Ferroglobe PLC (GSM) Form 6-K — Nov 3, 2026
Ferroglobe reported Q3 2026 sales of $369.8 million, up 18.6% year over year, but adjusted EBITDA turned negative at $(2.4) million as substantially higher energy prices in Spain hit results by nearly $19 million. IFRS net profit was $57.9 million ($0.31 diluted EPS), largely due to a $76.8 million fair value gain on long-term energy contracts, while adjusted diluted EPS was $(0.06). The company announced decisive restructuring actions: closing five plants, shifting production to its most competitive sites to reach ~80% capacity utilization, and cutting overhead 20%, targeting an adjusted EBITDA improvement of $85-115 million at full run rate.
Key figures
- Eps
- 0.31
- Revenue
- 369800000
- Guidance
- Restructuring targeting adjusted EBITDA improvement of $100 million +/- 15% ($85-115M) at full run rate via plant closures and 20% overhead reduction
- Net Income
- 57900000
- Total Debt
- 135300000
- Revenue Yoy
- 18.6%
- Cash Position
- 93300000
- Net Debt
- 42100000
- Free Cash Flow
- 5600000
- Operating Cash Flow
- 25900000
- Energy Impact On EBITDA
- ~$19 million
- Pp Fair Value Adjustment
- 76800000
- Quarterly Dividend Per Share
- 0.015
- Target Capacity Utilization
- ~80%
AI analysis
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