Stock Monitor: Westwater Resources Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 11, 2018 / If you want access to our free earnings report on Ferroglobe PLC (NASDAQ: GSM), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GSM. The Company reported its first quarter fiscal 2018 operating and financial results on May 21, 2018. The producer of silicon metal and silicon-based alloys outperformed top- and bottom-line expectations. Additionally, the Company announced that it is re-instating its dividend distribution. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Westwater Resources, Inc. (NASDAQ: WWR), which also belongs to the Basic Materials sector as the Company Ferroglobe. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=WWR

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ferroglobe most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=GSM

Earnings Highlights and Summary

For the quarter ended March 31, 2018, Ferroglobe's sales totaled $560.7 million, up 19.8% from $468.2 million in Q4 2017. The Company's revenue numbers exceeded analysts' estimates by $1.55 million.

During Q1 2018, Ferroglobe's reported earnings before interest, tax, depreciation, and amortization (EBITDA) of $93.5 million soared 321.2% compared to reported EBITDA of $22.2 million in Q4 2017. On an adjusted basis, the Company's EBITDA were $89.6 million in Q1 2018, up 66.9% from adjusted EBITDA of $53.7 million in Q4 2017. Ferroglobe recorded adjusted EBITDA margin of 16.0% in the reported quarter compared to 11.5% in the previous quarter.

For Q1 2018, Ferroglobe posted a net profit of $35.6 million, or $0.21 per diluted share, up from $6.3 million, or $0.04 per diluted share, in Q4 2017. The Company's adjusted net profit was $33.3 million, or $0.19 per diluted share, in the reported quarter compared to of $8.1 million, or $0.05 per diluted share, in the prior quarter. Ferroglobe's earnings surpassed Wall Street's estimates of $0.16 per share.

Operating Results

During Q1 2018, Ferroglobe's selling prices for key products continued to improve across both the US and Europe. The Company's average selling price for silicon metal increased 13.2% to $2,762/metric tons (MT) in Q1 2018 compared to $2,440/MT in Q4 2017. Ferroglobe's average selling price for silicon-based alloys increased 12.3% to $1,956/MT in Q1 2018 compared to $1,741/MT in Q4 2017. The Company's average selling price for manganese-based alloys increased 2.2% to $1,375/MT in Q1 2018 compared to $1,346/MT in Q4 2017.

In addition to improved pricing, Ferroglobe reported a solid demand across its key products. In terms of sales volumes, silicon metal experienced an increase of 9.3% to 93,515 MT on a q-o-q basis; silicon-based alloys recorded a growth of 8.4% to 76,328 MT compared to the previous quarter; and manganese-based alloys experienced a drop of 1.7% to 71,176 MT on a q-o-q basis.

Cash Matters

During Q1 2018, Ferroglobe's working capital increased by $57.5 million. The new assets acquired from Glencore AG on February 01, 2018, have contributed $55.5 million to this working capital increase. During Q1 2018, Ferroglobe's cash flows used for operations was $20.4 million. Excluding cash flows related to Glencore AG, the Company generated operating cash flows of $35.5 million in the reported quarter.

As of March 31, 2018, Ferroglobe's net debt was $449.3 million, up from $386.9 million as of December 31, 2017. The increase in net debt was primarily due to the $55.5 million working capital increase from the acquisition of the new assets from Glencore AG, including the build-up of inventories of raw materials and finished goods of the new plants. Excluding the impact of the Glencore AG acquisition, the Company's net debt increased by $6.6 million compared to December 31, 2017.

Reinstating Dividend Payment

In its earnings release, Ferroglobe also announced that its Board of Directors decided to declare an interim dividend of $0.06 per share, reflecting the confidence in the underlying strength of the business and the Company's long-term outlook. The dividend will have a record date of June 08, 2018, and a payment date of June 29, 2018.

Stock Performance Snapshot

June 08, 2018 - At Friday's closing bell, Ferroglobe's stock rose 2.90%, ending the trading session at $10.66.

Volume traded for the day: 1.67 million shares, which was above the 3-month average volume of 959.95 thousand shares.

After last Friday's close, Ferroglobe's market cap was at $1.77 billion.

Price to Earnings (P/E) ratio was at 161.52.

The stock has a dividend yield of 2.25%.

The stock is part of the Basic Materials sector, categorized under the Industrial Metals & Minerals industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors