Last $15.42 USD
Change Today -0.58 / -3.62%
Volume 451.6K
GSM On Other Exchanges
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As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

globe specialty metals inc (GSM) Snapshot

Open
$15.82
Previous Close
$16.00
Day High
$16.22
Day Low
$15.31
52 Week High
03/21/14 - $22.00
52 Week Low
01/30/15 - $15.31
Market Cap
1.1B
Average Volume 10 Days
282.5K
EPS TTM
$0.31
Shares Outstanding
73.7M
EX-Date
12/4/14
P/E TM
49.4x
Dividend
$0.30
Dividend Yield
1.95%
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. Presents at Goldman Sachs 2014 Metals, Mining & Steel Conference, Nov-19-2014 through Nov-20-2014

Globe Specialty Metals, Inc. Presents at Goldman Sachs 2014 Metals, Mining & Steel Conference, Nov-19-2014 through Nov-20-2014. Venue: Goldman Sachs Conference Center, 200 West Street, New York, New York, United States. Presentation Date & Speakers: Nov-19-2014, Jeffrey K. Bradley, Chief Executive Officer and Chief Operating Officer.

Globe Specialty Metals, Inc. Presents at Cowen Group 5th Annual Global Metals, Mining and Materials Conference, Nov-11-2014 04:20 PM

Globe Specialty Metals, Inc. Presents at Cowen Group 5th Annual Global Metals, Mining and Materials Conference, Nov-11-2014 04:20 PM. Venue: The Sheraton New York Times Square Hotel, New York, New York, United States.

Globe Specialty Metals, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014; Declares Quarterly Dividend, Payable on December 22, 2014

Globe Specialty Metals, Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported net sales of $206.083 million compared to $172.994 million a year ago. Operating income was $21.901 million compared to operating loss of $4.424 million a year ago. Income before provision for income taxes was $20.409 million compared to loss of $9.534 million a year ago. Net income attributable to company was of $11.702 million or $0.16 per basic and diluted share compared to loss of $6.852 million or $0.09 per basic and diluted share a year ago. EBITDA was $33.196 million compared to $6.569 million a year ago. Net cash provided by operating activities was of $24.889 million compared to $38.694 million a year ago. Capital expenditures were $16.836 million compared to $7.203 million a year ago. Adjusted EBITDA in the first quarter was $34.6 million, up 62% compared to $21.402 million from the first quarter of last year and up 5% from the prior quarter. First quarter fiscal 2015 results were negatively impacted by $0.3 million after-tax related to transaction fees and due diligence expenses, $1.3 million after-tax for expenses related to the start-up of Siltech (acquired November 2013), and $1.0 million after-tax related to loss of profits from business interruption at one of their North America plants. Adjusted diluted EPS, excluding above items were $0.19 compared to $0.08 a year ago. Results were driven by strong EBITDA performance, which increased 62% from the prior year and 5% from the prior quarter on an adjusted basis. Net income improved 304% year-over-year and 9% when compared to the fourth quarter, illustrating the strong overall operating performance of the company during the quarter. The company announced that its Board of Directors on November 5, 2014 authorized a quarterly dividend of $0.075 per share payable on December 22, 2014 to shareholders of record at the close of business on December 8, 2014.

 

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GSM

Industry Average

Valuation GSM Industry Range
Price/Earnings 36.1x
Price/Sales 1.5x
Price/Book 2.8x
Price/Cash Flow 35.8x
TEV/Sales 1.1x
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