Ferroglobe plc (GSM) Posts Q1 Loss of 15c/Share

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Go back to Ferroglobe plc (GSM) Posts Q1 Loss of 15c/Share

Ferroglobe Reports Results for First Quarter 2016, its First Quarter as a Newly Combined Company

May 18, 2016 7:46 PM EDT

Q1 2016 revenue of $423.5 million, down from pro forma $543 million in Q1 2015Net loss of $(25.7) million, or $(0.15) on a fully diluted per share basis. Adjusted net loss of $(6.3) million, or $(0.04) on a fully diluted per share basisAdjusted EBITDA of $33.9 million; reported EBITDA of $21.2 millionFree cash-flow generation of $35 millionCost savings of $19.8 million achieved compared to Q1 2015 levelsReduction in production costs of 20% comparing current footprint to legacy Globe Specialty Metals footprintExceeded working capital synergies target of $100 million by reducing working capital by $144 million in the last 12 months, including $55 million in Q1 2016; continued working capital... More

Ferroglobe PLC Schedules First Quarter 2016 Earnings Investor Call for May 19, 2016

May 17, 2016 5:42 PM EDT

LONDON, May 17, 2016 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) announced today that it will discuss first quarter 2016 financial results and Ferroglobe's business outlook on Thursday,  May 19, 2016.  Ferroglobe invites all interested persons to participate on its conference call at 8:45 AM, Eastern Time.  The dial-in... More