Ferro Corp. (FOE) Tops Q3 EPS by 4c

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Go back to Ferro Corp. (FOE) Tops Q3 EPS by 4c

Ferro Shows Resilience With Stronger Results Than Anticipated, Reports Third Quarter 2020 Performance and Provides Full Year 2020 Guidance

November 4, 2020 4:34 PM EST

Improving demand driven by leadership positions in megatrend end markets.

Third Quarter Continuing Operations *:

Net Sales declined 1.4% to $241.9M Net Sales declined 2.1% on a constant currency basis Gross Profit declined 7.8% to $70.2M, Gross Profit Margin of 29.0% Adjusted Gross Profit declined 7.4% to $72.2M, Adjusted Gross Profit Margin of 29.8% GAAP diluted EPS of $0.11, Adjusted diluted EPS of $0.19 Net Income1 improved 12.9% to $14.5M, Adjusted EBITDA declined 14.0% to $36.9M Adjusted EBITDA Margin of 15.2%

Full Year Continuing Operations *:

Net Sales... More