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Ferro Corp (FOE.N)

FOE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ferro Corp completes acquisition of Nubiola
Tuesday, 7 Jul 2015 07:53am EDT 

Ferro Corp:Completes the acquisition of Nubiola Pigmentos on a cash-free and debt-free basis for 149 mln euros.Says the all-cash transaction was funded with excess cash and borrowings under the company's existing revolving credit facility.Acquisition expects to be accretive to Ferro's adjusted diluted earnings per share by $0.04 to $0.06 in 2015 and by more than $0.15 in 2016.  Full Article

Ferro Corp announces acquisition of equity in Nubiola
Thursday, 30 Apr 2015 07:50am EDT 

Ferro Corp:Will acquire 100 pct of equity of Nubiola for 146 mln Euro.  Full Article

Ferro Corporation raises FY 2015 EPS guidance
Wednesday, 29 Apr 2015 04:26pm EDT 

Ferro Corporation:Increases FY 2015 adjusted diluted earnings guidance to $0.89 to $0.96 per share.FY 2015 EPS of $0.89 - Thomson Reuters I/B/E/S.  Full Article

Ferro Corporation enters into agreement to acquire Global Inorganic Pigments manufacturer Nubiola
Wednesday, 29 Apr 2015 04:05pm EDT 

Ferro Corporation:Signs a definitive agreement with the shareholders of Barcelona-based Nubiola Pigmentos to acquire 100 pct of the equity of Nubiola, on a cash-free and debt-free basis, for 146 mln euros.Based on 2014 EBITDA, excluding expected transaction synergies, the acquisition purchase price represents a transaction multiple of approximately 7X.Transaction will be funded with excess cash and a draw on the Company's existing revolving credit facility.Transaction is expected to close within the next 60 days, subject to customary closing conditions.  Full Article

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BRIEF-Ferro reports Q3 EPS $0.24 from continuing operations

* Ferro grows sales and profitability in third quarter; affirms 2016 guidance