2024-02-22 18:29:32 ET
Summary
- Ferroglobe PLC reported Q4 earnings that were nearly double expectations, but the 2024 guidance was considerably weaker.
- Adjusted EBITDA for Q4 was $60 million, beating consensus expectations of $37.5 million.
- The company's 2024 guidance of $100-170 million seems too conservative and does not align with improving market conditions.
Ferroglobe Q4 Update:
Ferroglobe PLC ( GSM ) reported Q4 earnings and gave guidance for 2024. Q4 was nearly double expectations, but the 2024 guidance was considerably weaker if the bottom end of the range is even remotely possible....
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Ferroglobe: Cheap, But Probably Should Be Due To Management