The Quarter
Ferroglobe (NASDAQ:GSM) delivered a very strong quarter this week. I was particularly encouraged by the volume growth of 13% and adjusted EBITDA margin. About $22mm of EBITDA in just the first quarter of their
Ferroglobe: Solid Execution And Turnaround Still On Plan
Summary
- Adjusted EBITDA came in at $22.1mm vs $-17.6mm last year.
- Revenue up 16% over last year driven largely by volume.
- Price environment remains very constructive.
Cashfow Hunter has over 25 years of experience in the markets, with nearly 20 of them as a hedge fund portfolio manager. His experience investing in debt and equity markets gives him unique insights into markets. He successfully predicted the implosion of Silicon Valley Bank. He has degrees from Wharton and MIT.
He leads the investing group Catalyst Hedge Investing, in which he shares his best long and short ideas. He looks for investment ideas with asymmetric risk/reward and a clear catalyst. Learn More.
Analyst’s Disclosure:I am/we are long GSM. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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