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 2024

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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.

LONDON, Aug.  03, 2020  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or “the Company”), a leading producer of silicon metal, silicon alloys and manganese-based specialty alloys, has received approval from the NASDAQ Stock Market LLC (“NASDAQ”) of the Company’s request to transfer listing of its ordinary shares to the NASDAQ Capital Market from the NASDAQ Global Select Market.

Ferroglobe announces listing transfer to the NASDAQ Capital Market

LONDON, July  01, 2020  (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 that it has appointed Craig Arnold as Executive Vice President of Sales and Marketing, effective immediately.  Mr. Arnold succeeds Jeff Watson, who chose to step down from his position to pursue other interests while being closer to his family in the United States.

Ferroglobe Appoints Craig Arnold as Executive Vice President, Sales and Marketing

MIAMI, June  30, 2020  (GLOBE NEWSWIRE) -- 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 petitioned the U.S. Department of Commerce (“Commerce”) and the U.S. International Trade Commission (“ITC”) to stop silicon metal producers in Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan from selling dumped and unfairly subsidized silicon metal imports into the United States.

Globe Specialty Metals and Mississippi Silicon File Unfair Trade Cases Against Bosnia and Herzegovina, Iceland, Malaysia, and Kazakhstan

WASHINGTON, June 30, 2020 /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 petitioned the U.S. Department of Commerce...

Globe Specialty  Metals and Mississippi Silicon File Unfair Trade Cases Against Bosnia and Herzegovina, Iceland, Malaysia, and Kazakhstan

Ferroglobe Plc (GSM) CEO Marco Levi on Q1 2020 Results - Earnings Call Transcript

Sales of $311.2 million; Net loss of $(49.1) million; Adjusted EBITDA of $(17.6) million

Ferroglobe Reports Results for the First Quarter of 2020

LONDON, June  08, 2020  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or “the Company”), a global, leading producer of silicon metal, silicon-based alloys and manganese-based alloys, is pleased to announce the appointment of Marta Amusategui as a Non-Executive Director of the Company, effective June 12, 2020.

Ferroglobe Announces New Appointment to the Board Of Directors

LONDON, June  02, 2020  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or “the Company”), a global, leading producer of silicon metal, and a leading silicon- and manganese-based specialty alloys producer, today announced changes to its Board of Directors.

Ferroglobe Announces Changes to the Board of Directors

LONDON, June  01, 2020  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM), (“Ferroglobe”, “the Company”, “we” or “our”), a global, leading producer of silicon metal, and a leading silicon- and manganese-based specialty alloys producer, filed its Annual Report on Form 20-F, the annual SEC filing required of foreign private issuers with securities listed on U.S. exchanges on May 29, 2020.  The filing includes audited financial statements as of and for the year ended December 31, 2019 and is available at  www.ferroglobe.com  and  www.sec.gov .  As reflected therein, the Company had an operating loss of $355.6 million and a net loss of $285.6 million for the year ended December 31, 2019.  As of that date, the Company had cash and cash equivalents of $123.2 million, of which $28.3 is restricted. 

Ferroglobe Files Annual Report on Form 20-F with the SEC

LONDON, April  30, 2020  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe”, “the Company”, “we” or “our”), a global, leading producer of silicon metal, and a leading silicon- and manganese-based specialty alloys producer, announced today that there will be a delay in the filing of its annual report on SEC Form 20-F for the year ended December 31, 2019 (“Annual Report”).

Ferroglobe PLC Announces Delay in Filing Form 20-F Due to COVID-19

Ferroglobe Plc (GSM) CEO Marco Levi on Q4 2019 Results - Earnings Call Transcript

LONDON, Jan.  13, 2020  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe” or the “Company”), announced today that Dr. Marco Levi has been appointed as its Chief Executive Officer (CEO), effective immediately.  Dr. Levi will be based with the Company’s management team in Madrid, Spain.

Ferroglobe Announces Appointment of Marco Levi as Chief Executive Officer

Ferroglobe (GSM) CEO, Pedro Larrea on Q3 2019 Results - Earnings Call Transcript

Globe Specialty Metals (GSM) delivered earnings and revenue surprises of 44.44% and -3.92%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Globe Specialty Metals (GSM) Reports Q3 Loss, Lags Revenue Estimates

LONDON, Nov.  19, 2019  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or “the Company”), the world’s leading producer of silicon metal, and a leading silicon- and manganese-based specialty alloys producer, today announced that it has received a notification letter from the Listing Qualifications Department of the NASDAQ Stock Exchange LLC (“NASDAQ”), notifying the Company that the minimum bid price for its ordinary shares has been below $1.00 for a period of 30 consecutive trading days and the Company therefore no longer meets the minimum bid price requirement of NASDAQ listing rule 5550(a)(2) (the “Minimum Bid Requirement”).

Ferroglobe receives NASDAQ letter regarding non-compliance with minimum bid price requirement

LONDON, Oct.  29, 2019  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe” or the “Company”), the world’s leading producer of silicon metal and a leading silicon- and manganese-based specialty alloy producer, is pleased to announce that it has appointed Beatriz García-Cos Muntañola as Chief Financial Officer (“CFO”), effective October 17, 2019.

Ferroglobe Appoints Beatriz García-Cos Muntañola Chief Financial Officer

LONDON, Oct.  28, 2019  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) today announced that its U.S. subsidiary Globe Specialty Metals, Inc. (“Globe”) has formed an ad hoc trade coalition in the United States with Mississippi Silicon LLC.  The two U.S. merchant producers of silicon metal have agreed to form a coalition to address international trade regulatory issues related to unfair import competition which affect both companies.

Globe Specialty Metals Announces Formation of Domestic Trade Coalition

LONDON, Oct.  11, 2019  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”) today announced the closing of a new, five-year $100 million North American asset-based revolving credit facility (the “ABL Revolver”), between Globe Specialty Metals, Inc. (“Globe”) and QSIP Canada ULC, each a subsidiary of the Company, as borrowers and PNC Bank, National Association (“PNC”), as lender and agent.

Ferroglobe Announces Closing of $100 Million Asset-Based Revolving Credit Facility

LONDON, Oct.  04, 2019  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe” or the “Company”), the world’s leading producer of silicon metal and a leading silicon- and manganese- based specialty alloy producer, announced today the following corporate developments.

Ferroglobe Provides Corporate Update

LONDON, Oct.  01, 2019  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”) announced today that it has obtained the consent of its lenders for and entered into an amendment (the “Amendment”) to its existing revolving credit agreement (the “RCF”). Among other provisions, the Amendment:

Ferroglobe Amends its Revolving Credit Facility

Ferroglobe (GSM) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.

Falling Earnings Estimates Signal Weakness Ahead for Ferroglobe (GSM)

Ferroglobe (GSM) CEO, Pedro Larrea on Q2 2019 Results - Earnings Call Transcript

Sales of $409.5 million; Net Loss of $(43.7) million; Adjusted EBITDA of $5.0 million Sales of $409.5 million; Net Loss of $(43.7) million; Adjusted EBITDA of $5.0 million

Ferroglobe Reports Second Quarter Results of 2019

Total transaction value of €170 million

Ferroglobe Completes the Sale of Spanish Hydro Facilities and One Ferroalloys Plant to TPG Sixth Street Partners

LONDON, Aug.  23, 2019  (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”) welcomes the decision by the Canadian International Trade Tribunal (CITT) to continue its anti-dumping/countervailing duty (“AD/CVD”) finding in respect of imports of silicon metal from China for a further 5-year period.

News for Ferroglobe Stock (GSM)