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Monday, February 25, 2019

=Ferroglobe PLC (GSM) reported earnings on Mon 25 Feb 19 (a/h)

Ferroglobe PLC reports EPS in-line, beats on revs 
  • Reports Q4 (Dec) loss of $0.05 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of ($0.05); revenues rose 28.9% year/year to $603.5 mln vs the $486.22 mln S&P Capital IQ Consensus.
  • "Volumes were strong in Q4, compensating for some of the weakness we experienced at the end of Q3, while pricing in our main products weakened further as a result of challenging market conditions. Our cash generating initiatives in the second half of 2018 delivered a significantly improved balance sheet at the end of the year."

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