Quarterly ResultMay 5, 2026, 05:02 PM
Ferroglobe Q1 Sales $347.7M, Adj. EBITDA $3.3M; Net Loss $(7.1)M
AI Summary
Ferroglobe PLC announced its first quarter 2026 financial results, reporting sales of $347.7 million, a 5.6% increase quarter-over-quarter. Adjusted EBITDA declined significantly to $3.3 million from $14.6 million in the prior quarter, primarily due to margin compression from higher logistics, raw material, and energy costs. However, the net loss attributable to the parent improved substantially to $(7.1) million from $(81.0) million. The company also highlighted strategic opportunities, including pursuing a restart of Venezuelan operations and leveraging its expertise in critical materials for new growth.
Key Highlights
- Ferroglobe reported Q1 2026 sales of $347.7 million, up 5.6% QoQ and 13.2% YoY.
- Adjusted EBITDA for Q1 was $3.3 million, a 77.1% decrease QoQ from $14.6 million.
- Net loss attributable to parent improved to $(7.1) million from $(81.0) million QoQ.
- Adjusted diluted EPS was $(0.07) for Q1 2026, compared to $(0.06) in the prior quarter.
- Ended Q1 with $96.4 million in total cash and $54.6 million in net debt.
- Paid a quarterly dividend of $0.015 per share; next dividend of $0.015 payable on June 29.
- Ferroalloy shipment volumes increased strongly in the EU and U.S. due to trade measures.
- Company is actively pursuing a potential restart of cost-competitive Venezuelan operations.
Price Impact
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