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Ferro Corp (FOE.N)

FOE.N on New York Stock Exchange

21.03USD
22 Jun 2018
Change (% chg)

$0.13 (+0.62%)
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Latest Key Developments (Source: Significant Developments)

Ferro Corp Increased Senior-Secured Credit Facility To $500 Mln
Thursday, 26 Apr 2018 

April 26 (Reuters) - Ferro Corp ::FERRO REFINANCES AND EXPANDS CREDIT FACILITY TO OPTIMIZE CAPITAL STRUCTURE.FERRO CORP - SUCCESSFULLY CLOSED ON A NEW $820 MILLION SENIOR-SECURED TERM LOAN FACILITY.FERRO CORP - INCREASED ITS SENIOR-SECURED REVOLVING CREDIT FACILITY TO $500 MILLION.FERRO CORP - WILL USE PROCEEDS TO REPAY OUTSTANDING BALANCES ON ITS PRIOR FACILITY.  Full Article

Ferro reports Q3 earnings per share $0.27
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Ferro CORP :Ferro momentum continues with strong growth in the third quarter.Q3 adjusted earnings per share $0.33 from continuing operations.Q3 gaap earnings per share $0.27.Q3 sales $350 million versus i/b/e/s view $332.3 million.Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $1.26.Ferro Corp sees ‍2017 adjusted eps of $1.26 - $1.29 per diluted share​.Ferro Corp sees ‍2017 consolidated sales growth of 17.0% - 17.5%​.  Full Article

Ferro reports Q3 adjusted EPS of $0.33
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Ferro Corp ::Ferro momentum continues with strong growth in the third quarter.Q3 adjusted earnings per share $0.33.Q3 adjusted earnings per share $0.33 from continuing operations.Q3 GAAP earnings per share $0.27.Q3 sales $350 million versus I/B/E/S view $332.3 million.Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Sees ‍2017 adjusted EPS of $1.26 - $1.29 per diluted share​.Sees ‍2017 consolidated sales growth of 17.0% - 17.5%​.  Full Article

Ferro Corp names Benjamin Schlater as CFO
Friday, 2 Sep 2016 

Ferro Corp : Benjamin Schlater has been named vice president and chief financial officer . Benjamin Schlater succeeding Jeffrey Rutherford, who stepped down from position on September 1. .Rutherford is expected to remain with company as an advisor to Schlater through end of 2016.  Full Article

Ferro amends its senior credit agreement
Tuesday, 30 Aug 2016 

Ferro Corp : Amended its senior credit agreement by entering into second incremental assumption agreement .Incremental agreement increases revolving loan commitment amount from $300 million to $400 million.  Full Article

BRIEF-Ferro says has sold Antwerp assets
Tuesday, 30 Aug 2016 

Corrects headline to Ferro says "has sold Antwerp assets" from "Antwerp assets up for sale".Ferro Corp [Ferro Corp] : Says in connection with buyer's assumption of all of liabilities of Antwerp assets, made capital contribution of eur 12 million to units that previously owned the assets .Says expects transaction will result in impairment charges and other related expenses of $25 million to $30 million.  Full Article

Ferro reports Q2 adj. earnings $0.34/shr from continuing operations
Wednesday, 27 Jul 2016 

Ferro Corp : Ferro reports increased earnings for second quarter 2016 driven by higher sales and gross profit margins . Q2 adjusted earnings per share $0.34 from continuing operations . Q2 earnings per share $0.29 from continuing operations . Q2 sales $298 million versus I/B/E/S view $304 million . Raises FY 2016 adjusted earnings per share view to $1.00 to $1.05 . Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S . Approved new stock repurchase program to repurchase up to an additional $25 million of company's outstanding common stock . Sees FY constant currency sales growth 10.5 pct - 11.5 pct . Sees FY consolidated gross profit margin 30.5 pct - 31.0 pct . Identified "efficiency optimization opportunities" that are expected to increase profitability by $20 - $30 million annually . Identified "efficiency optimization opportunities" expected to be over next three years .FY2016 earnings per share view $0.97, revenue view $1.14 billion -- Thomson Reuters I/B/E/S.  Full Article

Ferro drawing final-round interest from Apollo, CVC - Bloomberg
Wednesday, 6 Jul 2016 

:Ferro Corp drawing final-round interest from Apollo Global Management Llc, Cvc Capital Partners, Rhone Capital - Bloomberg, citing sources.  Full Article

BRIEF-Ferro Corp Reports Q1 Adjusted Earnings Per Share $0.36

* FERRO DELIVERS SEVENTH CONSECUTIVE QUARTER OF ORGANIC GROWTH AND REAFFIRMS FULL-YEAR 2018 GUIDANCE