Ferroglobe - GSM STOCK NEWS

Coreshell has secured $24M in strategic funding led by Ferroglobe PLC (NASDAQ: GSM) and Zeon Ventures to scale production of its innovative 60 Ah battery cells using 100% domestically-sourced metallurgical silicon. The funding will support expansion of their 4 MWh manufacturing facility in San Leandro, California, and plans for a new 100 MWh facility.

The company's breakthrough technology replaces traditional graphite with metallurgical silicon in battery anodes, achieving 30-40% higher energy density and up to 25% cost reduction. Test results show their cells can achieve over 475 cycles while maintaining 90% capacity, with expectations to exceed 1000 cycles. The batteries can charge from 10-80% in under 15 minutes and demonstrate safety levels comparable to traditional graphite-based batteries.

Commercial samples will be delivered to global automakers in 2025, addressing key EV industry challenges including range, supply chain resilience, and cost reduction.

Ferroglobe (NASDAQ: GSM) reported its Q4 and full-year 2024 financial results, posting adjusted EBITDA of $153.8 million for FY2024 and $9.8 million for Q4. The company generated $164.1 million in free cash flow for the year and $14.1 million in Q4.

Q4 sales decreased 15.2% quarter-over-quarter to $367.5 million, with declines across silicon metal, silicon-based alloys, and manganese-based alloys. The company reported a Q4 net loss of $46.4 million ($0.25 per share), primarily due to a $61.3 million impairment charge.

For 2025, Ferroglobe provided adjusted EBITDA guidance of $100-170 million. The company increased its quarterly dividend by 7.7% to $0.014 per share and repurchased approximately 482,000 shares in Q4. Management highlighted progress in trade measures implementation in the US and Europe to combat artificially low-priced competitive products.

Ferroglobe PLC (NASDAQ: GSM) has announced its schedule for the release of its fourth quarter and full-year 2024 financial results. The company will release the financial results after market close on Wednesday, February 19, 2025, followed by a quarterly earnings call on Thursday, February 20, 2025, at 8:30 a.m. Eastern Time. Participants can join via phone through pre-registration or access the simultaneous audio webcast and replay through the provided links.

Ferroglobe (NASDAQ: GSM) reported Q3 2024 financial results with sales of $433.5 million, down 3.9% from Q2 2024 but up 4.0% year-over-year. Adjusted EBITDA reached $60.4 million, a 5% increase from Q2. Net income was $18.8 million, down 46% quarter-over-quarter. The company maintains its adjusted EBITDA guidance of $150-170 million and reports a positive net cash position of $32 million. Notable developments include U.S. Department of Commerce's duties on FeSi imports and implementation of a quarterly dividend of $0.013 per share.

Ferroglobe PLC (NASDAQ: GSM) has scheduled its third quarter 2024 financial results announcement for November 6, 2024, after market close. The company will host an earnings conference call on November 7, 2024, at 8:30 a.m. Eastern Time. Participants can join via phone using US toll-free number 800-715-9871 or international number 646-307-1963, or access the simultaneous audio webcast through the provided link.

Ferroglobe PLC (NASDAQ: GSM) reported strong Q2 2024 financial results, with sales increasing 15% to $451 million and adjusted EBITDA more than doubling to $57.7 million. The company narrowed its annual Adj. EBITDA guidance to $150-170 million. Key highlights include:

- Net income of $34.9 million, or $0.18 per diluted share
- Net cash positive position of $64 million
- U.S. Department of Commerce announced preliminary duties on Russian FeSi imports
- French operations restarted, driving silicon metal volume growth
- Paid quarterly cash dividend of $0.013 per share; next dividend on September 27
- Shareholders approved share buyback program for up to 37.8 million shares

The company saw increased sales volumes in silicon metal and manganese-based alloys, with silicon metal revenue up 21.6% and manganese-based alloy revenue up 47.6% quarter-over-quarter.

Ferroglobe PLC (NASDAQ: GSM) has announced its schedule for the second quarter 2024 earnings call, set for August 6, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results for Q2 2024 after the market closes on August 5, 2024. Interested parties can join the conference call via phone by pre-registering through a provided link to receive dial-in numbers and a personal PIN. Additionally, a simultaneous audio webcast and replay will be available for those who prefer to join online.

Ferroglobe (NASDAQ: GSM) announced solid financial results for Q1 2024, with adjusted EBITDA of $25.8 million. The company raised its annual adjusted EBITDA guidance to $130-170 million from the previous $100-170 million. Despite a net loss of $2 million, Ferroglobe became net cash positive for the first time, with a gross debt of $81 million. The company initiated a $0.013 per share cash dividend, payable on March 28, and will issue another on June 27. A stock buyback program is also planned, pending shareholder approval. Ferroglobe restarted its French operations and is applying for a permit to expand U.S. silicon metal production. A strategic partnership with Coreshell aims to advance the use of silicon in EV batteries.

Ferroglobe PLC (NASDAQ: GSM) will release its first-quarter financial results on May 14, 2024, and host an earnings call on May 15, 2024. The call will take place at 8:30 a.m. Eastern Time. Participants can join via phone or webcast. Details can be found on the company's website.