Key Developments: Ferro Corp (FOE.N)

FOE.N on New York Stock Exchange

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27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Ferro Corporation acquires privately held TherMark Holdings Inc
Wednesday, 25 Feb 2015 05:05pm EST 

Ferro Corporation:Acquires privately held TherMark Holdings, Inc. (TherMark), a laser marking technology, for $5.5 mln in cash.TherMark is Ferro's largest partner in the marketing of laser marking materials and also licenses technology to Ferro.Ferro was advised by League Park Advisors and Calfee, Halter & Griswold, LLP.  Full Article

Ferro Corporation gives FY 2015 EPS guidance below analysts' estimates
Wednesday, 25 Feb 2015 04:57pm EST 

Ferro Corporation:Expects adjusted earnings for FY 2015 to be in the range of $0.85 to $0.90 per diluted share.FY 2015 EPS of $0.96 - Thomson Reuters I/B/E/S.  Full Article

Ferro Corporation announces sale of North America-based Polymer Additives business
Friday, 19 Dec 2014 01:45pm EST 

Ferro Corporation:Completes sale of majority of assets of its Polymer Additives business to Polymer Additives, Inc., a wholly owned portfolio company of H.I.G. Capital, LLC, for about $154 mln in cash.  Full Article

Ferro completes acquisition of italian tile coatings manufacturer Vetriceramici
Tuesday, 2 Dec 2014 07:30am EST 

Ferro Corp:Completes the acquisition of tile coating manufacturer Vetriceramici S.p.A. for 83 mln Euros (about $104 mln).Acquisition was previously announced on Sept. 21.All-cash transaction was funded with excess cash and borrowings under the Company's existing revolving credit facility.  Full Article

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

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