Ferroglobe PLC (GSM), released Q1 details. Q1 2023 revenue of $400.9 million, down 11% over the prior quarter Q1 2023 adjusted EBITDA of $44.8 million, down 66% over the prior quarter Q1 2023 adjusted EBITDA margins were down at 11.2% versus 29.1% in the prior quarter and 33.7%% in Q1 2022 Q1 2023 Adjusted EPS was $.05 versus $.39 in Q4 and $.88 in Q1-22 Gross debt declined to $400 million, down from $450 million in Q4 and $518 in Q1-22 Net debt declined to $55 million, down from $127 million in Q4 and $342 in Q1-22
$100 million available from our ABL facility completely undrawn in Q1 Total cash increased to $344 million, up from $323 million in Q4-22 and $176 million in Q1-22 Seems to me these numbers are bearish.
[link] [comments] https://www.reddit.com/r/stocks/comments/13dl667/gsm_q1_2023_disappointing_financials/
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