IHS Chemical Week

Services :: Financial

Ferro swings to profit as cost-cutting measures take hold

3:49 PM MDT | October 23, 2013 | Vincent Valk

Ferro today reported it swung to a third-quarter profit of $12.7 million, or 15 cts/share, compared with a loss of $316.1 million in the year-ago period. On and adjusted bases, net income totaled $12.5 million, or 14 cts/share, compared with a loss of $1.9 million in the year-ago period. Adjust earnings beat analysts’ consensus estimate of 10 cts/share, as reported by Thomson Reuters (New York). Net sales declined 0.2% year-on-year (YOY), to $408.1 million. Adjusting for the exit of the solar pastes business and excluding precious metals sales, sales rose...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa