Last $21.11 USD
Change Today +0.03 / 0.14%
Volume 395.4K
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

globe specialty metals inc (GSM) Snapshot

Open
$21.15
Previous Close
$21.08
Day High
$21.30
Day Low
$20.95
52 Week High
03/21/14 - $22.00
52 Week Low
07/30/13 - $11.51
Market Cap
1.6B
Average Volume 10 Days
314.6K
EPS TTM
$0.36
Shares Outstanding
73.8M
EX-Date
06/6/14
P/E TM
58.6x
Dividend
$0.30
Dividend Yield
1.36%
Current Stock Chart for GLOBE SPECIALTY METALS INC (GSM)

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globe specialty metals inc (GSM) Details

Globe Specialty Metals, Inc. manufactures and sells silicon metal and silicon-based alloys in North America, Europe, Asia, and South America. 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 include 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 recycles and sells by-products generated in its production processes; and processes and supplies specialty metallurgical coal to silicon and silicon-based alloy industries. Its customers include silicone chemical manufacturers, aluminum and steel manufacturers, auto companies and their suppliers, ductile iron foundries, manufacturers of photovoltaic solar cells and computer chips, 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.

1,353 Employees
Last Reported Date: 08/28/13
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, Inc. Provides Earnings Guidance for the Fourth Quarter of 2014

Globe Specialty Metals, Inc. provided earnings guidance for the fourth quarter of 2014. The company expects a solid improvement in earnings and margins for the quarter, primarily related to price increases and will continue with cost out initiatives in all areas of the business to continue an overall improvement in results.

Globe Specialty Seeks Acquisitions

Globe Specialty Metals, Inc. (NasdaqGS:GSM) seeks acquisitions. "On the business development side, we continue to see a high level of deal flow. And we are actively pursuing accretive acquisitions that will drive shareholder value. Additionally, we have continued returning cash to shareholders through our quarterly dividend and share repurchases in the quarter," said Jeff Bradley, Globe Specialty Metals, Inc., Chief Executive Officer and Chief Operating Officer.

Globe Specialty Metals, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended March 31, 2014

Globe Specialty Metals, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net sales of $196,057,000 compared to $195,845,000 for the same period last year. These increases from the prior quarter were primarily due to a 15% increase in silicon metal shipments and a 7% increase in silicon-based alloys shipments. Operating income was $7,739,000 compared to operating loss of $42,646,000 for the same period last year. Income before provision for income taxes was $4,734,000 compared to loss before provision for income taxes of $45,936,000 for the same period last year. Net income was $2,017,000 compared to net loss of $39,995,000 for the same period last year. Net income attributable to the company was $1,561,000 or $0.02 per basic and diluted share compared to net loss attributable to the company of $40,135,000 or $0.53 per basic and diluted share for the same period last year. EBITDA was $17,052,000 compared to LBITDA of $32,791,000 for the same period last year. Net cash used in operating activities was $23,431,000 compared to net cash provided by operating activities of $27,001,000 for the same period last year. Capital expenditures were $9,954,000 compared to $18,101,000 for the same period last year. Capital expenditures were primarily related to planned maintenance. Adjusted diluted earnings per share were $0.14 against $0.00 per share in the prior year. Adjusted EBITDA was $29,468,000 compared to $13,999,000 in the prior year. This was primarily due to improved sales volumes for both silicon metal and silicon-based alloys and modest price improvements for both product segments. These increases were partially offset by increased selling, general and administrative expenses on a normalized basis and severe weather conditions which impacted the North American manufacturing facilities. For the nine months, the company reported net sales of $547,457,000 compared to $576,493,000 for the same period last year. Operating loss was $4,060,000 compared to $25,742,000 for the same period last year. Income before provision for income taxes was $8,291,000 compared to loss before provision for income taxes of $31,264,000 for the same period last year. Net income was $11,490,000 compared to net loss of $29,427,000 for the same period last year. Net income attributable to the company was $8,182,000 or $0.11 per diluted share compared to net loss attributable to the company of $30,772,000 or $0.41 per diluted share for the same period last year. EBITDA was $49,321,000 compared to $8,196,000 for the same period last year. Net cash provided by operating activities was $41,216,000 compared to $39,757, 000 for the same period last year. Capital expenditures were $28,018,000 compared to $36,305,000 for the same period last year. Adjusted diluted earnings per share were $0.35 per share compared to $0.31 per share in the prior year. Adjusted EBITDA was $77,204,000 compared to $75,324,000 in the prior year. For the quarter, the company reported total shipments were 73,926 metric tones against 69,382 metric tones for the same period last year. For the nine months, the company reported total shipments were 202,577 metric tones against 201,384 metric tones for the same period last year.

 

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GSM

Industry Average

Valuation GSM Industry Range
Price/Earnings 88.3x
Price/Sales 2.1x
Price/Book 3.7x
Price/Cash Flow 86.8x
TEV/Sales 1.7x
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