Ferroglobe PLC (GSM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

As a reminder, this conference call may be recorded. I would now like to turn the call over to Alex Sertonen, Ferroglobe's Vice President of Investor Relations. You may begin. Thanks, Nadia. Good morning, everyone, and thank you for joining Ferroglobe's first quarter 2025 conference call. Joining me today are Marco Levy, our Chief Executive Officer, and Beatriz Garcia-Cos, our Chief Financial Officer. Before we get started with some prepared remarks, I'm going to read a brief statement. Please turn to slide two at this time. Statements made by management during this conference call that are forward-looking are based on current expectations. Factors that could cause actual results to differ materially from these forward-looking statements can be found in Fairglobe's most recent SEC filings and exhibits to those filings, which are available on our website at fairglobe.com. In addition, this discussion includes references to EBITDA, adjusted EBITDA, adjusted gross debt, adjusted net debt, and adjusted diluted earnings per share, among other IFRS measures. Reconciliation of non-IFRS measures may be found in our most recent SEC filings. Before I turn the call over to Marco, our Chief Executive Officer, I want to announce that we'll be participating in the B. Reilly Securities Conference in California on May 21st and 22nd. We hope to see you there. Marco? Thank you, Alex, and thank you all for joining us today. We really appreciate your continued interest in Ferroblo. As we noted during our fourth quarter call, Market conditions have remained challenging, significantly impacting our first quarter results. We saw continued declines in realized prices and weak demand across key segments. In particular, silicon metal, our largest segment, experienced a 27% drop in volume. Add...