Revenue and Volume Growth
Sales increased 26% in the second quarter to $387 million, with a 27% increase in volumes across all product categories.
Adjusted EBITDA Improvement
Adjusted EBITDA rebounded to a positive $22 million from a loss in the first quarter, with a margin of 6%.
Shareholder Returns
600,000 shares were purchased for $2 million and $2.6 million were paid in dividends in the second quarter.
Manganese Segment Performance
Manganese-based alloys posted a 43% revenue increase and adjusted EBITDA improved to a $17 million profit.
Joining Russell Indexes
Ferroglobe joined the Russell 2000 and 3000 indexes, increasing visibility among institutional investors.