Ferroglobe Q3 2026 adjusted EBITDA turns negative at $2.36 million versus prior quarter
GSM•Ferroglobe reported third-quarter 2026 adjusted EBITDA of negative $2.36 million, with higher energy costs in Spain cited for the quarter-over-quarter swing. It plans to close five plants and reduce overhead by 20%, targeting an $85 million–$115 million adjusted EBITDA improvement at full run rate.
1. Consolidation plans
Ferroglobe plans to close five plants and shift production to more competitive facilities, targeting approximately 80% capacity utilization. The plant consolidation and a planned 20% overhead reduction target an $85 million–$115 million adjusted EBITDA improvement at full run rate.
