Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $13.87 USD
Change Today -0.07 / -0.50%
Volume 799.2K
FOE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

ferro corp (FOE) Snapshot

Open
$13.91
Previous Close
$13.94
Day High
$14.00
Day Low
$13.69
52 Week High
06/26/15 - $17.09
52 Week Low
01/30/15 - $11.11
Market Cap
1.2B
Average Volume 10 Days
1.2M
EPS TTM
$0.25
Shares Outstanding
87.3M
EX-Date
05/6/09
P/E TM
55.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for FERRO CORP (FOE)

ferro corp (FOE) Related Businessweek News

View More BusinessWeek News

ferro corp (FOE) Details

Ferro Corporation, together with its subsidiaries, produces specialty materials in the United States and internationally. It operates through four business units: Tile Coating Systems; Porcelain Enamel; Performance Colors and Glass; and Pigments, Powders and Oxides. The company’s products include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings. Its products are used in appliances, automobiles, building and renovation, electronics, household furnishings, industrial products, and packaging. The company markets and sells its products to manufacturers of ceramic tile, appliances, construction materials, automobile parts, glass, bottles, and wall coverings directly, as well as through indirect sales channels, such as agents and distributors. Ferro Corporation was founded in 1919 and is headquartered in Mayfield Heights, Ohio.

3,979 Employees
Last Reported Date: 02/25/15
Founded in 1919

ferro corp (FOE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $865.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $470.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $388.3K
Vice President of Human Resources
Total Annual Compensation: $367.7K
Compensation as of Fiscal Year 2014.

ferro corp (FOE) Key Developments

Ferro Mulls Acquisitions

Ferro Corporation (NYSE:FOE) is seeking acquisitions. Peter Thomas, Chairman, President and Chief Executive Officer said, "We are actively working on a number of small to medium size acquisitions or joint venture opportunities and we have the financial capacity to execute on them. We also have a healthy pipeline of new products coming to market and under development. The opportunities are before us and we intend to execute on them.”

Ferro Corporation Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Second Half Year of 2015; Revises Earnings Guidance for the Full Year of 2015

Ferro Corporation announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported nets sales of $268,214,000 against $294,217,000 a year ago. Income before income taxes was $18,110,000 against $19,094,000 a year ago. Net income attributable to Ferro Corporation common shareholders was $6,599,000 against $9,959,000 a year ago. Earnings per share attributable to Ferro Corporation common shareholders were $0.08 against $0.11 a year ago. Net cash provided by operating activities was $14,203,000 against $24,910,000 a year ago. Capital expenditures for property, plant and equipment and other long lived assets was $11,675,000 against $20,642,000 a year ago. Income from continuing operations for the quarter ended June 30, 2015, was $12 million, or $0.14 per diluted share, compared with $14 million, or $0.15 per diluted share, in the second quarter of 2014. Adjusted income attributable to common shareholders was $17 million, or $0.20 per diluted share, compared with $17 million, or $0.19 per diluted share, in the prior-year quarter. Adjusted earnings before interest, taxes, depreciation and amortization were $37 million compared with $39 million in the same period last year. For the six months, the company reported nets sales of $530,986,000 against $574,944,000 a year ago. Income before income taxes was $33,540,000 against $31,724,000 a year ago. Income from continuing operations was $25,402,000 against $24,057,000 a year ago. Net income attributable to Ferro Corporation common shareholders was $17,569,000 against $27,164,000 a year ago. Earnings per share attributable to Ferro Corporation common shareholders were $0.20 against $0.31 a year ago. Net cash provided by operating activities was $3,934,000 against $2,670,000 a year ago. Capital expenditures for property, plant and equipment and other long lived assets was $26,554,000 against $32,805,000 a year ago. The results in both years include a number of charges relating to, among other items, restructuring activities. Value-added sales, which exclude precious metal sales, were $257 million versus $282 million in the second quarter of the prior year. The company anticipates full-year 2015 adjusted earnings per share to be in the range of $0.82 to $0.87 compared with prior guidance of $0.89 to $0.96 per diluted share. The company continues to forecast its full-year 2015 effective tax rate to be approximately 25%. For cash flow, the company expects continuing operations to generate approximately $50 million of cash flow during the full year, excluding the requirements for M&A activity. For the second half of 2015, gross profit, as a percentage of value-added sales, is expected to be in the range of 29.0% to 29.5%, and operating profit is expected to be in the range of 11.5% to 12.0% of value-added sales. Interest expense is expected to increase by $1 million to $2 million in the second half of the year compared with the first half based on an increase in debt required to complete the Nubiola transaction and reduce capitalized interest as a result of the Antwerp Belgium project reaching completion.

Ferro Corporation, Q2 2015 Earnings Call, Jul 30, 2015

Ferro Corporation, Q2 2015 Earnings Call, Jul 30, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FOE:US $13.87 USD -0.07

FOE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
A Schulman Inc $36.37 USD -0.42
Kraton Performance Polymers Inc $20.80 USD +0.25
Olin Corp $22.47 USD +0.07
OM Group Inc $33.81 USD +0.01
OMNOVA Solutions Inc $6.60 USD +0.15
View Industry Companies
 

Industry Analysis

FOE

Industry Average

Valuation FOE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.1x
Price/Book 3.8x
Price/Cash Flow 15.9x
TEV/Sales 0.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FERRO CORP, please visit www.ferro.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.