NASDAQ$GSM
Ferroglobe Plc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Ferroglobe reported a decrease in sales and adjusted EBITDA for the fourth quarter of 2024, but achieved strong free cash flow and initiated a capital return program.
Ferroglobe's Q4 2024 performance saw a decrease in sales and adjusted EBITDA compared to both the prior quarter and prior year. Despite this, the company generated strong free cash flow, repaid senior secured notes, and initiated a capital return program including dividends and share repurchases. The company remains optimistic about demand improvement in the second half of 2025 and anticipates benefits from ongoing trade measures.
- Adjusted EBITDA for Q4 2024 was $9.8 million, an 83.7% decrease from Q3 2024 and Q4 2023.
- Free cash flow for Q4 2024 was $14.1 million, a significant increase from -$10.0 million in Q3 2024 and $3.2 million in Q4 2023.
- Sales in Q4 2024 were $367.5 million, down 15.2% from Q3 2024 and 2.2% from Q4 2023.
- The company initiated a capital return program, including a quarterly dividend of $0.013 per share paid in December and a repurchase of approximately 482,000 shares.
Headline financials
Revenue & EPS history
Ferroglobe · Revenue · Quarterly
$368M
Revenue by segment
Ferroglobe · $276M total across 3 segments · Q3 2025
- Silicon Metal$99M—35.9%
- Silicon-Based Alloys$92.3M—33.5%
- Manganese-Based Alloys$84.4M—30.6%
Forward guidance
Ferroglobe is issuing adjusted EBITDA guidance for 2025 of $100 million to $170 million, reflecting uncertainties related to trade measures, market conditions, and geopolitical factors.
Tailwinds
- Demand is expected to begin improving in the second half of 2025.
- Trade measures in the U.S. and Europe are progressing well, which should reduce artificially low-priced competitive products.
- The company is positioned for growth due to strong free cash flow and balance sheet.
- The capital return program, including dividends and share repurchases, is expected to continue.
- The company's focus on fair trade measures is anticipated to stabilize the market.
Headwinds
- The guidance range for adjusted EBITDA is wide due to uncertainties.
- Market conditions remain uncertain.
- Geopolitical factors could impact performance.
- Lower average selling prices and higher energy costs have impacted profitability in the past.
- The company's performance is sensitive to raw material costs, including manganese ore.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.8%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+1.1%
Avg return
30 days after
60%
31 / 52 earnings
Positive
+31.3%
Q4 2018
Best reaction
-61.9%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -16.1% | -12.8% | -12.6% | |
| Q4 2025 | +4.4% | +2.1% | -22.4% | |
| Q3 2025 | -8.2% | -17.5% | +3.3% | |
| Q2 2025 | +9.5% | -2.7% | +5.9% | |
| Q1 2025 | +2.4% | +17.3% | +20.8% | |
| Q4 2024 | -5.0% | -6.0% | +0.0% | |
| Q3 2024 | +1.9% | -2.1% | +0.0% | |
| Q2 2024 | -1.0% | -4.9% | -11.5% | |
| Q1 2024 | +9.9% | +10.6% | -0.2% | |
| Q3 2023 | +3.8% | -2.2% | +34.9% | |
| Q2 2023 | +6.4% | +15.7% | +12.8% | |
| Q1 2023 | +3.4% | +11.4% | +21.3% | |
| Q4 2022 | +15.6% | +13.3% | +2.5% | |
| Q3 2022 | -19.3% | -22.0% | -38.4% | |
| Q2 2022 | +7.9% | +3.9% | +3.8% | |
| Q1 2022 | +13.9% | +23.7% | +27.4% | |
| Q4 2021 | +19.8% | +15.4% | +7.9% | |
| Q3 2021 | -7.1% | -11.6% | -16.6% | |
| Q2 2021 | +8.7% | +29.2% | +33.9% | |
| Q1 2021 | +6.2% | +4.6% | +27.3% | |
| Q4 2020 | -10.7% | -14.7% | +1.1% | |
| Q3 2020 | +22.3% | +48.4% | +68.8% | |
| Q2 2020 | -2.7% | -13.7% | +31.4% | |
| Q1 2020 | -6.0% | -15.7% | -38.6% | |
| Q4 2019 | -7.8% | -31.2% | -46.2% | |
| Q3 2019 | +8.5% | +21.9% | +46.9% | |
| Q2 2019 | -8.4% | -6.9% | -25.2% | |
| Q1 2019 | +4.1% | +10.8% | +20.9% | |
| Q4 2018 | +31.3% | +30.3% | -2.4% | |
| Q3 2018 | -61.9% | -53.2% | -65.3% | |
| Q2 2018 | -2.9% | +2.1% | +3.6% | |
| Q1 2018 | +7.7% | -5.8% | -16.9% | |
| Q4 2017 | +4.6% | +7.9% | -30.6% | |
| Q3 2017 | -2.3% | -1.2% | +0.1% | |
| Q2 2017 | -4.3% | +4.2% | -4.6% | |
| Q1 2017 | +8.7% | +16.8% | +14.0% | |
| Q4 2016 | +7.3% | +2.7% | -1.4% | |
| Q3 2016 | +1.6% | -0.3% | -0.3% | |
| Q2 2016 | -16.0% | -14.7% | -11.5% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q3 2015 | +10.4% | — | — | |
| Q2 2015 | -4.7% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +6.3% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +4.0% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | +2.6% | — | — | |
| Q3 2013 | -4.0% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | -6.1% | — | — |
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