Ferroglobe reported positive Q2 results with signs of price stabilization and volume improvement, narrowing EBITDA outlook for FY24. Despite the slight beat in figures, management expects a weak Q4, partly due to steel production weakness in Europe. Valuation remains weak but potential 40-60% upside if silicon and FeSi prices have stabilized, with conservative 5-year buyback approved for up to 20% of shares.
Ferroglobe PLC (NASDAQ:GSM ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Alex Rotonen - VP of IR Marco Levi - CEO Beatriz Garcia-Cos - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Martin Englert - Seaport Research Partners Operator Good morning, good afternoon.
Globe Specialty Metals (GSM) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.30 per share a year ago.
Ferroglobe PLC (NASDAQ:GSM ) Q1 2024 Results Conference Call May 15, 2024 8:30 AM ET Company Participants Alex Rotonen - Vice President of Investor Relations Marco Levi - Chief Executive Officer Beatriz García-Cos - Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Lucas Pipes - B. Riley Securities John Rolfe - Crest Rock Capital Alex Rotonen Good morning, everyone, and thank you for joining Ferroglobe's First Quarter 2024 Earnings Conference Call.