Business
Ferroglobe Reports First Quarter 2025 Financial Results
Maintaining 2025 Adj. EBITDA guidance of $100-$170 million First Quarter Highlights Reported adjusted EBITDA of $(26.8) millionGenerated $5.1 million of free
About this update from Ferroglobe Plc
[{"type":"text","content":"Maintaining 2025 Adj. EBITDA guidance of $100-$170 million\nFirst Quarter Highlights Reported adjusted EBITDA of $(26.8) millionGenerated $5.1 million of free cash flowFavorable final decision in the U.S. ferrosilicon case with preliminary EU safeguard decision expected by JuneNew trade case filed by U.S. silicon metal producers on April 24Increased quarterly cash dividend to $0.014 per share in March, up 8% over the prior quarterRepurchased 720,008 shares during the first quarter LONDON, May 07, 2025 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading global producer of silicon metal, silicon-based and manganese-based specialty alloys, today announced financial results for the first quarter of 2025. Financial Highlights % % ($ in millions, except EPS) Q1 2025 Q4 2024 Q/Q Q1 2024 Y/Y Sales $307.2 $367.5 (16.4)% $391.9 (21.6)% Net (loss) income attributable to the parent $(66.5) $(28.1) (136.3)% $(2.0) (3184.7)% Adj. EBITDA $(26.8) $9.8 (372.2)% $25.8 (203.9)% Adjusted diluted EPS $(0.20) $0.03 (849.2)% $(0.00) (4872.9)% Operating cash flow $19.4 $32.1 (39.6)% $198.0 (90.2)% Capital expenditures1 $14.3 $17.9 (20.3)% $18.2 (21.5)% Free cash flow2 $5.1 $14.1 64.2% $179.8 (97.2)% (1) Cash outflows for capital expenditures (2) Free cash flow is calculated as operating cash flow less capital expenditures Dr. Marco Levi, Ferroglobe’s Chief Executive Officer, commented, “Our first quarter adjusted EBITDA was negative, in line with our budget, reflecting the uncertain market environment. We anticipate significant improvement from the second quarter forward. Despite the soft quarter, Ferroglobe again generated positive free cash flow. We used this cash to pay increased dividends and repurchase shares, while maintaining a strong balance sheet with no net debt. “One of the reasons for our optimistic outlook for the coming quarters is driven by our belief that we are at or near the market trough. This, combined with supportive trade actions in the U.S., including various trade measures, such as the final ferrosilicon determination, a newly filed petition by the U.S. silicon metal producers against unfair competition by imports, positions us well there. In the EU, expected safeguard measures covering all our main products should begin to benefit us in the second half. We expect improving ...