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 Q4 2020

Earnings data Q1 2021

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Earnings data Q3 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.

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Adjusted EBITDA over 10% above original full year guidance.

Ferroglobe: Quickly Becoming A Cash Flow Machine

Levi Strauss

Ferroglobe PLC (GSM) CEO Marco Levi on Q2 2021 Results - Earnings Call Transcript

Sales of $418.5 million, Adjusted EBITDA of $34.1 million, and return to positive net income Sales of $418.5 million, Adjusted EBITDA of $34.1 million, and return to positive net income

Ferroglobe Reports Results for the Second Quarter 2021

LONDON, July 30, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (the “Parent” or “Ferroglobe”), Ferroglobe Finance Company, PLC (the “UK Issuer”) and Globe Specialty Metals, Inc. (“Globe” and, together with the UK Issuer, the “Issuers”) today announce the occurrence of the “Transaction Effective Date” under the lock-up agreement dated March 27, 2021 (the “Lock-Up Agreement”) between the Parent and certain financial stakeholders. The Transaction Effective Date marks the completion of the financing proposal detailed in the Parent's releases on February 1, 2021 and March 28, 2021.

Ferroglobe Announces Occurence of “Transaction Effective Date” Under Lock-Up Agreement Dated March 27, 2021 and Completion of Refinancing Transactions

WASHINGTON, July 28, 2021 /PRNewswire/ -- Globe Specialty Metals, Inc., a subsidiary of Ferroglobe PLC (NASDAQ:GSM) (GSM), and Mississippi Silicon LLC (MS), collectively representing the majority of American silicon metal production, today announced the U.S. International Trade Commission's (ITC) final 5-0 vote confirming that silicon metal imports from Malaysia have materially injured the U.S. industry.  Following today's decision, the U.S. Department of Commerce (Commerce) will issue a formal antidumping (AD) duty order covering all imports from Malaysia for at least five years.

U.S. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; U.S. Industry Applauds Antidumping Order

Ferroglobe Announces (A) Results of Offer to Exchange the 9⅜% Senior Notes Due 2022 for a Combination of New 9⅜% Senior Secured Notes Due 2025 and Equity Fee and Consent Solicitation Relating to the 9⅜% Senior Notes Due 2022 and (B) Receipt of Offers to S

NEO Battery Materials Ltd (CVE:NBM) (OTCMKTS:NBMFF) (FRA:1BC) revealed that it has struck a Memorandum of Understanding (MoU) with Ferroglobe Innovation (FGI), a subsidiary of Ferroglobe PLC (NASDAQ:GSM) (FRA:5FG), a top global supplier of silicon metal, silicon-based and manganese-based specialty alloys and ferroalloys.  The Vancouver battery metals resource company said the two firms entered into a non-disclosure agreement (NDA) in April and have “advanced discussions regarding the development of silicon powders and anode materials.

NEO Battery Materials inks agreement with Ferroglobe for silicon anode technology

LONDON, July 08, 2021 (GLOBE NEWSWIRE) -- On June 23, 2021, Ferroglobe PLC (the “Parent”), Ferroglobe Finance Company, PLC (the “UK Issuer”) and Globe Specialty Metals, Inc. (“Globe” and, together with the UK Issuer, the “Issuers”) commenced the following transactions pursuant to the offering and consent solicitation memorandum dated June 23, 2021 (the “Offering and Consent Solicitation Memorandum”):

Extension of Super Senior Notes Offer Subscription Deadline in connection with the Offer to Subscribe for Additional 9.0% Senior Secured Notes Due 2025

LONDON, June 29, 2021 (GLOBE NEWSWIRE) -- On June 23, 2021, Ferroglobe PLC (the “Parent”), Ferroglobe Finance Company, PLC (the “UK Issuer”) and Globe Specialty Metals, Inc. (“Globe” and, together with the UK Issuer, the “Issuers”) commenced the following transactions pursuant to the offering and consent solicitation memorandum dated June 23, 2021 (the “Offering and Consent Solicitation Memorandum”):

Notification of ISIN and Common Codes in Connection with Offer to Exchange the 9⅜% Senior Notes Due 2022 and Offer to Subscribe for Additional 9.0% Senior Secured Notes Due 2025

Company completed $40mm equity capital raise on June 18th instead of planned rights offering.

Ferroglobe: Capital Raise And Regulatory Hurdles Surmounted. Stock Should Keep Shining

LONDON, June 23, 2021 (GLOBE NEWSWIRE) -- Exchange Offer and Consent Solicitation

Launch of (A) Offer to Exchange the 9⅜% Senior Notes Due 2022 for a Combination of New 9⅜% Senior Secured Notes Due 2025 and Equity Fee, (B) Consent Solicitation Relating to the 9⅜% Senior Notes Due 2022 and (C) Offer to Subscribe for Additional 9.0% Seni

MIAMI, June 21, 2021 (GLOBE NEWSWIRE) -- Globe Specialty Metals, Inc. (“GSM”), a subsidiary of Ferroglobe PLC (NASDAQ: GSM), and Mississippi Silicon LLC (“MS”), together representing the majority of American silicon metal production, reported on June 17th that the U.S. Department of Commerce (“Commerce”) will impose final duties of 12.27% on all silicon metal imports from Malaysia.

U.S. Department of Commerce Imposes Final Duties on All Silicon Metal Imports From Malaysia

LONDON, June 18, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (the “Company”) is pleased to announce that on June 18, 2021 it entered into an Equity Purchase Agreement with Rubric Capital Management LP (“Rubric”), on behalf of certain managed or sub-managed funds and accounts and Grupo Villar Mir, S.A.U. (“GVM”) relating to the sale of 7,803,791 ordinary shares to Rubric and 1,114,827 ordinary shares to GVM (collectively, the “Shares”) at an issue price of $4.485 per Share, which would result in aggregate gross proceeds of $40 million. The issue price per Share represents a 15% discount to the last reported closing price, $5.29, of our ordinary shares on the Nasdaq Capital Market on June 17, 2021. The Shares are expected to be issued on the transaction effective date for the transactions set forth under the lock-up agreement dated March 27, 2021 between the Company and certain financial stakeholders (the “Lock-Up Agreement”). Upon completion of this offering, the Company intends to use the net proceeds from this offering for general corporate purposes. With the proceeds from this offering, the Company will have satisfied its obligation to raise $40 million through the issuance of new equity to complete the transactions contemplated by the Lock-Up Agreement.

Successful signing of Equity Purchase Agreement relating to the sale of $40 million in aggregate gross proceeds of ordinary shares to certain investors

WASHINGTON, June 17, 2021 /PRNewswire/ -- Globe Specialty Metals, Inc., a subsidiary of Ferroglobe PLC (NASDAQ:GSM) ("GSM"), and Mississippi Silicon LLC ("MS"), together representing the majority of American silicon metal production, today reported that the U.S. Department of Commerce ("Commerce") will impose final duties of 12.27% on all silicon metal imports from Malaysia. Today's decision closes out a set of investigations requested by GSM and MS last June to stop producers in four countries, including Malaysia, from selling dumped and unfairly subsidized metal imports into the United States – now, all have resulted in favorable final rulings.

U.S. Department of Commerce Imposes Final Duties on All Silicon Metal Imports From Malaysia, US Producers Report

Adjusted EBITDA came in at $22.1mm vs $-17.6mm last year. Revenue up 16% over last year driven largely by volume.

Ferroglobe: Solid Execution And Turnaround Still On Plan

Ferroglobe PLC (GSM) CEO Marco Levi on Q1 2021 Results - Earnings Call Transcript

Sales of $361.4 million and Adjusted EBITDA of $22.1 million

Ferroglobe Reports Results for the First Quarter 2021

LONDON, May 14, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (Nasdaq:GSM) (“Ferroglobe” or the “Company”), a leading producer of silicon metal, silicon-based alloys and manganese-based specialty alloys, is pleased to announce today that it has appointed Belen Villalonga, Silvia Villar-Mir de Fuentes, Nicolas De Santis, and Rafael Barrilero Yarnoz to the board of directors effective May 13, 2021.

Ferroglobe Announces New Appointments and Changes to the Board of Directors

LONDON, May 13, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (the “Company”) refers to the Company's release on March 28, 2021 regarding the lock-up agreement dated March 27, 2021 (the “Lock-Up Agreement”) between the Company and certain financial stakeholders.

Successful signing of Note Purchase Agreement relating to $40 million notes issuance under the Lock-Up Agreement dated March 27, 2021

Company has successfully agreed to a lock up with 96% of their bonds due in 2022.

Ferroglobe: Balance Sheet Clean Up And Commodity Ripping A Potent Combo

LONDON, April 21, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (the “Company”) refers to the Company's release on March 28, 2021 regarding the lock-up agreement dated March 27, 2021 (the “Lock-Up Agreement”) between the Company and certain financial stakeholders.

Successful conclusion of consent process under the Lock-Up Agreement dated March 27, 2021

LONDON, April 15, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (the “Company”) refers to the Company's release on March 28, 2021 regarding the lock-up agreement dated March 27, 2021 (the “Lock-Up Agreement”) between the Company and certain financial stakeholders.

Extension of Consent Fee Deadline under the Lock-Up Agreement dated March 27, 2021

LONDON, April 12, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (the “Company”) refers to the Company's release on March 28, 2021 regarding the lock-up agreement dated March 27, 2021 (the “Lock-Up Agreement”) between the Company and certain financial stakeholders.

Consent Fee Deadline under the Lock-Up Agreement dated March 27, 2021

LONDON, March 29, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (Nasdaq:GSM) (the “Company”), one of the world's leading producers of silicon metal, silicon-based alloys and manganese-based specialty alloys, announced today that it has engaged with the European Works Council (“EWC”) to discuss details of proposals for an asset optimization program designed to safeguard its long-term future in Europe. Through this process, the Company is seeking to reduce or cease production at some of its sites in Europe.

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