Ferroglobe Reports Third Quarter 2026 Financial Results and Announces Profitability Improvement Plan

Ferroglobe reported Q3 2026 sales of $369.8 million, down 2.3% sequentially but up 18.6% year over year, and adjusted EBITDA of negative $2.4 million. The company attributed the loss primarily to higher energy costs linked to the Middle East conflict and excess ferrosilicon imports into Europe. Its profitability plan includes closing five plants and cutting overhead costs by 20%, targeting $85 million to $115 million in adjusted EBITDA improvement at full run rate. Chief Legal Officer and Group Company Secretary Thomas Wiesner will step down effective November 4, 2026.