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Ferroglobe ( (GSM) ) has issued an announcement.
Ferroglobe reported its financial results for the fourth quarter and full year of 2024, highlighting an adjusted EBITDA of $153.8 million for the year and $9.8 million for the quarter. The company generated $164.1 million in free cash flow for the year, which was utilized for debt repayment and shareholder returns. Despite a decline in sales revenue, Ferroglobe’s operational strategies, including trade measures in the U.S. and Europe, are expected to stabilize market conditions and favorably impact the company’s position. The introduction of anti-dumping duties on Russian imports and ongoing investigations into imports from other countries are significant developments poised to benefit Ferroglobe by reducing low-priced competition.
More about Ferroglobe
Ferroglobe PLC is a prominent global manufacturer specializing in silicon metal, silicon-based, and manganese-based specialty alloys. The company operates predominantly within the industrial and manufacturing sectors, focusing on delivering these critical materials for varied applications across multiple markets.
YTD Price Performance: -2.04%
Average Trading Volume: 868,915
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $723.4M
For a thorough assessment of GSM stock, go to TipRanks’ Stock Analysis page.
