Ferroglobe PLC ( (GSM) ) has released its Q1 earnings. Here is a breakdown of the information Ferroglobe PLC presented to its investors.
Ferroglobe PLC is a leading global producer of silicon metal, silicon- and manganese-based specialty alloys, serving various dynamic markets such as solar, electronics, automotive, and energy. The company is headquartered in London.
In its first quarter of 2025 earnings report, Ferroglobe PLC announced a challenging financial performance with a reported adjusted EBITDA of $(26.8) million. Despite the negative adjusted EBITDA, the company generated $5.1 million of free cash flow and increased its quarterly cash dividend by 8%.
The company’s sales for the first quarter were $307.2 million, marking a 16.4% decrease from the previous quarter and a 21.6% decline year-over-year. The decline was attributed to lower sales volumes and pricing across its product portfolio, particularly in silicon metal and manganese-based alloys. However, silicon-based alloys saw a slight increase in revenue due to higher demand in the US.
Ferroglobe’s management remains optimistic about the future, anticipating improvements from the second quarter onward. The company expects supportive trade actions in the US and EU to benefit its operations, alongside a belief that the market is at or near its trough. This outlook suggests potential for increased revenues and market share recovery in the coming quarters.