8-K Earnings Release

 

 

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

 

 

 

 

 

 

Date of Report (Date of earliest event reported):

 

October 27, 2014

 

Ferro Corporation

__________________________________________

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

 

Ohio

1-584

34-0217820

_____________________

(State or other jurisdiction

_____________

(Commission

______________

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)

 

 

 

6060 Parkland Boulevard, Mayfield

Suite 250

Heights, Ohio

 

44124

_______________________________ (Address of principal executive offices)

 

___________

(Zip Code)

 

 

 

 

 

 

 

 

Registrant’s telephone number, including area code:

 

216-875-5600

 

Not Applicable

______________________________________________

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

 

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Item 2.02 Results of Operations and Financial Condition.

On Monday,  October 27, 2014, Ferro Corporation ("the Company") issued a press release that discussed financial results for the three-month and nine-month periods ended September 30, 2014 and provided the Company’s outlook for the remainder of 2014. The press release also provided information regarding a conference call to be held on Tuesday,  October 28, 2014 in which the Company’s management will discuss the financial results and outlook. Among other things, the press release reports:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions, except per share amounts)

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2014

 

2013

 

2014

 

2013

Net sales

 

$

275,754 

 

$

298,083 

 

$

850,698 

 

$

912,738 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

72,804 

 

 

72,103 

 

 

226,211 

 

 

210,998 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Ferro Corporation common shareholders

 

 

47,465 

 

 

12,652 

 

 

74,629 

 

 

11,405 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share attributable to Ferro Corporation common shareholders

 

 

0.55 

 

 

0.15 

 

 

0.86 

 

 

0.14 

 

 

 

 

 

 

 

 

 

 

 

 

Twelve Months Ended

 

Twelve Months Ended

 

 

September 30,

 

December 31,

 

 

2014

 

2013

Gross profit

 

$

292,886

 

$

277,672

 

A copy of the press release is attached hereto as Exhibit 99.1.

 

 

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit 99.1: Press release

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ferro Corporation

 

 

 

 

 

October 27, 2014

 

By:

 

Jeffrey L. Rutherford

 

 

 

 

 

 

 

 

 

 

 

Name: Jeffrey L. Rutherford

 

 

 

 

Title: Vice President and Chief Financial Officer

 

 

 

 

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Exhibit Index

 

Exhibit No.Description

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99.1Press Release