Ferroglobe: Slight Beat On Q2 Results And Commences 20% Buyback Program

Just_Super/iStock via Getty Images Introduction For readers new to Ferroglobe (NASDAQ:GSM), please read my previous article from January this year, which will provide some background to the business. Ferroglobe reported Q2 results last week, results were positive with signs of price stabilisation and better volume. Management expect price / volume to be stable going into 2025. Management also narrowed EBITDA outlook to $150-170m for FY24. Q2 Actual Estimate Beat / Miss Sales$451m $426m +6$58m $45m ...