Ferro Corp. (FOE) Tops Q1 EPS by 1c, Boosts FY EPS Outlook

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Go back to Ferro Corp. (FOE) Tops Q1 EPS by 1c, Boosts FY EPS Outlook

Ferro Reports First Quarter 2016 Results

April 26, 2016 4:15 PM EDT

Net sales increased by 13.4% on constant currency basis First-quarter adjusted EPS from continuing operations of $0.22 Profitability metrics continue to strengthen: Adjusted gross profit margin expands to 30.4% from 27.9% Adjusted operating profit margin increases to 11.9% from 10.0% Adjusted EBITDA margin expands to 15.7% from 13.0% Company raises 2016 adjusted EPS guidance to $0.93 - $0.98 from $0.90 - $0.95 (guidance is based on current foreign currency rates)

CLEVELAND--(BUSINESS WIRE)-- Ferro Corporation... More