Ferro: momentum continues with strong organic growth in the fourth quarter

  Company financial news

Net sales increased 34.2%; organic sales growth 9.2%; GAAP diluted EPS; adjusted EPS increased 7.4%; net income improved; adjusted EBITDA grew.

Ferro has reported results for the fourth quarter ended 31 December 2017
Ferro Corporation, a leading global supplier of technology-based functional coatings and colour solutions, has reported results for the fourth quarter ended 31 December 2017. 
Fourth quarter financial and operating highlights include net sales increased 34.2% to USD 377.5M, organic sales growth was 9.2% on a constant currency basis, GAAP diluted EPS improved to a loss of USD 0.10 versus a loss of USD 0.25, adjusted EPS increased 7.4% to USD 0.29, net income improved to a loss of USD 8.7M compared to a loss of USD 20.9M, adjusted EBITDA grew 20.1% to USD 54.3M.
Full Year Financial and Operating Highlights show: net sales increased 22.0% to USD 1,396.7M, organic sales growth was 7.3% on a constant currency basis, GAAP diluted EPS improved to USD 0.67 versus a loss of USD 0.25, adjusted EPS increased 18.3% to USD 1.29, net Income improved to USD 57.1M compared to a loss of USD 20.8M, adjusted EBITDA grew 20.3% to USD 234.2M.
Ferro supplies functional coatings for glass, metal, ceramic and other substrates and colour solutions in the form of specialty pigments and colorants for a broad range of industries and applications. Ferro products are sold into the building and construction, automotive, electronics, industrial products, household furnishings and appliance markets. The company’s reportable segments include: Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Headquartered in Mayfield Heights, Ohio, the company ...
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