Last $16.20 USD
Change Today -0.06 / -0.37%
Volume 318.9K
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As of 4:00 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

globe specialty metals inc (GSM) Key Developments

Globe Specialty Metals, Inc. Presents at Goldman Sachs 2014 Metals, Mining & Steel Conference, Nov-19-2014 through Nov-20-2014

Globe Specialty Metals, Inc. Presents at Goldman Sachs 2014 Metals, Mining & Steel Conference, Nov-19-2014 through Nov-20-2014. Venue: Goldman Sachs Conference Center, 200 West Street, New York, New York, United States. Presentation Date & Speakers: Nov-19-2014, Jeffrey K. Bradley, Chief Executive Officer and Chief Operating Officer.

Globe Specialty Metals, Inc. Presents at Cowen Group 5th Annual Global Metals, Mining and Materials Conference, Nov-11-2014 04:20 PM

Globe Specialty Metals, Inc. Presents at Cowen Group 5th Annual Global Metals, Mining and Materials Conference, Nov-11-2014 04:20 PM. Venue: The Sheraton New York Times Square Hotel, New York, New York, United States.

Globe Specialty Metals, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014; Declares Quarterly Dividend, Payable on December 22, 2014

Globe Specialty Metals, Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported net sales of $206.083 million compared to $172.994 million a year ago. Operating income was $21.901 million compared to operating loss of $4.424 million a year ago. Income before provision for income taxes was $20.409 million compared to loss of $9.534 million a year ago. Net income attributable to company was of $11.702 million or $0.16 per basic and diluted share compared to loss of $6.852 million or $0.09 per basic and diluted share a year ago. EBITDA was $33.196 million compared to $6.569 million a year ago. Net cash provided by operating activities was of $24.889 million compared to $38.694 million a year ago. Capital expenditures were $16.836 million compared to $7.203 million a year ago. Adjusted EBITDA in the first quarter was $34.6 million, up 62% compared to $21.402 million from the first quarter of last year and up 5% from the prior quarter. First quarter fiscal 2015 results were negatively impacted by $0.3 million after-tax related to transaction fees and due diligence expenses, $1.3 million after-tax for expenses related to the start-up of Siltech (acquired November 2013), and $1.0 million after-tax related to loss of profits from business interruption at one of their North America plants. Adjusted diluted EPS, excluding above items were $0.19 compared to $0.08 a year ago. Results were driven by strong EBITDA performance, which increased 62% from the prior year and 5% from the prior quarter on an adjusted basis. Net income improved 304% year-over-year and 9% when compared to the fourth quarter, illustrating the strong overall operating performance of the company during the quarter. The company announced that its Board of Directors on November 5, 2014 authorized a quarterly dividend of $0.075 per share payable on December 22, 2014 to shareholders of record at the close of business on December 8, 2014.

Globe Specialty Metals, Inc., Q1 2015 Earnings Call, Nov 06, 2014

Globe Specialty Metals, Inc., Q1 2015 Earnings Call, Nov 06, 2014

Globe Specialty Metals, Inc., Annual General Meeting, Dec 03, 2014

Globe Specialty Metals, Inc., Annual General Meeting, Dec 03, 2014., at 09:00 US Eastern Standard Time. Location: 600 Brickell Avenue, Suite 1500. Agenda: To elect six directors to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified; to consider and vote on an advisory basis upon the compensation of the named executive officers; to ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the year ending June 30, 2015; and to transact such other business as may properly come before the meeting or any adjournment thereof.

 

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GSM

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Valuation GSM Industry Range
Price/Earnings 35.5x
Price/Sales 1.5x
Price/Book 2.7x
Price/Cash Flow 35.2x
TEV/Sales 1.1x
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