Welcome to our dedicated page for Ferroglobe PLC news (Ticker: $GSM), a resource for investors and traders seeking the latest updates and insights on Ferroglobe PLC stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ferroglobe PLC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ferroglobe PLC's position in the market.
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.
