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People & Business :: Earnings/Finance

Ferro raises 2015 earnings targets

10:11 AM MDT | September 9, 2013 | Vincent Valk

Ferro has raised its 2015 earnings target to $1/share or higher, up from 90 cts to $1/share previously, as the company has entered into an agreement with a consulting firm to review its procurement programs and indirect costs. The firm, Procurian (King of Prussia, PA), will review Ferro’s facilities, IT and telecommunications, professional and contract services, equipment, logistics, and travel. The company spends about $325 million/year on these activities, Ferro says. Meanwhile, another consulting firm, Capgemini (Paris), will review Ferro’s back...

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