Ferro Corp. (FOE) Tops Q4 EPS by 1c, Beats on Revenues

Note: EPS may not be comparable

Ferro Corp. (NYSE: FOE) reported Q4 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $377.5 million versus the consensus estimate of $338.23 million.

Fourth Quarter Financial and Operating Highlights *:

• Net Sales increased 34.2% to $377.5M
• Organic sales growth was 9.2% on a constant currency basis
• GAAP diluted EPS improved to a loss of $0.10 versus a loss of $0.25
• Adjusted EPS increased 7.4% to $0.29
• Net Income improved to a loss of $8.7M compared to a loss of $20.9M
• Adjusted EBITDA grew 20.1% to $54.3M

For earnings history and earnings-related data on Ferro Corp. (FOE) click here.

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