Ferro Corp. (FOE) Tops Q2 EPS by 1c
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Ferro Reports Resilient Second Quarter 2020 Performance
August 4, 2020 4:15 PM EDTInnovation and optimization drive year-over-year Gross Profit Margin expansion
Second Quarter Continuing Operations *:
Net Sales declined 21.5% to $204.8M, or 19.6% on a constant currency basis Gross Profit declined 19.4% to $63.7M, Gross Profit Margin improved 80 bps to 31.1% Adjusted Gross Profit Margin improved 30 bps to 32.1% GAAP diluted EPS of $(0.03), Adjusted diluted EPS of $0.12 Net Loss1 declined 151.0% to $5.5M, Adjusted EBITDA declined 29.5% to $30.9M Adjusted EBITDA Margin declined to 15.1%Full Year Continuing Operations *:
Net Sales declined... More