Ferroglobe reports Q4 adjusted EPS 3, consensus 0c

Reports Q4 revenue $367.51M, consensus $377.6M. Marco Levi, Ferroglobe’s (GSM) CEO, commented, “2024 was a successful year for Ferroglobe with many accomplishments. We achieved an adjusted EBITDA per our guidance and generated strong free cash flow, which was used to repay our senior secured notes. This strong free cash flow and balance sheet enabled us to initiate the capital return program, including dividends and share repurchases, while positioning the company for growth. We are optimistic that, while there are uncertainties in the markets, demand will begin improving in the second half of 2025.”