Ferroglobe PLC ( (GSM) ) has released its Q4 earnings. Here is a breakdown of the information Ferroglobe PLC presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Ferroglobe PLC is a leading global producer of silicon metal and silicon- and manganese-based specialty alloys, serving a diverse range of industries including solar, electronics, and automotive sectors. Based in London, the company operates on a global scale, supplying essential materials to dynamic and fast-growing markets.
Ferroglobe PLC has reported its financial results for the fourth quarter and full year of 2024, highlighting some significant accomplishments despite a challenging market environment. The company achieved an adjusted EBITDA of $153.8 million for the year and generated a robust free cash flow, which enabled debt repayments and supported a capital return program through dividends and share repurchases.
The company’s financial performance showed a mixed picture with full-year sales slightly declining by 0.4% to $1,644 million. Silicon-based alloys revenue saw a decrease, while manganese-based alloys revenue increased significantly. Adjusted EBITDA margins faced pressure due to lower sales prices and increased energy costs, leading to a 51.2% reduction in annual adjusted EBITDA compared to the previous year.
Despite these challenges, Ferroglobe made progress in implementing trade measures in the U.S. and Europe, which are expected to benefit the company by stabilizing the market. The company reported a decrease in net income for the year, primarily due to impairment charges. However, operating cash flow was strong, with significant improvements in working capital management.
Looking ahead, Ferroglobe remains cautiously optimistic about market conditions and has issued an adjusted EBITDA guidance for 2025 ranging from $100 million to $170 million, reflecting uncertainties in trade measures and geopolitical factors. Management remains focused on positioning the company for growth and taking advantage of favorable trade developments.
