Globe Specialty Metals: Fourth Quarter Earnings Overview

Globe Specialty Metals Inc. Reports Fourth Quarter Financial Results

Globe Specialty Metals Inc., headquartered in London, announced on Tuesday that it recorded a net loss of $81 million for the fourth quarter.

According to the company, this equates to a loss of $0.43 per share. When excluding one-time charges and pretax items, the adjusted loss was $0.06 per share.

The manufacturer, known for producing silicon metal and silicon-based alloys, generated $329.4 million in revenue during the quarter.

For the full fiscal year, Globe Specialty Metals Inc. reported a total net loss of $170.7 million, or $0.91 per share, with annual revenue reaching $1.34 billion.