Silicon metal producer Ferroglobe Q3 sales miss estimates hurt by weak demand

Reuters
Nov 06
Silicon metal producer Ferroglobe Q3 sales miss estimates hurt by weak demand 

Overview

  • Ferroglobe Q3 sales fell 28.1% yr/yr, missing analyst expectations

  • Adjusted EPS for Q3 missed analyst expectations

  • Adjusted EBITDA for Q3 missed analyst expectations

Outlook

  • Ferroglobe expects 2026 market conditions to improve due to favorable trade measures

Result Drivers

  • WEAK DEMAND - Market conditions remained challenging with continued weak demand across end markets, further pressured by low-priced imports to the EU, according to CEO Dr. Marco Levi

  • COST OPTIMIZATION - Despite lower revenue, adjusted EBITDA margin improved due to higher average selling price, improved operational efficiency, and continued cost optimization efforts

  • TRADE MEASURES - Preliminary U.S. antidumping and countervailing duty case decision and expected EU trade measures are seen as positive for future market conditions, per CEO Dr. Marco Levi

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

$311.70 mln

$393.80 mln (2 Analysts)

Q3 Adjusted EPS

Miss

-$0.02

$0.02 (1 Analyst)

Q3 Adjusted EBITDA

Miss

$18.30 mln

$32.60 mln (2 Analysts)

Q3 Adjusted EBITDA Margin

11.70%

Q3 Operating Free Cash Flow

$20.80 mln

Press Release: ID:nGNXb5B0xB

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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