Ferro corporation (FOE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

252,326

-4,646

365,728

393,902

263,382

-134,711

395,163

416,239

405,532

-22,817

350,012

348,632

320,555

281,337

288,527

297,977

277,451

264,990

279,365

268,214

262,772

260,928

275,754

294,217

280,727

153,953

298,083

319,022

417,524

-77,141

408,865

475,546

460,425

417,756

546,114

593,974

573,009

528,564

543,485

Cost of sales

171,588

-27,054

265,437

285,644

185,523

-123,628

289,676

289,594

286,846

-38,784

246,396

240,290

221,761

196,542

199,546

199,604

193,222

188,613

202,337

190,574

192,137

202,054

202,950

215,763

205,774

102,810

225,980

243,833

338,287

-78,289

348,155

389,728

374,704

353,434

442,304

479,627

452,683

408,268

421,155

Gross profit

80,738

22,408

100,291

108,258

77,859

-11,083

105,487

126,645

118,686

15,967

103,616

108,342

98,794

84,795

88,981

98,373

84,229

76,377

77,028

77,640

70,635

58,874

72,804

78,454

74,953

51,143

72,103

75,189

79,237

1,148

60,710

85,818

85,721

64,322

103,810

114,347

120,326

120,296

122,330

Selling, general and administrative expenses

56,046

16,186

67,723

71,645

56,931

12,387

64,344

70,124

73,092

28,922

65,941

62,981

59,446

61,181

55,588

57,871

52,646

66,331

48,417

52,695

49,456

134,417

51,716

49,260

51,369

-21,278

52,589

57,850

61,592

69,162

63,863

66,304

72,508

114,318

65,766

73,548

76,818

74,835

69,852

Restructuring and impairment charges

1,165

-7,271

6,226

10,260

1,740

-3,319

2,561

3,768

4,106

810

1,471

3,224

3,018

14,213

26

787

881

4,186

3,844

1,116

509

1,020

1,521

1,958

4,350

14,843

3,562

13,070

9,454

21,990

198,695

4,728

311

12,986

869

1,545

1,630

9,570

21,205

Other expense (income):
Interest expense

5,530

1,354

8,138

8,515

6,295

-1,056

8,553

8,200

7,962

726

7,248

6,449

6,224

5,968

5,304

5,428

4,847

5,026

3,877

3,110

3,150

3,444

3,635

4,673

4,511

2,804

5,039

5,012

7,297

1,346

6,716

6,476

6,374

5,982

7,030

7,352

6,826

10,519

13,766

Interest earned

254

2,272

93

149

811

3,175

110

186

201

2,412

201

175

180

216

214

115

85

172

97

57

37

66

23

14

15

100

48

70

53

119

57

51

84

92

50

69

74

78

133

Foreign currency losses (gains), net

1,315

-2,325

-3,497

-1,380

-1,964

719

-2,554

-2,660

-1,840

2,135

-1,021

-4,868

314

-10,039

-867

-389

-1,611

1,263

-1,203

-2,827

-1,728

-116

330

-27

-1,346

-259

-1,305

-1,135

-1,506

-1,375

-869

221

-144

-709

-1,726

-1,013

-1,310

-398

302

Loss on extinguishment of debt

-

-

-

-

-

-

-

-3,200

-

0

0

0

-3,905

-

-

-

-

-

-

-

-

-

-14,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,331

-

Miscellaneous expense (income), net

1,463

-13,456

2,139

-359

-46

-12,597

-74

1,372

-775

3,758

2,182

-1,071

2,564

-18,996

-705

-669

3,453

-343

-467

161

-399

3,416

180

-3,456

-762

6,216

470

-916

10,516

1,483

-797

-1,845

-396

-2,069

-64

124

-518

-7,345

3,571

Income before income taxes

21,029

-1,370

16,939

16,248

11,694

-27,798

27,511

40,225

31,112

-6,186

30,318

29,924

29,259

-25,386

26,705

33,344

27,782

1,926

19,317

18,110

15,430

-76,673

2,113

19,094

12,630

60,831

10,126

-2,724

9,957

-91,123

-210,173

6,737

6,072

-71,695

28,405

31,082

33,298

-1,624

21,513

Income tax expense

5,100

-3,649

3,729

5,139

2,900

-15,116

11,368

10,364

7,514

23,227

7,353

8,695

7,138

-4,791

6,157

8,484

8,018

-57,030

3,792

5,679

2,459

-46,575

4,680

5,186

2,482

10,616

312

2,341

1,016

-15,498

105,447

4,859

2,809

-12,493

9,057

11,461

10,107

738

13,919

Income from continuing operations

15,912

-

-

-

8,801

-

-

-

-

-

-

-

-

-20,595

20,548

24,860

19,764

58,956

15,525

12,431

12,971

-30,098

-2,567

13,908

10,148

50,215

9,814

-5,065

8,941

-75,625

-315,620

1,878

3,263

-

-

-

-

-

-

Income from discontinued operations, net of income taxes

221

-

-

-

5,077

-

-

-

-

-

-

-

-

0

-29,222

-5,748

-29,494

-8,091

-19,086

-5,646

-3,956

41,652

50,124

-3,520

6,584

10,648

3,230

3,083

-8,421

12,153

-118

328

707

-

-

-

-

-

-

Net income

16,133

-30,782

13,210

11,109

13,878

11,344

16,143

29,861

23,598

-8,547

22,965

21,229

22,121

-20,595

-8,674

19,112

-9,730

50,865

-3,561

6,785

9,015

11,554

47,557

10,388

16,732

60,863

13,044

-1,982

520

-63,472

-315,738

2,206

3,970

-57,026

19,348

19,621

23,191

-2,362

7,594

Less: Net income attributable to noncontrolling interests

10

475

390

238

274

368

85

193

207

139

148

204

223

341

210

143

236

275

498

186

-1,955

111

92

429

-472

326

392

148

-363

404

376

330

124

157

40

232

301

983

494

Dividends on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

165

165

165

Net income attributable to Ferro Corporation common shareholders

16,123

-31,257

12,820

10,871

13,604

10,976

16,058

29,668

23,391

-8,686

22,817

21,025

21,898

-20,936

-8,884

18,969

-9,966

50,590

-4,059

6,599

10,970

11,443

47,465

9,959

17,204

60,537

12,652

-2,130

883

-63,876

-316,114

1,876

3,846

-57,183

19,308

19,389

22,725

-3,510

6,935

Amounts attributable to Ferro Corporation:
Loss from discontinued operations, net of income taxes

221

-

-

-

5,077

-

-

-

-

-

-

-

-

0

-29,222

-5,748

-29,494

-8,091

-19,086

-5,646

-3,956

41,652

50,124

-3,520

6,584

10,648

3,230

3,083

-8,421

12,153

-118

328

707

-

-

-

-

-

-

Income attributable to Ferro Corporation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-57,183

19,308

19,389

22,890

-3,345

7,100

Earnings per share attributable to Ferro Corporation common shareholders:
Basic earnings:
Continuing operations

0.19

-

-

-

0.10

-

-

-

-

-

-

-

-

-0.25

0.24

0.30

0.23

0.68

0.17

0.14

0.17

-0.34

-0.03

0.15

0.12

0.57

0.11

-0.06

0.11

-0.88

-3.66

0.02

0.03

-

-

-

-

-

-

Discontinued operations

-

-

-

-

0.06

-

-

-

-

-

-

-

-

0.00

-0.35

-0.07

-0.35

-0.09

-0.22

-0.06

-0.05

0.47

0.58

-0.04

0.08

0.12

0.04

0.04

-0.10

0.14

0.00

0.00

0.01

-

-

-

-

-

-

Basic earnings

0.19

-0.38

0.16

0.13

0.16

0.13

0.19

0.35

0.28

-0.10

0.27

0.25

0.26

-0.25

-0.11

0.23

-0.12

0.59

-0.05

0.08

0.12

0.13

0.55

0.11

0.20

0.69

0.15

-0.02

0.01

-0.74

-3.66

0.02

0.04

-0.66

0.22

0.23

0.26

-0.04

0.08

Diluted earnings:
Continuing operations

0.19

-

-

-

0.10

-

-

-

-

-

-

-

-

-0.25

0.24

0.29

0.23

0.66

0.17

0.14

0.17

-0.34

-0.03

0.15

0.12

0.56

0.11

-0.06

0.11

-0.88

-3.66

0.02

0.03

-

-

-

-

-

-

Discontinued operations

-

-

-

-

0.06

-

-

-

-

-

-

-

-

0.01

-0.35

-0.07

-0.35

-0.10

-0.22

-0.06

-0.04

0.47

0.58

-0.04

0.08

0.12

0.04

0.04

-0.10

0.14

0.00

0.00

0.01

-

-

-

-

-

-

Diluted earnings

0.19

-0.38

0.16

0.13

0.16

0.13

0.19

0.35

0.27

-0.11

0.27

0.25

0.26

-0.24

-0.11

0.22

-0.12

0.56

-0.05

0.08

0.13

0.13

0.55

0.11

0.20

0.68

0.15

-0.02

0.01

-0.74

-3.66

0.02

0.04

-0.65

0.22

0.22

0.26

-0.04

0.08