Globe Specialty Metals: Q1 Earnings Snapshot
May 17, 2021
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LONDON (AP) Globe Specialty Metals Inc. (GSM) on Monday reported a loss of $67.4 million in its first quarter.
On a per-share basis, the London-based company said it had a loss of 40 cents. Losses, adjusted for restructuring costs and pretax expenses, were 24 cents per share.
The producer of silicon metal and silicon-based alloys posted revenue of $361.4 million in the period.
In the final minutes of trading on Monday, the company s shares hit $4.73. A year ago, they were trading at 69 cents.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSM at https://www.zacks.com/ap/GSM
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WASHINGTON, Feb. 23, 2021 /PRNewswire/ American manufacturers Globe Specialty Metals, Inc., a subsidiary of Ferroglobe PLC (NASDAQ:GSM) ( GSM ), and Mississippi Silicon LLC ( MS ), representing the majority of American silicon metal production, today applauded news that the U.S. Department of Commerce ( Commerce ) will impose final antidumping (AD) and countervailing (CVD) duties of up to 160% on silicon metal imports from Bosnia and Herzegovina, Iceland, and Kazakhstan.
Next, the U.S. International Trade Commission (ITC) will vote whether to affirm its preliminary decision that these imports have injured the U.S. industry. Assuming the outcome is affirmative, formal orders will be published shortly thereafter. The ITC is scheduled to vote on March 24.
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