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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 reports Q3 earnings per share $0.27
Wednesday, 1 Nov 2017 04:12pm EDT 

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 04:12pm EDT 

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 acquires majority interest in Gardenia Quimica​
Monday, 2 Oct 2017 09:03am EDT 

Oct 2 (Reuters) - Ferro Corp :Ferro Corp - ‍acquired a majority interest in Gardenia Quimica​.Ferro Corp - acquisition of Endeka for approximately EUR 64 million​.Ferro Corp - transaction will be funded through excess cash and borrowings under company's existing revolving credit facility.Ferro Corp - Endeka full-year forecasted 2018 revenues are approximately EUR 75 million.Ferro Corp - ‍expects transaction to be accretive to earnings and 2018 post-synergy adjusted EBITDA, which is forecasted to be about EUR 11-12 million ​.Ferro Corp - Gardenia Quimica transaction resulted in Ferro increasing its ownership in joint venture company from a minority to a majority position​.  Full Article

Ferro acquires technology for printing on glass substrates
Wednesday, 2 Aug 2017 08:00am EDT 

Aug 2 (Reuters) - Ferro Corp :Ferro acquires leading technology for printing on glass substrates.Ferro corp - deal for ‍$60.0 million​.Ferro corp - ferro paid $60.0 million, excluding customary adjustments and fees for dip-tech.Ferro corp - ‍company expects transaction to be accretive to earnings in 2018​.Ferro corp says transaction was funded through excess cash and borrowings under ferro's existing revolving credit facility.Ferro corp - ‍ferro expects a return on invested capital of more than 15% within first five years of acquisition​.  Full Article

Ferro reports Q2 earnings per share $0.25
Wednesday, 26 Jul 2017 04:38pm EDT 

July 26 (Reuters) - Ferro Corp :Ferro reports strong second quarter results.Q2 adjusted earnings per share $0.37 from continuing operations.Q2 earnings per share $0.25.Q2 sales $348.6 million versus I/B/E/S view $336.1 million.Q2 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.25.Ferro Corp says company updates fiscal 2017 outlook.Ferro Corp - ‍company updates fiscal 2017 outlook​.Sees FY 2017 adjusted earnings per share $1.22 to $1.27.Sees 2017 adjusted free cash flow from continuing operations of $90 million - $100 million.Ferro Corp sees FY 2017 consolidated sales growth of 12.0% - 13.0%, up from 8.5% - 9.5%.Ferro Corp - "‍did experience raw material price headwinds" in Q2​.Ferro Corp - ‍Ferro is updating its full year 2017 guidance based on company's year-to-date performance and acquisition of SPC in Q2 of 2017​.Ferro - ‍If foreign exchange rates stay at June 30, levels, co estimates it would provide one to two cent tailwind to 2017 eps outlook​.FY2017 earnings per share view $1.22, revenue view $1.28 billion -- Thomson Reuters I/B/E/S.  Full Article

Ferro Corp launches program to increase manufacturing capacity in Ferro pigments business
Wednesday, 28 Jun 2017 01:28pm EDT 

June 28 (Reuters) - Ferro Corp ::Ferro launches global program to increase manufacturing capacity and optimize production of ultramarine pigments.Ferro says making investments in its Ferro pigments business to increase capacity and optimize production of its ultramarine pigments product lines.Ferro - program will be implemented globally over next 18 months.Ferro says investments will focus on equipment, technology upgrades supporting environmental/health/safety, quality, future product development objectives.  Full Article

Ferro reports Q1 earnings per share $0.26 from continuing operations
Tuesday, 25 Apr 2017 04:41pm EDT 

April 25 (Reuters) - Ferro Corp -:Ferro reports robust first quarter 2017 performance and updates full-year guidance.Q1 adjusted earnings per share $0.31 from continuing operations.Q1 earnings per share $0.26 from continuing operations.Q1 sales $320.6 million versus i/b/e/s view $300.6 million.Q1 earnings per share view $0.25 -- Thomson Reuters I/B/E/S.Sees FY adjusted earnings per share $1.17 to $1.22.Sees FY sales up 8.5 to 9.5 percent.Ferro Corp - "as we look toward remainder of 2017, we expect organic sales growth to remain in line with our prior expectations".Fy2017 earnings per share view $1.17, revenue view $1.24 billion -- Thomson Reuters I/B/E/S.Ferro Corp - sees raw material headwinds to put pressure on margins consistent with original guidance for remainder of 2017.Ferro Corp - new guidance does not include recent acquisition of spc or any additional acquisitions or divestitures in 2017.  Full Article

Ferro Corp names Benjamin Schlater as CFO
Friday, 2 Sep 2016 08:30am EDT 

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 04:20pm EDT 

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 01:56pm EDT 

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

BRIEF-Ferro reports Q3 adjusted EPS of $0.33

* Ferro momentum continues with strong growth in the third quarter