Increase in Revenue and Volume
Sales increased by 26% in the second quarter to $387 million, driven by a 27% increase in volume across all product categories.
Positive Adjusted EBITDA
Adjusted EBITDA rebounded to a positive $22 million in the second quarter from a loss in the first quarter.
Record Ferrosilicon Sales in the U.S.
The second quarter recorded the highest volume of ferrosilicon sales in the past 8 quarters, supported by U.S. trade actions.
Operational Flexibility and Strategic Moves
Switched two silicon metal furnaces to ferrosilicon due to better economics, increasing production by approximately 35,000-40,000 tons annually.
Strong Manganese Segment Performance
Manganese segment was the strongest, with volume increasing 31% over the first quarter, marking the highest shipment volume in 3 years.
Joining Russell 2000 and 3000 Indexes
Ferroglobe joined the Russell 2000 and 3000 indexes, increasing visibility among institutional investors and improving trading liquidity.