Last $13.03 USD
Change Today -0.34 / -2.54%
Volume 338.8K
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

ferro corp (FOE) Snapshot

Open
$13.40
Previous Close
$13.37
Day High
$13.40
Day Low
$12.99
52 Week High
09/24/14 - $15.14
52 Week Low
10/15/14 - $11.53
Market Cap
1.1B
Average Volume 10 Days
447.6K
EPS TTM
$1.30
Shares Outstanding
87.0M
EX-Date
05/6/09
P/E TM
10.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for FERRO CORP (FOE)

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ferro corp (FOE) Details

Ferro Corporation, together with its subsidiaries, produces and sells specialty materials and chemicals in the United States and internationally. The company operates in five segments: Pigments, Powders, and Oxides; Performance Colors and Glass; Performance Coatings; Polymer Additives; and Specialty Plastics. It offers various performance materials, including frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings; and performance chemicals comprising polymer additives, engineered plastic compounds, and pigment dispersions. The company’s products are used in appliances, automobiles, building and renovation, electronics, household furnishings, packaging, and industrial products. It sells its products primarily to the manufacturers of ceramic tiles, appliances, construction materials, automobile parts, glass, bottles, and wall coverings directly, as well as through agents and distributors. Ferro Corporation was founded in 1919 and is headquartered in Mayfield Heights, Ohio.

4,364 Employees
Last Reported Date: 02/24/14
Founded in 1919

ferro corp (FOE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $725.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $377.0K
Vice President of Human Resources
Total Annual Compensation: $357.0K
Compensation as of Fiscal Year 2013.

ferro corp (FOE) Key Developments

Ferro Seek Acquisitions

Ferro Corporation (NYSE:FOE) is seeking acquisitions. Peter Thomas, Chairman, President and Chief Executive Officer of Ferro said, “We have identified 30 to 40 bolt-on acquisitions. So we have opportunities for acquisitions, we have opportunities for adding to our capacity. So we're in good shape on the growth in terms of having targets.” “We were looking for acquisitions in these spaces that brought a compliment and new technology to our portfolio with lesser volumes and higher margins Kind of like in the tile business, looking at our color and glass business, with that type of profile. So Vetriceramici deals with all the high end customers, they do all specialty products, no commodity products, and they have a very nice model of going to market.”

Ferro Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Ferro Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $275,754,000 against $298,083,000 a year ago. Income before income taxes was $2,113,000 against $10,126,000 a year ago. Loss from continuing operations was $2,567,000 or $0.03 per basic and diluted share against income from continuing operations of $9,814,000 or $0.11 per basic and diluted share a year ago. Net income attributable to common shareholders was $47,465,000 or $0.55 per basic and diluted share against $12,652,000 or $0.15 per basic and diluted share a year ago. Net cash provided by operating activities was $39,230,000 against $11,557,000 a year ago. Capital expenditure for property, plant and equipment and other long-lived assets was $8,191,000 against $5,285,000 a year ago. Adjusted EBITDA was $33,884,000 against $29,585,000 a year ago. Adjusted net income attributable to common shareholders was $14,208,000, or $0.16 per diluted share, compared with $10,197,000 or $0.12 per diluted share, in the prior-year quarter. Adjusted net income from continuing operations attributable to common shareholders was $14,000,000, or $0.16 per diluted share, compared with $10,000,000, or $0.12 per diluted share, in the prior-year quarter. The company attributed the increase in profitability primarily to increased sales and gross profit in the Performance Colors and Glass segment coupled with reduced selling, general and administrative expenses associated with continued cost reduction activities. For the nine months, the company reported net sales of $850,698,000 against $912,738,000 a year ago. Income before income taxes was $33,837,000 against $10,361,000 a year ago. Income from continuing operations was $21,490,000 or $0.24 per diluted share against $6,802,000 or $0.08 per basic and diluted share a year ago. Net income attributable to common shareholders was $74,629,000 or $0.84 per diluted share against $11,405,000 or $0.13 per diluted share a year ago. Net cash provided by operating activities was $41,900,000 against $3,003,000 a year ago. Capital expenditure for property, plant and equipment and other long-lived assets was $40,996,000 against $21,187,000 a year ago. Adjusted EBITDA was $104,674,000 against $78,274,000 a year ago. Adjusted net income attributable to common shareholders was $42,884,000, or $0.49 per diluted share, compared with $23,645,000 or $0.28 per diluted share, in the prior-year quarter. Based on third-quarter performance, the company expects adjusted earnings from continuing operations for 2014 to be at the high end of the previously provided earnings guidance of $0.52 to $0.57 per diluted share. The company is lowering its prior revenue outlook, as overall business conditions in Europe and Asia have weakened. For the full year, the company expects capital spending of approximately $60 million. The adjusted gross profit margin for the fourth quarter of 2014, expressed as a percent of value-added sales, is expected to be in the range of 26.0% to 26.5%, and SG&A expenses, excluding pension adjustments and other nonrecurring expense items, are expected to be $45 to $50 million.

Ferro Corporation, Q3 2014 Earnings Call, Oct 28, 2014

Ferro Corporation, Q3 2014 Earnings Call, Oct 28, 2014

 

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FOE

Industry Average

Valuation FOE Industry Range
Price/Earnings 12.1x
Price/Sales 0.7x
Price/Book 3.4x
Price/Cash Flow 8.4x
TEV/Sales 0.5x
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