Welcome to our dedicated page for Ferroglobe news (Ticker: GSM), a resource for investors and traders seeking the latest updates and insights on Ferroglobe stock.
Ferroglobe PLC (GSM), a global leader in silicon metal and specialty alloy production, maintains this centralized news hub for investors and industry stakeholders. Access real-time updates on operational milestones, financial performance, and strategic initiatives shaping the electrometallurgy sector.
This resource aggregates official press releases, earnings reports, and market analyses to help users track production innovations, sustainability efforts, and supply chain developments. Key content includes:
• Quarterly financial results and SEC filings
• Strategic partnerships in solar/automotive sectors
• Operational updates from global facilities
• Raw material market trend analyses
Bookmark this page for streamlined access to verified information about Ferroglobe's role in advanced material manufacturing and energy-efficient production processes.
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.
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