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Ferroglobe PLC (GSM)
NASDAQ:GSM
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.01Last Year’s EPS
$0.09Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -17.01%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements such as increased adjusted EBITDA and favorable U.S. trade actions, alongside challenges like soft demand and declines in certain segments. Strategic expansions and ESG commitments reflect positive long-term outlooks, yet immediate concerns around pricing pressures and demand remain.Company Guidance
During Ferroglobe's Q3 2024 earnings call, the company provided guidance reaffirming its 2024 EBITDA forecast between $150 million and $170 million, despite a challenging market environment. The company reported an adjusted EBITDA of $60 million for the third quarter, an improvement from $58 million the prior quarter, driven by higher realized pricing and lower energy costs. Ferroglobe expects the U.S. ferrosilicon market to improve in early 2025 due to anti-dumping and countervailing duties imposed on imports from Russia, Brazil, Kazakhstan, and Malaysia. Additionally, the company anticipates a release of approximately $15 million in working capital in Q4 2024, contributing to cash flow improvements. Revenue for the third quarter was slightly lower at $434 million, with a decline in silicon metal revenue by 5% to $196 million. Despite these challenges, the company continues to pursue long-term growth through its U.S. silicon metal capacity expansion plans, which are expected to come online by 2028, with a projected cost of around $200 million.Increase in Adjusted EBITDA
Adjusted EBITDA rose to $60 million in Q3, up from $58 million in the prior quarter, driven by higher realized pricing and improved spreads in manganese alloys.
Favorable U.S. Trade Actions
U.S. Department of Commerce imposed significant duties on ferrosilicon imports, with 283% and 748% on Russian imports and preliminary duties on Brazil, Kazakhstan, and Malaysia, expected to benefit local producers like Ferroglobe.
Expansion Plans in the U.S.
Ferroglobe is moving forward with plans to expand silicon metal capacity in the U.S., targeting increased demand from solar and batteries.
Commitment to ESG Goals
The company plans to reduce combined scope 1 and 2 carbon emissions by at least 26% by 2030 and is shifting to clean, cost-effective biocarbon at its Sabon silicon plant.
New Contract in the Middle East
Secured a contract to supply silicon metal for a renewable energy initiative in the Middle East, enhancing its solar supply chain presence.
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GSM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GSM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $4.66 | $4.32 | -7.30% |
| Aug 05, 2024 | $4.66 | $4.77 | +2.36% |
| May 14, 2024 | $5.53 | $5.94 | +7.41% |
| Feb 21, 2024 | $5.15 | $4.82 | -6.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ferroglobe PLC (GSM) report earnings?
Ferroglobe PLC (GSM) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Ferroglobe PLC (GSM) earnings time?
Ferroglobe PLC (GSM) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GSM EPS forecast?
GSM EPS forecast for the fiscal quarter 2024 (Q4) is -$0.01.
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