GSM), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=GSM, following the Company's posting of its second quarter fiscal 2017 financial results on August 29, 2017. One of the world's largest producers of silicon metal and silicon- and manganese-based alloys reported results that exceeded expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GSM. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=GSM

Earnings Reviewed

For the quarter ended June 30, 2017, Ferroglobe's net sales totaled $425.81 million in Q2 2017 compared to $397.95 million in Q2 2016. The Company's net sales numbers fell short of analysts' estimates of $431 million.

During Q2 2017, Ferroglobe reported a net profit of $1.0 million, or $0.02 per share, on a fully diluted basis, up from a net loss of $49.32 million, or a $0.25 loss per share, on a fully diluted basis in Q2 216. The Company's adjusted net profit attributable to the parent was $0.05 per share on a fully diluted basis compared to a net loss attributable to the parent of $0.01 per share on a fully diluted basis. Ferroglobe's earnings beat Wall Street's expectations of $431 million.

For Q2 2017, Ferroglobe reported EBITDA of $36.81 million compared to negative EBITDA of $46.64 million in Q2 2016. On an adjusted basis, the Company's EBITDA was $43.87 million, up from the year-ago same period adjusted EBITDA of $17.18 million. Ferroglobe reported adjusted EBITDA margins of 10.3% for Q2 2017 compared to adjusted EBITDA margins of 7.8% for Q1 2017.

Sales Details

Ferroglobe reported stabilization of demand and volumes across its key products. In terms of sales volumes, silicon metal experienced a 9.4% increase on a q-o-q basis, silicon-based alloys experienced a 5.9% decrease from the previous quarter and manganese-based alloys experienced a 1.1% increase from Q1 2017.

During Q2 2017, Ferroglobe's average selling price for silicon metal increased by 6.3% from $2,080/Metric Ton(MT) in Q1 2017 to $2,210/MT, a significant improvement was driven by the reduced inflow of low-priced imports particularly in North America. The Company's average selling price for silicon-based alloys increased 7.7% to $1,586/MT in the reported quarter from $1,473/MT in the prior quarter, higher than at any point in Ferroglobe's records.

For Q2 2017, Ferroglobe's average selling price for manganese-based alloys remained broadly flat at $1,308/MT in Q2 2017 compared to $1,298/MT in Q1 2017 as a result of pricing pressures, offset by lower manganese ore costs from inventory.

Cash Matters

During Q2 2017, Ferroglobe's working capital increased by $35.4 million, primarily a result of the recovery cycle. On a year-to-date basis, the Company has increased total working capital by $20.3 million. During Q2 2017, Ferroglobe generated operating cash flow of $20.1 million and free cash flow of $5.8 million.

Ferroglobe's net debt was $435 million at the end of Q2 2017, up by $28 million compared to $407 million at the end of Q1 2017. To further strengthen liquidity, on July 31, 2017 Ferroglobe entered into a $250 million accounts receivable securitization to obtain financing in connection with its receivables generated in the US, Canada, Spain, and France under one program.

Stock Performance

On Monday, September 18, 2017, the stock closed the trading session at $13.07, marginally down 0.15% from its previous closing price of $13.09. A total volume of 649.58 thousand shares have exchanged hands. Ferroglobe's stock price skyrocketed 23.53% in the last three months, 20.46% in the past six months, and 69.08% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 20.68%. The stock has a dividend yield of 2.45%. At Monday's closing price, the stock's net capitalization stands at $2.24 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475790

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MarketersMEDIA / Newsroom / Earnings Review and Free Research Report: Ferroglobe’s Net Sales Gained 7%; Reported First Net Profit since Merger

Earnings Review and Free Research Report: Ferroglobe’s Net Sales Gained 7%; Reported First Net Profit since Merger

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LONDON, UK / ACCESSWIRE / September 19, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Ferroglobe PLC (NASDAQ: GSM), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=GSM, following the Company's posting of its second quarter fiscal 2017 financial results on August 29, 2017. One of the world's largest producers of silicon metal and silicon- and manganese-based alloys reported results that exceeded expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GSM. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=GSM

Earnings Reviewed

For the quarter ended June 30, 2017, Ferroglobe's net sales totaled $425.81 million in Q2 2017 compared to $397.95 million in Q2 2016. The Company's net sales numbers fell short of analysts' estimates of $431 million.

During Q2 2017, Ferroglobe reported a net profit of $1.0 million, or $0.02 per share, on a fully diluted basis, up from a net loss of $49.32 million, or a $0.25 loss per share, on a fully diluted basis in Q2 216. The Company's adjusted net profit attributable to the parent was $0.05 per share on a fully diluted basis compared to a net loss attributable to the parent of $0.01 per share on a fully diluted basis. Ferroglobe's earnings beat Wall Street's expectations of $431 million.

For Q2 2017, Ferroglobe reported EBITDA of $36.81 million compared to negative EBITDA of $46.64 million in Q2 2016. On an adjusted basis, the Company's EBITDA was $43.87 million, up from the year-ago same period adjusted EBITDA of $17.18 million. Ferroglobe reported adjusted EBITDA margins of 10.3% for Q2 2017 compared to adjusted EBITDA margins of 7.8% for Q1 2017.

Sales Details

Ferroglobe reported stabilization of demand and volumes across its key products. In terms of sales volumes, silicon metal experienced a 9.4% increase on a q-o-q basis, silicon-based alloys experienced a 5.9% decrease from the previous quarter and manganese-based alloys experienced a 1.1% increase from Q1 2017.

During Q2 2017, Ferroglobe's average selling price for silicon metal increased by 6.3% from $2,080/Metric Ton(MT) in Q1 2017 to $2,210/MT, a significant improvement was driven by the reduced inflow of low-priced imports particularly in North America. The Company's average selling price for silicon-based alloys increased 7.7% to $1,586/MT in the reported quarter from $1,473/MT in the prior quarter, higher than at any point in Ferroglobe's records.

For Q2 2017, Ferroglobe's average selling price for manganese-based alloys remained broadly flat at $1,308/MT in Q2 2017 compared to $1,298/MT in Q1 2017 as a result of pricing pressures, offset by lower manganese ore costs from inventory.

Cash Matters

During Q2 2017, Ferroglobe's working capital increased by $35.4 million, primarily a result of the recovery cycle. On a year-to-date basis, the Company has increased total working capital by $20.3 million. During Q2 2017, Ferroglobe generated operating cash flow of $20.1 million and free cash flow of $5.8 million.

Ferroglobe's net debt was $435 million at the end of Q2 2017, up by $28 million compared to $407 million at the end of Q1 2017. To further strengthen liquidity, on July 31, 2017 Ferroglobe entered into a $250 million accounts receivable securitization to obtain financing in connection with its receivables generated in the US, Canada, Spain, and France under one program.

Stock Performance

On Monday, September 18, 2017, the stock closed the trading session at $13.07, marginally down 0.15% from its previous closing price of $13.09. A total volume of 649.58 thousand shares have exchanged hands. Ferroglobe's stock price skyrocketed 23.53% in the last three months, 20.46% in the past six months, and 69.08% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 20.68%. The stock has a dividend yield of 2.45%. At Monday's closing price, the stock's net capitalization stands at $2.24 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475790

LONDON, UK / ACCESSWIRE / September 19, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Ferroglobe PLC (NASDAQ: GSM), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=GSM, following the Company's posting of its second quarter fiscal 2017 financial results on August 29, 2017. One of the world's largest producers of silicon metal and silicon- and manganese-based alloys reported results that exceeded expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GSM. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=GSM

Earnings Reviewed

For the quarter ended June 30, 2017, Ferroglobe's net sales totaled $425.81 million in Q2 2017 compared to $397.95 million in Q2 2016. The Company's net sales numbers fell short of analysts' estimates of $431 million.

During Q2 2017, Ferroglobe reported a net profit of $1.0 million, or $0.02 per share, on a fully diluted basis, up from a net loss of $49.32 million, or a $0.25 loss per share, on a fully diluted basis in Q2 216. The Company's adjusted net profit attributable to the parent was $0.05 per share on a fully diluted basis compared to a net loss attributable to the parent of $0.01 per share on a fully diluted basis. Ferroglobe's earnings beat Wall Street's expectations of $431 million.

For Q2 2017, Ferroglobe reported EBITDA of $36.81 million compared to negative EBITDA of $46.64 million in Q2 2016. On an adjusted basis, the Company's EBITDA was $43.87 million, up from the year-ago same period adjusted EBITDA of $17.18 million. Ferroglobe reported adjusted EBITDA margins of 10.3% for Q2 2017 compared to adjusted EBITDA margins of 7.8% for Q1 2017.

Sales Details

Ferroglobe reported stabilization of demand and volumes across its key products. In terms of sales volumes, silicon metal experienced a 9.4% increase on a q-o-q basis, silicon-based alloys experienced a 5.9% decrease from the previous quarter and manganese-based alloys experienced a 1.1% increase from Q1 2017.

During Q2 2017, Ferroglobe's average selling price for silicon metal increased by 6.3% from $2,080/Metric Ton(MT) in Q1 2017 to $2,210/MT, a significant improvement was driven by the reduced inflow of low-priced imports particularly in North America. The Company's average selling price for silicon-based alloys increased 7.7% to $1,586/MT in the reported quarter from $1,473/MT in the prior quarter, higher than at any point in Ferroglobe's records.

For Q2 2017, Ferroglobe's average selling price for manganese-based alloys remained broadly flat at $1,308/MT in Q2 2017 compared to $1,298/MT in Q1 2017 as a result of pricing pressures, offset by lower manganese ore costs from inventory.

Cash Matters

During Q2 2017, Ferroglobe's working capital increased by $35.4 million, primarily a result of the recovery cycle. On a year-to-date basis, the Company has increased total working capital by $20.3 million. During Q2 2017, Ferroglobe generated operating cash flow of $20.1 million and free cash flow of $5.8 million.

Ferroglobe's net debt was $435 million at the end of Q2 2017, up by $28 million compared to $407 million at the end of Q1 2017. To further strengthen liquidity, on July 31, 2017 Ferroglobe entered into a $250 million accounts receivable securitization to obtain financing in connection with its receivables generated in the US, Canada, Spain, and France under one program.

Stock Performance

On Monday, September 18, 2017, the stock closed the trading session at $13.07, marginally down 0.15% from its previous closing price of $13.09. A total volume of 649.58 thousand shares have exchanged hands. Ferroglobe's stock price skyrocketed 23.53% in the last three months, 20.46% in the past six months, and 69.08% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 20.68%. The stock has a dividend yield of 2.45%. At Monday's closing price, the stock's net capitalization stands at $2.24 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475790

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-ferroglobes-net-sales-gained-7-reported-first-net-profit-since-merger/240870

Source: AccessWire

Release ID: 240870

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