Overview

* Ferroglobe ( GSM ) Q3 sales fell 28.1% yr/yr, missing analyst expectations

* Adjusted EPS for Q3 missed analyst expectations

* Adjusted EBITDA for Q3 missed analyst expectations

Outlook

* Ferroglobe ( GSM ) expects 2026 market conditions to improve due to favorable trade measures

Result Drivers

* WEAK DEMAND - Market conditions remained challenging with continued weak demand across end markets, further pressured by low-priced imports to the EU, according to CEO Dr. Marco Levi

* COST OPTIMIZATION - Despite lower revenue, adjusted EBITDA margin improved due to higher average selling price, improved operational efficiency, and continued cost optimization efforts

* TRADE MEASURES - Preliminary U.S. antidumping and countervailing duty case decision and expected EU trade measures are seen as positive for future market conditions, per CEO Dr. Marco Levi

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $311.70 $393.80

mln mln (2

Analysts

)

Q3 Miss -$0.02 $0.02 (1

Adjusted Analyst)

EPS

Q3 Miss $18.30 $32.60

Adjusted mln mln (2

EBITDA Analysts

)

Q3 11.70%

Adjusted

EBITDA

Margin

Q3 $20.80

Operatin mln

g Free

Cash

Flow

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)