Last $20.72 USD
Change Today +0.60 / 2.98%
Volume 531.0K
GSM On Other Exchanges
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As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

globe specialty metals inc (GSM) Snapshot

Open
$20.25
Previous Close
$20.12
Day High
$20.74
Day Low
$20.10
52 Week High
03/21/14 - $22.00
52 Week Low
09/20/13 - $14.77
Market Cap
1.5B
Average Volume 10 Days
384.5K
EPS TTM
$0.14
Shares Outstanding
73.8M
EX-Date
09/8/14
P/E TM
147.4x
Dividend
$0.30
Dividend Yield
1.42%
Current Stock Chart for GLOBE SPECIALTY METALS INC (GSM)

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globe specialty metals inc (GSM) Details

Globe Specialty Metals, Inc. produces and sells silicon metal and silicon-based alloys in the United State, Argentina, Canada, China, and Poland. The company operates through GMI, Globe Metales, Solsil, and Other segments. Its silicon metal is used as a primary raw material in making silicone compounds, aluminum, and polysilicon. The company offers silicon-based alloy products in four general categories, which comprise ferrosilicon, magnesium-ferrosilicon-based alloys, ferrosilicon-based alloys, and calcium silicon. Its silicon-based alloys are used as raw materials in making steel, automotive components, and ductile iron. The company also captures, recycles, and sells by-products generated in its production processes; and provides specialty metallurgical coal to silicon and silicon-based alloy industries. Its customers include silicone chemical, aluminum, and steel manufacturers; auto companies and their suppliers; ductile iron foundries; photovoltaic solar cells and computer chips manufacturers; and concrete producers. The company was formerly known as International Metal Enterprises, Inc. and changed its name to Globe Specialty Metals, Inc. in November 2006. Globe Specialty Metals, Inc. was founded in 2004 and is headquartered in Miami, Florida.

1,569 Employees
Last Reported Date: 08/29/14
Founded in 2004

globe specialty metals inc (GSM) Top Compensated Officers

Chief Executive Officer and Chief Operating O...
Total Annual Compensation: $700.0K
Founder and Executive Chairman
Total Annual Compensation: $995.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $215.1K
Chief Legal Officer and Corporate Secretary
Total Annual Compensation: $429.7K
Compensation as of Fiscal Year 2013.

globe specialty metals inc (GSM) Key Developments

Globe Specialty Metals Mulls Acquisitions

Globe Specialty Metals, Inc. (NasdaqGS:GSM) is looking for acquisitions. Jeff Bradley, Chief Executive Officer of Globe Specialty Metals, Inc. said, "On the business development side, we continue to pursue accretive acquisitions that will drive shareholder value."

Globe Specialty Metals, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014; Provides Earnings Guidance for Fiscal 2015

Globe Specialty Metals, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company reported net sales of $205.360 million compared to $181.057 million a year ago. Operating income was $18.870 million compared to $16.795 million a year ago. Income before provision for income taxes was of $18.025 million compared to $14.189 million a year ago. Net income attributable to company was of $6.226 million or $0.08 per diluted share compared to $9.744 million or $0.13 per diluted share a year ago. EBITDA was $30.178 million compared to $27.684 million a year ago. Net cash provided by operating activities was of $21.340 million compared to $32.983 million a year ago. Capital expenditures were of $19.057 million compared to $8.204 million a year ago. Adjusted EBITDA was $33.111 million compared to $23.757 million a year ago. Adjusted diluted EPS was $0.18 compared to $0.09 for the same period a year ago. For the year, the company reported net sales of $752.817 million compared to $757.550 million a year ago. Operating income was $14.810 million compared to loss of $8.947 million a year ago. Income before provision for income taxes was of $26.316 million compared to loss of $17.075 million a year ago. Net income attributable to company was of $14.408 million or $0.19 per diluted share compared to loss of $21.028 million or $0.28 per diluted share a year ago. EBITDA was $79.499 million compared to $35.880 million a year ago. Net cash provided by operating activities was of $62.556 million compared to $72.740 million a year ago. Capital expenditures were of $47.075 million compared to $44.509 million a year ago. Adjusted EBITDA was $110.315 million compared to $99.081 million a year ago. Net debt increased by $6.2 million from the end of the third quarter to $12.9 million. Adjusted diluted EPS was $0.53 compared to $0.40 for the same period a year ago. The company expect price improvements to drive margins even higher in fiscal 2015.

Globe Specialty Metals, Inc. Announces Quarterly Dividend, Payable on September 24, 2014

Globe Specialty Metals, Inc. announced that its Board of Directors on August 19, 2014 authorized the payment of a quarterly dividend of $0.075 per share, payable on September 24, 2014 to shareholders of record at the close of business on September 10, 2014.

 

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Industry Analysis

GSM

Industry Average

Valuation GSM Industry Range
Price/Earnings 100.0x
Price/Sales 2.0x
Price/Book 3.5x
Price/Cash Flow 103.0x
TEV/Sales 1.5x
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