Ferroglobe PLC (GSM) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.419 Good morning, ladies and gentlemen. Welcome to Ferraglobe's first quarter 2026 00:00:05.419 -- 00:00:10.927 earnings call. At this time, all participants are in a listen-only 00:00:10.927 -- 00:00:16.455 mode. Later, we will conduct a question and answer session and instructions 00:00:16.455 -- 00:00:22.183 will be given at that time. As a reminder, this conference call may be recorded. 00:00:22.183 -- 00:00:27.691 I would now like to turn the call over to Alex Wattenen, Ferraglobe's Vice 00:00:27.691 -- 00:00:32.456 President of Investor Relations, You may begin. 00:00:34.701 -- 00:00:39.827 Good morning, everyone, and thank you for joining FerroGlobe's first quarter 2026 00:00:39.827 -- 00:00:45.714 conference call. Joining me today are Marco Levy, our chief executive officer, 00:00:45.714 -- 00:00:47.737 and Beatriz Garcia-Cost, 00:00:47.737 -- 00:00:50.160 our chief financial officer. 00:00:50.160 -- 00:00:55.086 Before we get started with prepared remarks, I'm going to read a brief statement. 00:00:55.086 -- 00:00:59.069 Please turn to slide two at this time. 00:00:59.347 -- 00:01:03.470 Statements made by management during this conference call that are forward-looking are 00:01:03.470 -- 00:01:06.153 based on current expectations. 00:01:06.153 -- 00:01:10.937 Factors that could cause actual results to differ materially from these forward-looking 00:01:10.937 -- 00:01:16.241 statements can be found in Ferroglobe's most recent SEC filings and the exhibits 00:01:16.241 -- 00:01:20.823 to those filings, which are available at ferroglobe.com. 00:01:21.786 -- 00:01:26.370 In addition, this discussion includes references to EBITDA, 00:01:26.370 -- 00:01:31.410 adjusted EBITDA, adjusted gross debt, adjusted net debt, and 00:01:31.410...