UK's Ferroglobe Q2 sales rise sequentially as adjusted EBITDA improves
GSM•What drove the result
- Silicon metal volumes - Higher shipments in EMEA and the U.S. drove sequential sales growth, per the company
- Energy contract adjustment - A $59.9 mln positive fair value adjustment on long-term energy contracts contributed to net profit
- Cost efficiency - Improved operating performance and cost efficiency initiatives supported adjusted EBITDA growth, per CFO Beatriz García-Cos
Guidance and key figures
- Company did not provide specific financial guidance for the current quarter or full year
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Sales | $378.6 mln | $374.8 mln (2 Analysts) |
| Q2 Adjusted EPS | $0 | -$0.07 (2 Analysts) |
| Q2 Adjusted EBITDA | $13.1 mln | $4.10 mln (2 Analysts) |
| Q2 Adjusted EBITDA Margin | -2.50% | |
| Q2 Operating Free Cash Flow | $37 mln |
