Ferroglobe Q2 Sales Beat, Adjusted EBITDA Surges to $13.1M
GSM sits 19% above its 52-week low of $3.08 on elevated volume (2.2× avg).
Summary
Ferroglobe's Q2 sales rose 8.9% sequentially to $378.6M, beating the $374.8M consensus. Adjusted EBITDA jumped to $13.1M from $3.3M in Q1, well above the $4.1M estimate, and adjusted EPS broke even versus an expected $0.07 loss. A $59.9M fair value gain on energy contracts boosted net profit, while operating free cash flow reached $37M. This follows a fiscal 2025 net loss of $170.7M reported in May, making the sharp sequential improvement a potential inflection point. No guidance was provided, leaving the sustainability of these gains uncertain.
At the time of this announcement, GSM was trading at $3.65 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $639.1M. The 52-week trading range was $3.08 to $5.74. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.