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Ferro Corp (FOE.N)

FOE.N on New York Stock Exchange

23.91USD
17 Nov 2017
Change (% chg)

$-0.05 (-0.21%)
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Volume
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$24.84
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Latest Key Developments (Source: Significant Developments)

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

BRIEF-Ferro reports Q3 adjusted EPS of $0.33

* Ferro momentum continues with strong growth in the third quarter