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Last $17.48 USD
Change Today -0.01 / -0.06%
Volume 270.1K
GSM On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

globe specialty metals inc (GSM) Snapshot

Open
$17.46
Previous Close
$17.49
Day High
$17.72
Day Low
$17.38
52 Week High
04/2/15 - $21.99
52 Week Low
02/10/15 - $15.11
Market Cap
1.3B
Average Volume 10 Days
390.7K
EPS TTM
$0.65
Shares Outstanding
73.7M
EX-Date
06/8/15
P/E TM
26.8x
Dividend
$0.32
Dividend Yield
1.77%
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
Total Annual Compensation: $650.0K
Chief Legal Officer and Corporate Secretary
Total Annual Compensation: $555.0K
Compensation as of Fiscal Year 2014.

globe specialty metals inc (GSM) Key Developments

Globe Specialty Metals, Inc. Announces Quarterly Dividend, Payable on June 24, 2015; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

On May 5, 2015, the board of directors of Globe Specialty Metals, Inc. approved a quarterly dividend of $0.08 per share, payable on June 24, 2015 to shareholders of record at the close of business on June 10, 2015. The company announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported net sales were $194.65 million against $196.06 million a year ago. Operating income was $15.85 million against $7.74 million a year ago. Income from continuing operations before income taxes was $14.56 million against $4.73 million a year ago. Net income attributable to the company was $7.72 million against $1.56 million a year ago. Diluted earnings per share were $0.10 against $0.02 a year ago. EBITDA was $29.14 million against $17.05 million a year ago. Net cash provided by operating activities was $7.52 million against net cash used in operating activities of $23.43 million a year ago. Capital expenditures were $10.53 million against $9.95 million a year ago. Adjusted diluted earnings per share attributable to GSM for the third quarter were $0.20, up 43% from third quarter of last year of $0.14. Adjusted net income of $15.1 million for the third quarter of fiscal 2015 was up 46% compared to the third quarter of fiscal 2014 of $10.34 million. Adjusted EBITDA, excluding special items were $37.98 million against $29.468 million a year ago. Third quarter fiscal 2015 results were negatively impacted by $5.1 million after-tax for transaction related fees and due diligence expenses, and by $0.9 million after-tax due to the re-measurement of stock option liability. Net debt was higher quarter-over-quarter based on higher inventory balances and accounts receivable as well as deal transaction cost. Even though sales were down slightly, gross margin percent increased by 420 basis points year-over-year and increased by 40% -- or 40 basis points sequentially. This performance resulted in adjusted EBITDA increasing 29% to $38 million year-over-year and increasing 2% sequentially. On a reported basis, results were lower than the second quarter of fiscal 2015, with lower sales due to weather-related shipping delays. For the nine months, the company reported net sales were $598.75 million against $547.46 million a year ago. Operating income was $55 million against loss of $4.06 million a year ago. Income from continuing operations before income taxes was $51.27 million against $15.59 million a year ago. Net income attributable to the company was $29.4 million against $15.48 million a year ago. Diluted earnings per share were $0.40 against $0.21 a year ago. EBITDA was $92.48 million against $56.62 million a year ago. Net cash provided by operating activities was $50.28 million against $41.22 million a year ago. Capital expenditures were $41.16 million against $28.02 million a year ago. Adjusted EBITDA, excluding special items were $109.99 million against $77.2 million a year ago. Adjusted diluted EPS, excluding special items was $0.61 against $0.35 a year ago. Adjusted net income attributable to GSM was $45 million against $26.52 million a year ago.

Globe Specialty Metals, Inc., Q3 2015 Earnings Call, May 07, 2015

Globe Specialty Metals, Inc., Q3 2015 Earnings Call, May 07, 2015

Globe Specialty Metals, Inc. - M&A Call

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Industry Analysis

GSM

Industry Average

Valuation GSM Industry Range
Price/Earnings 45.6x
Price/Sales 1.6x
Price/Book 3.0x
Price/Cash Flow 45.5x
TEV/Sales 1.3x
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