Ferroglobe PLC (NASDAQ: GSM), a leading global producer of silicon metal and specialty alloys, witnessed a 5.50% surge in its stock price during the after-hours trading session on Wednesday.
The after-hours rally was driven by the company's better-than-expected fourth quarter and full-year 2024 financial results. Despite facing challenges in certain markets, Ferroglobe reported adjusted EBITDA of $153.8 million for the full year, exceeding its guidance range. The company also generated robust free cash flow of $164.1 million, enabling it to strengthen its balance sheet and initiate a capital return program.
Furthermore, Ferroglobe provided an optimistic outlook for 2025, introducing adjusted EBITDA guidance of $100 million to $170 million. The company expects demand recovery in the second half of the year, supported by favorable trade measures in the U.S. and Europe aimed at ensuring fair competition and stabilizing the market. With its strong local presence in both regions, Ferroglobe is well-positioned to benefit from these trade measures.
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