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.
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Ferroglobe PLC (NASDAQ: GSM), a prominent global producer of silicon metal and ferroalloys, will disclose its first-quarter financial results after market close on May 9, 2023. The subsequent earnings call is scheduled for May 10, 2023, at 8:30 AM ET. Investors can join the call via phone after pre-registering or through a live webcast. Ferroglobe serves diverse markets including solar, electronics, and automotive, positioning itself within fast-growing sectors. This earnings announcement is part of the company's ongoing commitment to transparency and investor engagement.
Ferroglobe PLC (GSM) reported a record revenue of $2.6 billion for 2022, marking a 46% increase year-over-year, with adjusted EBITDA reaching $860 million, up 380%. The fourth quarter adjusted EBITDA was $130 million, down 30% from Q3 but up 52% from Q4-21. Net debt reduced to $137 million, while total cash increased to $323 million. The company anticipates adjusted EBITDA of $270-$300 million for 2023. Despite a strong overall year, Q4 sales volume fell 24% due to reduced pricing and customer destocking. Ferroglobe is expanding its production capacity and entering the battery market, emphasizing opportunities in high purity silicon for electric vehicles and solar energy.
Ferroglobe PLC (NASDAQ: GSM) is set to release its fourth quarter and full-year financial results on February 22, 2023, after market close. The company will conduct a quarterly earnings call the following day, February 23, 2023, at 8:30 am Eastern Time. Interested participants can pre-register for the call via a provided link to receive dial-in details. Ferroglobe is a prominent supplier of silicon metal and specialty alloys across various industries including solar, electronics, and automotive. For further information, visit their investor relations website.
Ferroglobe PLC (NASDAQ: GSM) announced Q3 2022 results, reporting revenue of $593.2 million, a 29.5% decline from Q2 2022. Adjusted EBITDA decreased 38.9% to $185.3 million, with a margin of 31%. Net profit dropped to $98.8 million, down from $185.1 million in Q2. The company has $236.8 million in cash, down $69.7 million from the previous quarter. Despite challenging market conditions, Ferroglobe plans to restart its Polokwane facility, adding 55,000 tons of silicon metal capacity. The company continues managing costs and reducing debt.