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 Q3 2023

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Earnings data Q3 2024

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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.

Demand is soft, which is likely to result in another decrease in earnings in Q4, but there is reason to believe 2025 will be better. The Department of Commerce has imposed duties on the import of ferrosilicon from selected countries, which GSM can take advantage of. Valuations have dropped as quarterly results have gotten worse, which could reverse if results improve in 2025.

Ferroglobe: Betting On A Likely Rebound

Ferroglobe PLC (GSM) Q3 2024 Earnings Call Transcript

Globe Specialty Metals (GSM) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.27 per share a year ago.

Globe Specialty Metals (GSM) Q3 Earnings and Revenues Miss Estimates

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.

Ferroglobe Reports Strong Third Quarter 2024 Financial Results

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 PLC Schedules Third Quarter 2024 Earnings Call for November 7, 2024

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.

Ferroglobe: Slight Beat On Q2 Results And Commences 20% Buyback Program

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Ferroglobe PLC (NASDAQ:GSM ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Alex Rotonen - VP of IR Marco Levi - CEO Beatriz Garcia-Cos - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Martin Englert - Seaport Research Partners Operator Good morning, good afternoon.

Ferroglobe PLC (GSM) Q2 2024 Earnings Call Transcript

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.

Globe Specialty Metals (GSM) Surpasses Q2 Earnings and Revenue Estimates

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 Reports Strong Second Quarter 2024 Financial Results

Ferroglobe PLC (NASDAQ:GSM ) Q1 2024 Results Conference Call May 15, 2024 8:30 AM ET Company Participants Alex Rotonen - Vice President of Investor Relations Marco Levi - Chief Executive Officer Beatriz García-Cos - Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Lucas Pipes - B. Riley Securities John Rolfe - Crest Rock Capital Alex Rotonen Good morning, everyone, and thank you for joining Ferroglobe's First Quarter 2024 Earnings Conference Call.

Ferroglobe PLC (GSM) Q1 2024 Earnings Call Transcript

Ferroglobe's (GSM) Q1 top line reflects lower pricing in silicon metal and silicon-based alloys.

Ferroglobe (GSM) Q1 Earnings Beat Estimates, Revenues Dip Y/Y

Globe Specialty Metals (GSM) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.05 per share a year ago.

Globe Specialty Metals (GSM) Reports Break-Even Earnings for Q1

Posted adjusted EBITDA of $25.8 million for the first quarter of 2024 Net cash positive for the first time in the Company's history; all-time low gross debt of $81 million Initiated a quarterly cash dividend of $0.013 per share, paid on March 28, 2024; announcing a second quarter dividend of $0.013 per share, payable on June 27 Board approved stock buyback program; shareholder vote to approve buyback scheduled for June 2024 AGM Successfully restarted French operations on April 1, 2024, with all furnaces running Applying for permit to expand silicon metal production in the U.S. to address strong secular trends in solar and EV batteries Signed a memorandum of understanding with Coreshell, followed by an investment post-quarter after strong test results in our lab LONDON, May 14, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announced financial results for the first quarter 2024. Financial Highlights              %       % ($ in millions, except EPS) Q1 2024   Q4 2023   Q/Q   Q1 2023   Y/Y                             Sales $ 391.9     $ 376.0     4%   $ 400.9     (2%) Net (loss) income $ (2.0 )   $ (11.1 )   82%   $ 21.0     (110%) Adjusted diluted EPS $ —     $ 0.07     82%   $ 0.05     (110%) Adj.

Ferroglobe Reports Solid First Quarter 2024 Financial Results

LONDON, May 13, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) announced today that it will issue first-quarter financial results after the market closes on Tuesday, May 14, 2024, and will host the quarterly earnings call on Wednesday, May 15, 2024, at 8:30 a.m. Eastern Time.

Ferroglobe PLC Schedules First Quarter 2024 Earnings Call for May 15, 2024

LONDON, March 13, 2024 (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, is pleased to announce that it has appointed Carsten Larsen as Chief Commercial Officer, effective April 1, 2024. Mr. Larsen brings three decades of international experience in developing new business growth strategies, maximizing sales and profitability, and leading cross-functional teams.

Ferroglobe Appoints Carsten Larsen as Chief Commercial Officer

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 (GSM) to Pioneer Battery-Grade Metallurgical Silicon

Partnership to enable development of the lowest cost, longest range EV batteries replacing graphite and silane-based silicon with metallurgical silicon for the first time. SAN LEANDRO, Calif.

Ferroglobe & Coreshell Sign a Memorandum of Understanding to Deliver World's First Battery-Grade Metallurgical Silicon for Electric Vehicles

XI'AN, China , March 4, 2024 /PRNewswire/ -- LONGi, the world's leading Solar technology company, and Ferroglobe PLC, a world leading producer of Silicon Metal and Ferroalloys, are pleased to announce that they have entered into a long-term supply agreement effective January 1, 2024. This agreement consolidates the partnership between the two companies and paves the way for even stronger collaboration in the future.

LONGi and Ferroglobe Announce Silicon Long-Term Agreement

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) Surpasses Q4 Earnings and Revenue Estimates

LONDON, Feb. 21, 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 announced financial results for the fourth quarter and full year 2023. Introducing 2024 adjusted EBITDA guidance of $100 million to $170 million FINANCIAL HIGHLIGHTS 2023 revenue of $1.7 billion, down 36% Y/Y 2023 adjusted EBITDA of $315 million, down 63% Y/Y Q4 adjusted EBITDA declined to $60 million, down 42% from Q3 and down 54% from Q4-22 Q4 adjusted EBITDA margins were at 16% versus 25% in the prior quarter and 29% in Q4-22 Q4 adjusted EPS was $0.09 versus $0.27 in Q3 and $0.39 in Q4-22 Net debt increased to $101 million, up from $71 million in Q3 and down from $127 million in Q4-22 Total cash decreased to $138 million, down from $166 million in Q3 and $323 million in Q4-22 BUSINESS HIGHLIGHTS         Posted solid financial and operational performance for the quarter and the full year despite softening demand and weak pricing Adjusted gross debt remained flat in Q4; declining to less than $100 million in February as a result of a $148 million redemption on February 16, 2024 Initiated a quarterly cash dividend of $0.013 per share, payable on March 28, 2024, to shareholders of record as of the close of business on March 22, 2024 Expecting to request the board of directors and shareholders to approve a share repurchase program Optimized French energy contract to drive strong results in 2023, received majority of related cash in 2024 Signed a term sheet for a partnership with a leading battery materials company in Europe and a memorandum of understanding with an advanced silicon-rich EV battery technology company in the US Dr. Marco Levi, Ferroglobe's Chief Executive Officer, commented, “2023 was a successful year for Ferroglobe with strong financial, operating and strategic performance as we significantly reduced our debt, acquired a strategic quartz mine and entered into two EV battery agreements while operating our plants at high efficiency levels.

Ferroglobe Reports Solid Fourth Quarter and Full Year 2023 Financial Results

LONDON, Feb. 20, 2024 (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, and LONGi, the world's leading solar technology company, are pleased to announce that they have entered into a long-term supply agreement effective January 1, 2024. This agreement reinforces the partnership between the two companies and paves the way for even closer collaboration in the future.

Ferroglobe and LONGi Announce Long-term Silicon Supply Agreement

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.

Analysts Estimate Globe Specialty Metals (GSM) to Report a Decline in Earnings: What to Look Out for

LONDON, Feb. 05, 2024 (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 notice of full redemption of such Notes at 102.34375% of the principal amount plus accrued interest. The issuers elect to redeem an aggregate principal amount of $147,623,624 of the Notes, the entire amount outstanding as of the redemption date, plus accrued and unpaid interest and call premium of $4,075,027, assuming the expected redemption date of February 16, 2024.

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