Ferroglobe (GSM) Reports Q2 Loss of $0.07/sh

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Go back to Ferroglobe (GSM) Reports Q2 Loss of $0.07/sh

Ferroglobe Reports Results for the Second Quarter of 2020

August 31, 2020 5:00 PM EDT

Sales of $250.0 million; Net loss of $(14.0) million; Adjusted EBITDA of $22.4 million

Q2 sales of $250.0 million compared to $311.2 million in Q1 2020, and $409.5 million in Q2 2019Q2 net loss of $(14.0) million compared to $(49.1) million in Q1 2020, and $(43.7) million in Q2 2019Adjusted EBITDA of $22.4 million compared to $(17.6) million in Q1 2020 and $5.0 million in Q2 2019Gross debt of $451 million at the end of Q2 2020, compared to $443 million at the end of Q1 2020Cash generation of $8.7 million driven by positive operating cash flow of $38.1 millionContinued improvement in working capital during... More