Ferroglobe Reports Solid Fourth Quarter and Full Year 2023 Financial Results
Ferroglobe PLC - Ordinary Shares (GSM)
Last ferroglobe plc - ordinary shares earnings: 3/2 05:20 pm
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US:NASDAQ Investor Relations:
investor.ferroglobe.com
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Source: GlobeNewswire
LONDON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announced financial results for the fourth quarter and full year 2023. Introducing 2024 adjusted EBITDA guidance of $100 million to $170 million FINANCIAL HIGHLIGHTS 2023 revenue of $1.7 billion, down 36% Y/Y2023 adjusted EBITDA of $315 million, down 63% Y/YQ4 adjusted EBITDA declined to $60 million, down 42% from Q3 and down 54% from Q4-22Q4 adjusted EBITDA margins were at 16% versus 25% in the prior quarter and 29% in Q4-22Q4 adjusted EPS was $0.09 versus $0.27 in Q3 and $0.39 in Q4-22Net debt increased to $101 million, up from $71 million in Q3 and down from $127 million in Q4-22Total cash decreased to $138 million, down from $166 million in Q3 and $323 million in Q4-22 BUSINESS HIGHLIGHTS Posted solid financ
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GSM
Earnings
- 2/21/24 - Beat
GSM
Sec Filings
- 3/28/24 - Form 6-K
- 3/13/24 - Form 6-K
- 3/11/24 - Form 6-K
- GSM's page on the SEC website