Earnings ·
Ferroglobe reports Q3 sales of $369.8M and announces plan to close five plants
GSMFerroglobe PLC
Ferroglobe PLC reported third-quarter 2026 total sales of $369.8 million, an 18.6% increase year-over-year but a 2.3% decrease sequentially. Adjusted EBITDA turned negative at $(2.4) million due to substantially higher energy prices and challenging market conditions in Europe. The company generated positive operating cash flow of $25.9 million and free cash flow of $5.6 million, supported by a reduction in working capital. Ferroglobe announced decisive actions to improve profitability, including closing five plants and reducing overhead costs by 20%, targeting an adjusted EBITDA improvement of $85 to $115 million at full run rate. Additionally, the company paid a quarterly dividend of $0.015 per share on September 29 and announced the departure of Chief Legal Officer Thomas Wiesner effective November 4, 2026. Ferroglobe PLC is a leading global producer of silicon metal, silicon-based and manganese-based specialty alloys.