A summary of Spain-based Ferroglobe's financial results for the fourth-quarter and full-year 2020, published by the company on Tuesday March 2.
In briefFerrosilicon revenue declined by 29% to $1.14 billion for the year ended December 31, 2020, from $1.62 billion in 2019. The drop was attributed to the impact of Covid-19 on volumes and pricing across all products.The full-year adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) totaled $32.8 million compared with $29.2 million in 2019.In the fourth quarter, however, the company's adjusted Ebitda was $5.7 million compared with $22.2 million in the third quarter of 2020.Gross debt was $473 million in the fourth quarter, up from $442 million the prior quarter,...