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Last €12.31 EUR
Change Today -0.004 / -0.03%
Volume 0.0
FR9 On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 1:29 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

ferro corp (FR9) Snapshot

Open
€12.33
Previous Close
€12.31
Day High
€12.51
Day Low
€12.27
52 Week High
05/5/15 - €12.51
52 Week Low
06/20/14 - €8.70
Market Cap
1.1B
Average Volume 10 Days
2.0K
EPS TTM
--
Shares Outstanding
87.3M
EX-Date
05/6/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FERRO CORP (FR9)

ferro corp (FR9) Related Businessweek News

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ferro corp (FR9) 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 (FR9) 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 (FR9) Key Developments

Ferro Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for Fiscal 2015

Ferro Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. First quarter income from continuing operations attributable to common shareholders was $0.17 per diluted share compared with $0.12 per diluted share in the first quarter of 2014. On an adjusted basis, earnings per diluted share were $0.23 compared with earnings of $0.14 per diluted share in the first quarter of 2014. The results in both years include a number of charges relating to, among other items, restructuring activities, and the impact of currency devaluations in Venezuela. First quarter 2015 net sales were $263 million, while value-added sales, which exclude precious metal sales, were $253 million. In the same period last year, net sales and value-added sales were $281 million and $267 million, respectively. Income from continuing operations for the quarter ended March 31, 2015, was $13 million, or $0.17 per diluted share, compared with $10 million, or $0.12 per diluted share, in the first quarter of 2014. Adjusted income attributable to common shareholders was $20 million, or $0.23 per diluted share, compared with $12 million, or $0.14 per diluted share, in the prior-year quarter. Adjusted earnings before interest, taxes, depreciation and amortization were $35 million, compared with $32 million in the same period last year. Income before income taxes was $15,430,000 against $12,630,000 a year ago. Net cash used in operating activities was $10,269,000 against $22,240,000 a year ago. Capital expenditures for property, plant and equipment and other long lived assets was $14,879,000 against $12,163,000 a year ago. At March 31, 2015, net debt was $203 million, an increase of approximately $32 million since year end. The company anticipates stronger global economic growth for the remainder of 2015. Economic growth is expected to increase in the U.S. and Europe, though conditions in certain developing economies, including Indonesia, China, Russia and Ukraine, are expected to remain weak. The net impact is expected to provide a catalyst for increased sales growth over the remainder of the year relative to the 7% constant currency value-added sales growth experienced in the first quarter. The company expects full-year constant currency value-added sales growth, excluding the impact of Nubiola, in line with prior guidance of approximately 10% - 11%, offset by an unfavorable impact of currency translation estimated at 13%. The effective tax rate for the first quarter of 2015 was 16% due to the company’s ability to recognize certain tax assets previously fully reserved. For the full year, the company expects the effective tax rate to be in the range of 24% - 25%. Given these expectations, and assuming closing of the Nubiola transaction within the next 60 days, the company is increasing its adjusted earnings per share guidance to $0.89 - $0.96 compared with prior guidance of $0.85 - $0.90 per diluted share.

Ferro Corporation, Q1 2015 Earnings Call, Apr 30, 2015

Ferro Corporation, Q1 2015 Earnings Call, Apr 30, 2015

Ferro Corporation, Annual General Meeting, Apr 24, 2015

Ferro Corporation, Annual General Meeting, Apr 24, 2015., at 09:00 US Eastern Standard Time. Location: Cleveland Marriott East. Agenda: To consider the election of six Directors; to consider the management proposal regarding a change to the minimum size of the Board of Directors; to consider the ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2015; to vote in a non-binding advisory capacity to approve the named executive officer compensation; and to transact such other business as may properly come before the 2015 Annual Meeting or any adjournment or postponement thereof.

 

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Industry Analysis

FR9

Industry Average

Valuation FR9 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.1x
Price/Book 4.0x
Price/Cash Flow 15.1x
TEV/Sales 0.7x
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