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