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 (NASDAQ: GSM) is a producer of silicon metal, silicon-based specialty alloys, manganese-based specialty alloys and ferroalloys, supplying customers in end markets such as solar, electronics, automotive, consumer products, construction and energy. This news page aggregates company announcements, earnings releases and other public updates related to GSM.
Readers can review quarterly and annual financial results, where Ferroglobe reports sales, adjusted EBITDA, net income or loss, cash and debt metrics, and detailed performance by product category. These releases often discuss market conditions, demand trends in steel and foundry sectors, raw material and energy costs, and the impact of trade measures in the U.S. and European Union on silicon metals, silicon alloys and manganese alloys.
The news flow also covers capital allocation and shareholder matters, including disclosures on quarterly cash dividends, share repurchases and index membership such as inclusion in the Russell 2000 and Russell 3000 indexes. Announcements of earnings call schedules provide information on upcoming webcasts and conference calls for investors and analysts.
In addition, Ferroglobe’s updates highlight strategic and partnership developments, such as its role as a key materials partner to Coreshell, a battery technology company working on silicon anode lithium-ion batteries. These items illustrate how Ferroglobe’s silicon products are being used in emerging applications, including electric vehicles, robotics and defense-related battery systems.
By following this page, users can access a chronological record of GSM-related press releases and official communications, covering financial performance, trade and regulatory developments, capital returns, index changes and technology partnerships.
Ferroglobe PLC (NASDAQ: GSM) reported its strongest quarterly revenue since 2018, achieving sales of $569.8 million in Q4 2021, a 33% increase from Q3. Adjusted EBITDA reached a record $92.8 million, marking a 146.9% increase. The company returned to profitability with a net income of $66.3 million in Q4, contrasting with a substantial loss in Q3. Strong market demand and improved pricing across product categories bolstered performance. Going forward, Ferroglobe anticipates continued momentum in 2022, driven by favorable pricing and a comprehensive turnaround plan.
Ferroglobe PLC (NASDAQ:GSM) will release its fourth quarter and full year 2022 financial results after market close on March 2, 2022. A conference call is scheduled for March 3, 2022, at 8:30 AM EST, inviting participants to discuss the results. The call can be accessed via audio webcast or by phone, with specific dial-in numbers and a conference ID provided for attendees. Ferroglobe specializes in silicon metal, specialty alloys, and ferroalloys, serving multiple sectors including solar and automotive.
Ferroglobe PLC (NASDAQ: GSM) has announced the approval of €34.5 million in loans from the Spanish Fund for supporting strategic companies. This funding, proposed by SEPI, will support its wholly owned subsidiaries, Grupo Ferroatlántica, S.A.U. and Grupo Ferroatlántica de Servicios, S.A.U., as part of economic recovery efforts following the COVID-19 pandemic. The loans consist of two tranches maturing in 2025, with fixed and variable interest rates. CFO Beatriz García-Cos expressed gratitude, highlighting the support's role in enhancing competitiveness.
Ferroglobe PLC (NASDAQ: GSM) announced measures to address rising energy prices in Spain, including idling one furnace at the Sabon facility, a second at the Boo facility, and cutting production by 25% at the Monzón facility. These actions aim to mitigate the impact of energy costs while fulfilling customer obligations. CEO Marco Levi highlighted the importance of the company's asset flexibility and expertise in navigating these challenges. The company continues to monitor the situation and adjust operations as necessary.
Ferroglobe PLC (NASDAQ: GSM) announced the postponement of its virtual Investor Day to Q1-2022 due to a scheduling conflict. CEO Marco Levi expressed enthusiasm for this event, indicating efforts to enhance the company's competitiveness and pursue growth since he joined in 2020. The company, a leading producer of silicon metal and alloys, aims to engage with investors actively ahead of the rescheduled event. The announcement marks a significant engagement opportunity for stakeholders who are keen to understand the company's future plans.
Ferroglobe reported Q3 2021 sales of $429.2 million, a 2.5% increase from Q2 2021 and a 63.4% increase year-over-year. Despite this growth, the company faced a significant net loss of ($97.6) million, largely due to a $90.8 million one-time charge from debt extinguishment. Adjusted EBITDA rose to $37.6 million, up 10.3% from Q2 2021. The increase in working capital, driven by heightened demand, amounted to $61.6 million. CEO Marco Levi emphasized strong market conditions and expectations for improved financial performance in 2022.
Ferroglobe PLC (NASDAQ:GSM) will release its third quarter financial results after market close on November 16, 2021. The quarterly earnings call is scheduled for November 17, 2021, at 8:30 AM EST. Interested participants can join by dialing in or through an online audio webcast. Ferroglobe specializes in silicon metal and manganese-based alloys, catering to various sectors, including solar and automotive.
Ferroglobe PLC (NASDAQ: GSM) announced plans to restart its silicon metal facility in Selma, Alabama, through its subsidiary Globe Metallurgical Inc. (GMI). This restart involves a two-furnace operation with an annual capacity of 22,000 tons, aiming to resume one furnace by December 2021 and the second by March 2022. The project will create approximately 100 new local jobs and requires support from New Market Tax Credits for commissioning costs and equipment upgrades. CEO Marco Levi highlighted the facility's significance following the shutdown of another site in New York.
Ferroglobe reported Q2 2021 sales of $418.5 million, a 15.8% increase from Q1 2021 and a 67.4% rise year-over-year. Adjusted EBITDA reached $34.1 million, up 54.5% from Q1 2021. The company returned to profitability with a net income of $0.7 million, contrasting with prior losses. Operating cash flow was positive at $37.8 million, with net cash flow of $21.6 million. Despite a modest increase in working capital, the company faces challenges from fixed pricing contracts and inflationary pressures, impacting future performance.
Ferroglobe PLC (NASDAQ:GSM) will announce its second quarter financial results after market close on August 23, 2021. A conference call is scheduled for August 24, 2021, at 9:00 AM EDT, inviting stakeholders to join for insights on the company's financial performance. Participants can access the call by dialing the provided numbers or through an audio webcast. Ferroglobe specializes in silicon metal and specialty alloys, catering to sectors like solar, automotive, and construction. For investor queries, Gaurav Mehta is the contact person.
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