Key Developments: Ferro Corp (FOE.N)

FOE.N on New York Stock Exchange

13.06USD
19 Dec 2014
Price Change (% chg)

$-0.28 (-2.10%)
Prev Close
$13.34
Open
$13.32
Day's High
$13.40
Day's Low
$12.82
Volume
554,358
Avg. Vol
160,499
52-wk High
$15.13
52-wk Low
$11.53

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Latest Key Developments (Source: Significant Developments)

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

Ferro Corp reaffirms FY 2013 EPS guidance - Conference Call
Wednesday, 18 Sep 2013 11:30am EDT 

Ferro Corp:Says for FY 2013 it reaffirms adjusted earnings per share in the range of $0.35 to $0.40.FY 2013 EPS of $0.39 - Thomson Reuters I/B/E/S Estimates.  Full Article

Ferro Corp Raises FY 2015 Guidance
Monday, 9 Sep 2013 09:00am EDT 

Ferro Corp announced that it expects to drive fiscal 2015 adjusted earnings in excess of $1.00 per share (prior range: $0.90 - $1.00) and EBITDA greater than 12.5% (prior range: approximately 11%) . According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.77 and EBITDA of $184.50 million for fiscal 2015.  Full Article

Ferro Corp Reaffirms FY 2013 Guidance
Wednesday, 31 Jul 2013 11:05pm EDT 

Ferro Corp announced reaffirmed fiscal 2013 guidance and expects adjusted earnings to be in the range of $0.35-$0.40 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.36 for fiscal 2013.  Full Article

Ferro Corp Raises FY 2013 EPS Guidance
Wednesday, 24 Apr 2013 04:41pm EDT 

Ferro Corp announced that for fiscal 2013, it increases adjusted earnings guidance to $0.35 to $0.40 per Share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.30 for fiscal 2013.  Full Article

Ferro Corp Announces Management Change
Wednesday, 24 Apr 2013 04:30pm EDT 

Ferro Corp announced that the Company's Board of Directors has appointed Peter T. Thomas as President and Chief Executive Officer (CEO), effective immediately. Mr. Thomas had served as Interim President and Chief Executive Officer of Ferro since November 2012, and William B. Lawrence, who had served as Acting Chairman of the Board since November 2012, has been named Chairman of the Board.  Full Article

Ferro Corp Raises Q1, FY 2013 And FY 2015 EPS Guidance
Monday, 8 Apr 2013 04:40pm EDT 

Ferro Corp announced that adjusted earnings per share for the first quarter of 2013, to be in the range of $0.05 to $0.07, compared to the previously announced range of $0.02 to $0.05. The Company also anticipates adjusted earnings for fiscal 2013, to be $0.30 to $0.35 per share, compared to the previously announced range of $0.25 to $0.30. This guidance is based on preliminary first-quarter results and the progress made to date on the Company's cost-saving initiatives and value creation strategy. For fiscal 2015, the Company expects adjusted earnings per share of $0.90 to $1.00, compared to the previously announced range of $0.75 to $0.85. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.04 for the first quarter of 2013, EPS of $0.28 for fiscal 2013 and EPS of $0.64 for fiscal 2015.  Full Article

Ferro Corp Reaffirms FY 2013 EPs Guidance
Tuesday, 5 Mar 2013 08:44am EST 

Ferro Corp announced that for fiscal 2013, it expects adjusted earnings per share (EPS) to be in the range of $0.25 to $0.30 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.27 for fiscal 2013.  Full Article

A. Schulman Inc Offers To Acquire Ferro Corp
Monday, 4 Mar 2013 07:32am EST 

A. Schulman Inc announced that it has made a proposal to the Board of Directors of Ferro Corp to acquire all of the outstanding shares of Ferro common stock for per-share consideration of $6.50, representing an estimated total enterprise value of approximately $855 million including total indebtedness. The offer represents a 25% premium over the closing price of Ferro common stock on March 1, 2013, and a 32% premium over the volume-weighted average trading price over the preceding 60-day period. The Company said its proposed offer price of $6.50 per share includes an immediate cash payment of $3.25 for each Ferro share outstanding and $3.25 worth of A. Schulman common stock. When cost savings and synergies are fully implemented, A. Schulman estimates annual savings of $35 million over and above the previously announced Ferro targets.  Full Article

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