$Ferroglobe (GSM.US)$ Ferroglobe Reports Strong Second Quarter 2024 Financial Results Positive ▪️Sales increased 15% to $451 million in Q2 2024 ▪️Adjusted EBITDA more than doubled to $57.7 million ▪️Net income of $34.9 million, up from a loss in Q1 ▪️Net cash positive position of $64 million ▪️Narrowed annual Adj. EBITDA guidance to $150-170 million ▪️U.S. Department of Commerce imposed preliminary duties on Russian FeSi imports ▪️French operations restarted, driving silicon metal volume grow...
Ferroglobe's CEO Marco Levi is confident in Larsen's ability to excel in his new role, citing his successful track record of implementing sales and marketing strategies across businesses similar to Ferroglobe's product portfolio.
Despite the recent drop in share price, long-term investors have seen a return of 12% each year over five years. The recent sell-off could be an opportunity, pending signs of a long-term growth trend in the fundamental data.
The improvement in Ferroglobe's ROCE and the substantial returns to shareholders suggest promising fundamentals for the company. Further due diligence might be required to evaluate the company's future prospects.
Ferroglobe Stock Forum
Ferroglobe Reports Strong Second Quarter 2024 Financial Results
Positive
▪️Sales increased 15% to $451 million in Q2 2024
▪️Adjusted EBITDA more than doubled to $57.7 million
▪️Net income of $34.9 million, up from a loss in Q1
▪️Net cash positive position of $64 million
▪️Narrowed annual Adj. EBITDA guidance to $150-170 million
▪️U.S. Department of Commerce imposed preliminary duties on Russian FeSi imports
▪️French operations restarted, driving silicon metal volume grow...
$SilverSun Technologies (SSNT.US)$
4TH TROOPS BE READY ATTACKING TOMORROW 👌🤗👍
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