Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. It also provides ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; calcium silicon, which is used in the deoxidation and desulfurization of liquid steel, and production of coatings for cast iron pipes, as well as in the welding process of powder metal and in pyrotechnics; nodularizers and inoculants, which are used in the production of iron; and silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. In addition, the company operates quartz mines in Spain, South Africa, the United States, and Canada; and low-ash metallurgical coal mines in the United States, as well as holds interests in hydroelectric power plant in France. It serves silicone chemical, aluminum, and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. The company was formerly known as VeloNewco Limited and changed its name to Ferroglobe PLC in December 2015. The company was incorporated in 2015 and is headquartered in London, the United Kingdom. Ferroglobe PLC is a subsidiary of Grupo Villar Mir, S.A.U.
IPO Year:
Exchange: NASDAQ
Website: ferroglobe.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/14/2022 | $12.00 | Buy | B. Riley Securities |
| 2/14/2022 | $16.00 | Buy | Seaport Global |
B. Riley Securities initiated coverage of Ferroglobe PLC with a rating of Buy and set a new price target of $12.00
Seaport Global initiated coverage of Ferroglobe with a rating of Buy and set a new price target of $16.00
6-K - Ferroglobe PLC (0001639877) (Filer)
6-K - Ferroglobe PLC (0001639877) (Filer)
6-K - Ferroglobe PLC (0001639877) (Filer)
6-K - Ferroglobe PLC (0001639877) (Filer)
6-K - Ferroglobe PLC (0001639877) (Filer)
20-F - Ferroglobe PLC (0001639877) (Filer)
6-K - Ferroglobe PLC (0001639877) (Filer)
NT 20-F - Ferroglobe PLC (0001639877) (Filer)
6-K - Ferroglobe PLC (0001639877) (Filer)
6-K - Ferroglobe PLC (0001639877) (Filer)
Maintaining Adj. EBITDA guidance of $150-170 million Recorded improved adjusted EBITDA of $60 million for the third quarter of 2024Positive net cash position of $32 million and adjusted gross debt of $89 millionU.S. Department of Commerce announced duties on Russian, Brazilian, Kazakhstan and Malaysian FeSi importsPaid quarterly cash dividend of $0.013 per share in September; next dividend of $0.013 per share on December 27Repurchased shares during the third quarter and implemented a 10b5-1 planPreparing to issue ESG report highlighting the company's 2030 decarbonization targets and other milestones LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the
LONDON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue third quarter financial results after the market closes on Wednesday, November 6, 2024, and will host the quarterly earnings call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should dial 800-715-9871 (US toll-free) or 646-307-1963 (international) approximately 15 minutes prior to start time. To join via webcast: A simultaneous audio webcast, and replay will be accessible here: https://edge.media-server.com/mmc/p/ej52hvj2 About Ferroglobe Ferroglobe is a leading global producer of silicon metal, silicon and ma
Narrowing annual Adj. EBITDA guidance to $150-170 million from $130-170 million previously Posted solid adjusted EBITDA of $58 million for the second quarter of 2024Net cash positive of $64 million and adjusted gross debt of $81 millionU.S. Department of Commerce announced preliminary duties on Russian FeSi importsCoreshell advanced EV battery testing yields promising resultsFrench operations restarted in Q2, driving silicon metal volume growthPaid quarterly cash dividend of $0.013 per share in June; next dividend on September 27Shareholders approved the share buyback program at the June annual general meeting LONDON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferrog
LONDON, July 24, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue second quarter financial results after the market closes on Monday, August 5, 2024, and will host the quarterly earnings call on Tuesday, August 6, 2024, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should pre-register using this link: https://register.vevent.com/register/BI13217e2c34d24a3384eaac756b699a70 Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call. To join via webcast:A simultaneous audio webcast, and replay will be accessible here: https://edge.media-server.com/mmc/p/wczmt
Posted adjusted EBITDA of $25.8 million for the first quarter of 2024Net cash positive for the first time in the Company's history; all-time low gross debt of $81 millionInitiated a quarterly cash dividend of $0.013 per share, paid on March 28, 2024; announcing a second quarter dividend of $0.013 per share, payable on June 27Board approved stock buyback program; shareholder vote to approve buyback scheduled for June 2024 AGMSuccessfully restarted French operations on April 1, 2024, with all furnaces runningApplying for permit to expand silicon metal production in the U.S. to address strong secular trends in solar and EV batteriesSigned a memorandum of understanding with Coreshell, followed b
LONDON, May 13, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue first-quarter financial results after the market closes on Tuesday, May 14, 2024, and will host the quarterly earnings call on Wednesday, May 15, 2024, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should pre-register using this link: https://register.vevent.com/register/BI3710d5099e3c4756b47a1496c71ce9ab Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call. To join via webcast: A simultaneous audio webcast, and replay will be accessible here: https://edge.media-server.com/
LONDON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the "Company", or the "Parent"), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announced financial results for the fourth quarter and full year 2023. Introducing 2024 adjusted EBITDA guidance of $100 million to $170 million FINANCIAL HIGHLIGHTS 2023 revenue of $1.7 billion, down 36% Y/Y2023 adjusted EBITDA of $315 million, down 63% Y/YQ4 adjusted EBITDA declined to $60 million, down 42% from Q3 and down 54% from Q4-22Q4 adjusted EBITDA margins were at 16% versus 25% in the prior quarter and 29% in Q4-22Q4 adjusted EPS was
LONDON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue fourth quarter and full-year financial results after the close of the market on Wednesday, February 21, 2024, and will host the quarterly earnings call on Thursday, February 22, 2024 at 8:30am Eastern Time. To join via phone:Conference call participants should pre-register using this link:https://register.vevent.com/register/BI99f4883faa1f4b43bdf1ff571a916e5b Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call. To join via webcast: A simultaneous audio webcast, and replay will be accessible here: http
LONDON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the "Company", or the "Parent"), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announced financial results for the third quarter 2023. FINANCIAL HIGHLIGHTS Reported Q3-23 revenue of $416.8 million, down 9% over the prior quarter Q3-23 Adjusted EBITDA of $104.5 million, down 1% over the prior quarterQ3-23 Adjusted EBITDA margin improved to 25.1% versus 23.2% in Q2-23Q3-23 Adjusted EPS was $0.27 versus $0.30 in Q2-23Gross debt was $237 million at Sep-23, down from $400 million at Jun-23 and $431 million at Sep-22$100 million available from our A
LONDON, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the "Company", or the "Parent"), a leading global producer of silicon metal, silicon-based and manganese-based specialty alloys, announces the acquisition of a strategic, high-purity quartz mine in South Carolina, U.S. The purchase price was approximately $11 million in cash with an additional $4 million expected in capital expenditures to build out the infrastructure, including rail access, loadout, and a processing facility. High-purity quartz is the key raw material in the supply chain and is required for the production of high-purity silicon metal, which is used in applications for solar and advan
Maintaining Adj. EBITDA guidance of $150-170 million Recorded improved adjusted EBITDA of $60 million for the third quarter of 2024Positive net cash position of $32 million and adjusted gross debt of $89 millionU.S. Department of Commerce announced duties on Russian, Brazilian, Kazakhstan and Malaysian FeSi importsPaid quarterly cash dividend of $0.013 per share in September; next dividend of $0.013 per share on December 27Repurchased shares during the third quarter and implemented a 10b5-1 planPreparing to issue ESG report highlighting the company's 2030 decarbonization targets and other milestones LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the
LONDON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue third quarter financial results after the market closes on Wednesday, November 6, 2024, and will host the quarterly earnings call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should dial 800-715-9871 (US toll-free) or 646-307-1963 (international) approximately 15 minutes prior to start time. To join via webcast: A simultaneous audio webcast, and replay will be accessible here: https://edge.media-server.com/mmc/p/ej52hvj2 About Ferroglobe Ferroglobe is a leading global producer of silicon metal, silicon and ma
Narrowing annual Adj. EBITDA guidance to $150-170 million from $130-170 million previously Posted solid adjusted EBITDA of $58 million for the second quarter of 2024Net cash positive of $64 million and adjusted gross debt of $81 millionU.S. Department of Commerce announced preliminary duties on Russian FeSi importsCoreshell advanced EV battery testing yields promising resultsFrench operations restarted in Q2, driving silicon metal volume growthPaid quarterly cash dividend of $0.013 per share in June; next dividend on September 27Shareholders approved the share buyback program at the June annual general meeting LONDON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferrog
LONDON, July 24, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue second quarter financial results after the market closes on Monday, August 5, 2024, and will host the quarterly earnings call on Tuesday, August 6, 2024, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should pre-register using this link: https://register.vevent.com/register/BI13217e2c34d24a3384eaac756b699a70 Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call. To join via webcast:A simultaneous audio webcast, and replay will be accessible here: https://edge.media-server.com/mmc/p/wczmt
Posted adjusted EBITDA of $25.8 million for the first quarter of 2024Net cash positive for the first time in the Company's history; all-time low gross debt of $81 millionInitiated a quarterly cash dividend of $0.013 per share, paid on March 28, 2024; announcing a second quarter dividend of $0.013 per share, payable on June 27Board approved stock buyback program; shareholder vote to approve buyback scheduled for June 2024 AGMSuccessfully restarted French operations on April 1, 2024, with all furnaces runningApplying for permit to expand silicon metal production in the U.S. to address strong secular trends in solar and EV batteriesSigned a memorandum of understanding with Coreshell, followed b
LONDON, May 13, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue first-quarter financial results after the market closes on Tuesday, May 14, 2024, and will host the quarterly earnings call on Wednesday, May 15, 2024, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should pre-register using this link: https://register.vevent.com/register/BI3710d5099e3c4756b47a1496c71ce9ab Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call. To join via webcast: A simultaneous audio webcast, and replay will be accessible here: https://edge.media-server.com/
LONDON, March 13, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the "Company," or the "Parent"), a leading global producer of silicon metal, silicon-based and manganese-based ferroalloys, is pleased to announce that it has appointed Carsten Larsen as Chief Commercial Officer, effective April 1, 2024. Mr. Larsen brings three decades of international experience in developing new business growth strategies, maximizing sales and profitability, and leading cross-functional teams. He has spent his entire professional career in the industrial sector, most recently having served as Chief Commercial Officer and Managing Director at Agilyx ApS, a company specializing in plasti
Partnership to enable development of the lowest cost, longest range EV batteries replacing graphite and silane-based silicon with metallurgical silicon for the first time. SAN LEANDRO, Calif. and LONDON, March 12, 2024 /PRNewswire/ -- Coreshell, a US-based battery technology company and Ferroglobe PLC (NASDAQ:GSM), a world leading producer of silicon metal and ferroalloys, today announced the signature of a memorandum of understanding. Together, Ferroglobe and Coreshell expect to produce the first battery-ready metallurgical silicon for the development of low-cost, high-range EV batteries in compliance with the U.S. Inflation Reduction Act. The partnership will enable the leapfrogging of sil
LONDON, March 11, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM), a world leading producer of silicon metal and ferroalloys, and Coreshell, a US-based battery technology company, today announced the signature of a memorandum of understanding. Together, Ferroglobe and Coreshell expect to produce the first battery-ready metallurgical silicon for the development of low-cost, high-range EV batteries in compliance with the U.S. Inflation Reduction Act. The partnership will enable the leapfrogging of silane-based silicon and the replacement of graphite in EV batteries, which have bottlenecked the auto industry since the introduction of electric vehicles, creating cost and range limitations
XI'AN, China, March 4, 2024 /CNW/ -- LONGi, the world's leading Solar technology company, and Ferroglobe PLC, a world leading producer of Silicon Metal and Ferroalloys, are pleased to announce that they have entered into a long-term supply agreement effective January 1, 2024. This agreement consolidates the partnership between the two companies and paves the way for even stronger collaboration in the future. Under the terms of the agreement, Ferroglobe will supply high-quality quartzite and metallurgical grade silicon (MGS) to LONGi to support its strategy to increase purchase
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Together, Ferroglobe and Coreshell expect to produce the first battery-ready metallurgical silicon for the development of low-cost, high-range EV batteries in compliance with the U.S. Inflation Reduction Act.
Top Stories for Mar. 4, 2024: 1. The silicon metal and ferro alloys producer Ferroglobe PLC (NASDAQ:GSM) and the solar technology company LONGi announced a long-term silicon supply agreement which took effect on Jan. 1, 2024. Under the three-year agreement, Ferroglobe will provide LONGi with high-quality quartzite and metallurgical grade silicon to support LONGi's strategy of increasing purchases from top Western silicon suppliers. 2. MP Materials Corp. (NYSE:MP) plans to offer $500 million in Convertible Senior Notes due in 2030 to qualified institutional buyers, with an option to purchase up to an additional $75 million in notes. The notes are senior unsecured obligations, will pay inte
Chinese solar technology company LONGi has entered into a long-term supply agreement with the silicon metal and ferroalloys producer Ferroglobe PLC (NASDAQ:GSM), effective January 1, 2024. Under the terms of the agreement, Ferroglobe will supply high-quality quartzite and metallurgical grade silicon (MGS) to LONGi. This is expected to support LONGi’s strategy to increase purchases from Western suppliers of silicon materials. LONGi has manufacturing facilities and sales offices in more than 150 countries and regions worldwide. “We are thrilled to announce our long-term partnership with Ferroglobe,” said Tian Ye, Vice President, LONGi. “This strategic move will enable us to supply
LONGi, the world's leading Solar technology company, and Ferroglobe PLC, a world leading producer of Silicon Metal and Ferroalloys, are pleased to announce that they have entered into a long-term supply agreement effective January 1, 2024. This agreement consolidates the partnership between the two companies and paves the way for even stronger collaboration in the future. Under the terms of the agreement, Ferroglobe will supply high-quality quartzite and metallurgical grade silicon (MGS) to LONGi to support its strategy to increase purchases from the leading Western suppliers of silicon materials.
LONDON, March 13, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the "Company," or the "Parent"), a leading global producer of silicon metal, silicon-based and manganese-based ferroalloys, is pleased to announce that it has appointed Carsten Larsen as Chief Commercial Officer, effective April 1, 2024. Mr. Larsen brings three decades of international experience in developing new business growth strategies, maximizing sales and profitability, and leading cross-functional teams. He has spent his entire professional career in the industrial sector, most recently having served as Chief Commercial Officer and Managing Director at Agilyx ApS, a company specializing in plasti
LONDON, June 21, 2023 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM), a leading global producer of silicon metal, silicon-based alloys, and manganese-based alloys, is pleased to announce the appointment of Alex Rotonen as the Vice President Investor Relations, effective today. Alex will work closely with Anis Barodawalla, who will be focusing on strategy in his role as Vice President Corporate Strategy & M&A, maintaining his responsibilities for planning and execution of our strategy, as well as identifying opportunities to enhance the company's growth and competitiveness. Alex is an experienced finance professional with over 20 years of Wall Street experience in finance, investments an
LONDON, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe" or the "Company"), the world's leading producer of silicon metal, and a leading silicon- and manganese-based specialty alloys producer, is pleased to announce that it has appointed Anis Barodawalla as Vice President, Investor Relations and Corporate Strategy effective today. Mr. Barodawalla succeeds Gaurav Mehta in these responsibilities, while other roles previously held by Mr. Mehta are being reassigned to other members of the management team. Mr. Mehta informed the Company of his decision to pursue a new professional opportunity in the United States, and a formal process has been in place over the past
WALLA WALLA, Wash., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ:GSM), the parent company of Banner Bank, today announced the retirement of Judy Steiner, Executive Vice President and Chief Risk Officer of the Bank, effective November 25, 2021. Jim Costa has been hired to succeed Steiner as Executive Vice President and Chief Risk Officer as well as the Bank's chief banking regulatory liaison. Costa is joining the Bank immediately and will begin working with Steiner to ensure a smooth transition. Steiner joined Banner Bank in 2016, shortly after the transformational acquisition of AmericanWest which doubled the Bank's asset size. Prior to that, Steiner spent 25 years with Fi
LONDON, March 01, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe” or the “Company”), a leading producer of silicon metal, silicon-based alloys and manganese-based specialty alloys, is pleased to announce that it has appointed David Girardeau as Vice President of People and Culture, effective immediately. Mr. Girardeau is a seasoned human resources leader bringing over 25 years of international experience in transforming organizations and developing people across continents. His expertise includes integration of different companies with the aim of unifying the corporate culture, shaping the organization to drive and support transformation, building new workforce capabi