Ferroglobe (GSM) Misses Q4 EPS by 1c, Beats on Revenues

Ferroglobe (NASDAQ: GSM) reported Q4 EPS of $0.06, $0.01 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $468.2 million versus the consensus estimate of $463.41 million.

Q4 2017 results:

• Revenue of $468.2 million, up 3.7% from $451.6 million in Q3 2017
• Net profit of $32.1 million, or $0.19 on a fully diluted per share basis, up from a net loss of $(5.0) million, or a $(0.02) per share, in the prior quarter. The Q4 results include a tax benefit from recent US tax reform of $30.9 million
• Adjusted net profit of $11.0 million, or $0.06 on a fully diluted per share basis, compared to a net profit of $9.2 million, or $0.05 on a fully diluted per share basis, in the prior quarter. The US tax reforms did not impact these figures
• Reported EBITDA of $48.9 million, a decrease of 9.9% compared to reported EBITDA of $54.3 million in Q3 2017
• Adjusted EBITDA of $54.9 million, a decrease of 2.1% compared to $56.1 million adjusted EBITDA in Q3 2017

For earnings history and earnings-related data on Ferroglobe (GSM) click here.

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