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 reports developments tied to its role as a producer of silicon metal, silicon-based specialty alloys, manganese-based alloys and ferroalloys. Company updates center on quarterly financial results, sales trends across silicon metal, silicon-based alloys and manganese-based alloys, cash and debt metrics, dividends, share repurchases and earnings-call schedules.
Recurring announcements also address trade measures affecting silicon metal, ferrosilicon and ferroalloy markets in the United States and Europe, energy-cost management, index inclusion and partnerships connected to silicon anode technology. Ferroglobe serves end markets that include solar, electronics, automotive, consumer products, construction and energy.
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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