Key Developments: Ferro Corp (FOE.N)

FOE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ferro Corp sees FY 2014 EPS guidance at high end of prior range
Monday, 27 Oct 2014 04:41pm EDT 

Ferro Corp:Expects adjusted earnings from continuing operations for FY 2014 to be at high end of previously provided earnings guidance of $0.52 to $0.57 per diluted share.  Full Article

Ferro enters into agreement to acquire Italian tile coatings manufacturer Vetriceramici
Sunday, 21 Sep 2014 06:00pm EDT 

Ferro Corporation:Signs a definitive agreement with Milan, Italy-based Private Equity Funds' management company Star Capital SGR S.p.A. and two minority owners and founders Gianfranco Padovani and Sergio Zannoni to acquire Casola Valsenio, Italy-based Vetriceramici S.p.A.for 83 million Euros (about $108 million) in cash.Says the transaction is expected to close by Dec.1.Says it was advised by Jones Day.Says William Blair & Company and K Finance acted as financial advisors to the sellers.Says Legal advisor to the sellers was Accinni, Cartolano e Associati.  Full Article

Ferro Corp raises FY 2014 and FY 2015 EPS guidance
Wednesday, 30 Jul 2014 04:05pm EDT 

Ferro Corp:Expects adjusted earnings from continuing operations for FY 2014 to be in range of $0.52 to $0.57 per diluted share (EPS), up from prior guidance of $0.48 to $0.53.Also increased FY 2015 earnings target.FY 2105 adjusted earnings per share are now expected to exceed $0.90 per diluted share, up from prior guidance of greater than $0.80 per diluted share.FY 2014 EPS of $0.56 and FY 2015 EPS of $0.88 - Thomson Reuters I/B/E/S.  Full Article

Ferro Corp completes sale of substantially all of assets in its Specialty Plastics business to A. Schulman, Inc
Tuesday, 1 Jul 2014 04:01pm EDT 

Ferro Corp:Completes previously announced sale of substantially all of assets in its Specialty Plastics business to A. Schulman, Inc. for $91 mln in cash.Cash proceeds, net of cash taxes and fees, will be about $88 mln, which Ferro plans to use primarily to reduce debt.  Full Article

Ferro lowers FY 2014 EPS guidance; gives FY 2015 EPS guidance
Wednesday, 4 Jun 2014 07:30am EDT 

Ferro Corp:Revises FY 2014 adjusted earnings per diluted share guidance to be $0.48 to $0.53.Expects FY 2015 adjusted earnings will exceed $0.80 per diluted share.FY 2015 EPS of $0.95 - Thomson Reuters I/B/E/S.  Full Article

Ferro Corp to sell substantially all of assets in Specialty Plastics business to A. Schulman, Inc
Wednesday, 4 Jun 2014 07:30am EDT 

Ferro Corp:Reaches definitive agreement to sell substantially all of assets in its Specialty Plastics business to A. Schulman, Inc. for $91 mln in cash.Cash proceeds is will be use to reduce debt.  Full Article

Ferro Corp raises FY 2014 EPS guidance
Wednesday, 23 Apr 2014 04:05pm EDT 

Ferro Corp:Expects adjusted earnings per share (EPS) for FY 2014 to be in the range of $0.68 to $0.73, up from previous guidance of $0.65 to $0.70.FY 2014 EPS of $0.70 - Thomson Reuters I/B/E/S.  Full Article

Ferro Corp gives FY 2014 EPS guidance below analysts' estimates; Reaffirms FY 2015 EPS guidance
Monday, 24 Feb 2014 04:50pm EST 

Ferro Corp:Expects FY 2014 adjusted earnings to be in the range of $0.65-$0.70 per diluted share (EPS) driven primarily by additional cost savings and modest growth in value-added sales.Reaffirms FY 2015 adjusted earnings per share (EPS) target in excess of $1.00.FY 2014 EPS of $0.72 - Thomson Reuters I/B/E/S.  Full Article

Ferro Corp reaffirms FY 2013 and 2015 EPS guidance - conference call
Thursday, 31 Oct 2013 04:05am EDT 

Ferro Corp:Says it reaffirms fiscal 2013 adjusted earnings per share guidance of $0.42 - $0.45 and fiscal 2015 target of over $1.00.  Full Article

Ferro Corp Raises FY 2013 Guidance; Issues Q4 2013 Guidance; Raffirms FY 2015 Guidance
Wednesday, 23 Oct 2013 04:35pm EDT 

Ferro Corp raised its fiscal 2013 adjusted earnings guidance to $0.42 to $0.45 per diluted share (EPS), versus previous guidance of $0.35 to $0.40 per diluted share. For fourth quarter of 2013, adjusted earnings to be in the range of $0.04 to $0.07 per diluted share. The Company also reaffirms its financial targets for fiscal 2015, including cost savings of greater than $100 million and adjusted earnings per share in excess of $1.00 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.14 for fiscal 2013; EPS of $0.73 for fiscal 2015.  Full Article

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