Edition:
United States

Ferro Corp (FOE.N)

FOE.N on New York Stock Exchange

23.40USD
13 Dec 2017
Change (% chg)

$-0.01 (-0.04%)
Prev Close
$23.41
Open
$23.41
Day's High
$23.74
Day's Low
$23.30
Volume
137,763
Avg. Vol
184,621
52-wk High
$25.49
52-wk Low
$13.56

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 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

Ferro reports Q2 adj. earnings $0.34/shr from continuing operations
Wednesday, 27 Jul 2016 04:15pm EDT 

Ferro Corp : Ferro reports increased earnings for second quarter 2016 driven by higher sales and gross profit margins . Q2 adjusted earnings per share $0.34 from continuing operations . Q2 earnings per share $0.29 from continuing operations . Q2 sales $298 million versus I/B/E/S view $304 million . Raises FY 2016 adjusted earnings per share view to $1.00 to $1.05 . Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S . Approved new stock repurchase program to repurchase up to an additional $25 million of company's outstanding common stock . Sees FY constant currency sales growth 10.5 pct - 11.5 pct . Sees FY consolidated gross profit margin 30.5 pct - 31.0 pct . Identified "efficiency optimization opportunities" that are expected to increase profitability by $20 - $30 million annually . Identified "efficiency optimization opportunities" expected to be over next three years .FY2016 earnings per share view $0.97, revenue view $1.14 billion -- Thomson Reuters I/B/E/S.  Full Article

Ferro drawing final-round interest from Apollo, CVC - Bloomberg
Wednesday, 6 Jul 2016 01:14pm EDT 

:Ferro Corp drawing final-round interest from Apollo Global Management Llc, Cvc Capital Partners, Rhone Capital - Bloomberg, citing sources.  Full Article

Ferro Corp board explores possible strategic alternatives for company
Monday, 9 May 2016 08:37am EDT 

Ferro Corp : Board of directors is exploring possible strategic alternatives for company . Company has retained Lazard Frères & Co as its financial advisor .No decision has been made to engage in a transaction or transactions resulting from board's exploration of strategic alternatives.  Full Article

Ferro Corporation says purchased 100% of the equity of privately held Istanbul-based Ferer Dis Ticaret Ve Kimyasallar Anonim Sirketi A.S.
Tuesday, 5 Jan 2016 04:07pm EST 

Ferro Corporation:Says that it has purchased 100% of the equity of privately held Istanbul-based Ferer Dis Ticaret Ve Kimyasallar Anonim Sirketi A.S. ("Ferer") for about $9.0 million in cash, on a cash-free and debt-free basis, subject to working capital and other adjustments.The transaction will be funded with excess cash and a draw on the Company's revolving credit facility.  Full Article