon and specialty metals. Its products include silicon metal, manganese alloys, ferrosilicon, calcium silicon, and electrodes. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ferroglobe delivers strong Q1 results, eyes growth in renewables

Ferroglobe's Q1 2023 performance reflects a balanced approach towards financial discipline, operational growth, and strategic planning.
Despite market challenges, the company's focus on debt reduction, operational efficiency, and growth in renewable energy sectors positions it for long-term success.
By navigating challenges, optimizing operations, and seizing growth opportunities, Ferroglobe aims to enhance shareholder value and drive sustainable growth.

Ferroglobe excels in Q2, eyes growth in EV battery market

Ferroglobe's Q2 2023 performance reflects strong financials, debt reduction, and strategic market positioning in critical materials and EV battery sectors.
While facing challenges in cost management and shareholder returns, the company is focused on leveraging opportunities in capacity expansion and alliances.
The emphasis on operational efficiency, investor relations, and market outreach underscores Ferroglobe's commitment to sustainable growth and shareholder value.

Ferroglobe reports improved Q3 performance, eyes green energy opportunities

Ferroglobe's financial performance in Q3 showed improved margins and debt reduction. Strategic acquisitions and partnerships position the company well in the evolving green energy market. Despite market challenges, Ferroglobe remains optimistic about long-term opportunities.

Ferroglobe reports solid Q4 earnings, eyes growth in EV market

Ferroglobe's Q4 call highlighted strong execution, market protection efforts, and growth prospects in solar and EV battery markets. Despite challenges, the company remains resilient with a focus on long-term goals and a capital return program for shareholders.

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Ferroglobe PLC is a holding company, which engages in the production of silicon and specialty metals. Its products include silicon metal, manganese alloys, ferrosilicon, calcium silicon, and electrodes. It operates through the following segments: North America Silicon Metal, North America Silicon Alloys, Europe Manganese, Europe Silicon Metal, Europe Silicon, South Africa Silicon Metal, South Africa Silicon Alloys, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.

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.

Ferroglobe: Buybacks Expected Amid Short Term Uncertainty

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Ferroglobe: Excellent Business At A Cheap Price

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Ferroglobe PLC (NASDAQ:GSM ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Alex Rotonen - VP, IR Marco Levi - CEO Beatriz García-Cos - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Martin Englert - Seaport Research Partners Operator Good morning, ladies and gentlemen, and welcome to Ferroglobe's Third Quarter 2023 Earnings Call.

Ferroglobe PLC (GSM) Q3 2023 Earnings Call Transcript

Solid numbers despite soft macro environment. Balance sheet in great shape even with late year inventory build. Potential for return of capital once bonds are refinanced/retired.

Ferroglobe: Strong Quarter In Soft Market

LONDON, Nov. 07, 2023 (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 announced financial results for the third quarter 2023. FINANCIAL HIGHLIGHTS Reported Q3-23 revenue of $416.8 million, down 9% over the prior quarter Q3-23 Adjusted EBITDA of $104.5 million, down 1% over the prior quarter Q3-23 Adjusted EBITDA margin improved to 25.1% versus 23.2% in Q2-23 Q3-23 Adjusted EPS was $0.27 versus $0.30 in Q2-23 Gross debt was $237 million at Sep-23, down from $400 million at Jun-23 and $431 million at Sep-22 $100 million available from our ABL facility which remained undrawn in Q3-23 Total cash decreased to $166 million primarily due to the $150 million partial redemption of the 9 ¾ senior secured notes, down from $363 million at Jun-23 BUSINESS HIGHLIGHTS Acquired a high-quality quartz mine in the U.S. to ensure access to this critical material, enabling Ferroglobe to meet the increasing demand for high-quality silicon metal by the solar and EV battery markets Continue to develop strategic partnerships and alliances to enhance the company's growth opportunities Finalized an additional long-term power agreement to improve the cost competitiveness of the Spanish plants Favorable U.S. policies continue to benefit Ferroglobe Implementing a capital allocation policy with details to be announced in the first quarter “The company continued to perform well in a difficult market environment,” commented Dr. Marco Levi, Ferroglobe's Chief Executive Officer.

Ferroglobe Reports Strong Third Quarter 2023 Financial Results

LONDON, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (Nasdaq: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading global producer of silicon metal, silicon-based and manganese-based specialty alloys, announces the acquisition of a strategic, high-purity quartz mine in South Carolina, U.S. The purchase price was approximately $11 million in cash with an additional $4 million expected in capital expenditures to build out the infrastructure, including rail access, loadout, and a processing facility.

Ferroglobe Acquires Strategic High-purity Quartz Mine in the U.S.

LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue third quarter financial results after the close of the market on Tuesday, November 7, 2023 and will host the quarterly earnings call on Wednesday, November 8, 2023 at 8:30am Eastern Time.

Ferroglobe PLC Schedules Third Quarter 2023 Earnings Call for November 8, 2023

Ferroglobe is a global leader in advanced metallurgical products used in various industries. The company experienced a 10x growth in its stock price after a 90% crash in 2018. Q2 earnings showed a considerable rebound, indicating potential future growth, but concerns remain about production shutdowns and environmental regulations.

Ferroglobe, Secular Tailwinds For A Cyclical Miner

Ferroglobe (GSM) witnesses lower year-over-year revenues and earnings in Q2 due to declines in shipments and average realized prices.

Ferroglobe (GSM) Q2 Earnings Beat Estimates, Revenues Dip Y/Y

Ferroglobe reported better-than-expected results with adjusted EPS of $0.30 and EBITDA of close to $106 million. The company redeemed $150 million of bonds and signed a new power purchase agreement with the Spanish government. The stock is still cheap and management is optimistic about a turnaround in the next few quarters.

Ferroglobe: Nice Rebound Quarter And Almost Net Debt Free

Ferroglobe PLC (NASDAQ:GSM ) Q2 2023 Earnings Conference Call August 15, 2023 8:30 AM ET Company Participants Alex Rotonen - VP, IR Marco Levi - CEO & Executive Director Beatriz García-Cos - CFO & Principal Accounting Officer Conference Call Participants Lucas Pipes - B. Riley Securities Martin Englert - Seaport Research Partners John Rolfe - Crescent Capital Morten Normann - Carnegie Operator Good day, ladies and gentlemen, and welcome to Ferroglobe's Second Quarter 2023 Earnings Call.

Ferroglobe PLC (GSM) Q2 2023 Earnings Call Transcript

Ferroglobe's Q2 earnings crushed expectations. Sales for the period also beat the average Wall Street target.

Why Ferroglobe Stock Is Gaining Today

LONDON, Aug. 14, 2023 (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 announced financial results for the second quarter 2023.

Ferroglobe Reports Strong Second Quarter 2023 Financial Results

Ferroglobe PLC is a global producer of silicon metal and alloys, operating in various countries. Despite a decrease in Q1 2023 sales, the company's strategic initiatives and strong financial health make it an attractive investment.

Ferroglobe: Unearthing Profits In The Silicon Sphere

LONDON, July 24, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM), a leading global producer of silicon metal, silicon-based alloys, and manganese-based alloys, announced today that it will release its second-quarter financial results after the close of the market on Monday, August 14, 2023. The company will also host its quarterly earnings call on Tuesday, August 15, 2023, at 8:30 am Eastern Time.

Ferroglobe PLC Schedules Second Quarter 2023 Earnings Investor Call for August 15, 2023

LONDON, July 21, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading global producer of silicon metal, silicon-based and manganese-based ferroalloys, announces today that its subsidiary issuers of the 9.375% Senior Secured Notes due 2025 (the “Notes”) have given a notice of partial redemption of such Notes at 102.34375% of the principal amount plus accrued interest. The issuers elect to redeem an aggregate principal amount of $150 million of the Notes plus accrued and unpaid interest of approximately $14 million, assuming the expected redemption date of July 31, 2023.

Ferroglobe Announces the Notice of Redemption of $150 million of its 9.375% Senior Secured Notes Due 2025

LONDON, June 21, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM), a leading global producer of silicon metal, silicon-based alloys, and manganese-based alloys, is pleased to announce the appointment of Alex Rotonen as the Vice President Investor Relations, effective today.

Ferroglobe PLC Announces Appointment of Alex Rotonen as VP Investor Relations

LONDON, May 30, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading global producer of silicon metal, silicon-based and manganese-based ferroalloys, announces today that the Board of Directors has made several important improvements to the composition of its board committees, effective immediately.

Ferroglobe Announces Changes to its Committee Structure to Reinforce its Corporate Governance

Ferroglobe PLC had a tough start to the year with revenues falling and EBITDA taking a 66% decrease compared to the year before. The market outlook seems strong; however, I think the relatively risk-free valuation of the company makes it very appealing.

Ferroglobe: The Valuation Is Too Low To Ignore And Benefit From

Ferroglobe PLC (NASDAQ:GSM ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Marco Levi - CEO Beatriz García-Cos - CFO Anis Barodawalla - VP, IR Conference Call Participants Lucas Pipes - B. Riley Securities Martin Englert - Seaport Research Partners Operator Good morning, ladies and gentlemen, and welcome to Ferroglobe's First Quarter 2023 Earnings Call.

Ferroglobe PLC (GSM) Q1 2023 Earnings Call Transcript

Globe Specialty Metals (GSM) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.88 per share a year ago.

News for Ferroglobe Stock (GSM)