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EX-99.1 - EX-99.1 - FERRO CORPexhibit1.htm
 

 


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):   February 24, 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 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))


Item 2.02 Results of Operations and Financial Condition.

On Monday, February 24, 2014, Ferro Corporation ("the Company") issued a press release that discussed financial results for the three-month and twelve-month periods ended December 31, 2013 and provided the Company’s outlook for 2014. The press release also provided information regarding a conference call to be held on Tuesday, February 25, 2014 in which the Company’s management will discuss the financial results and outlook. Among other things, the press release reports:

Three Months Ended December 31, 2013
Net Sales: $374.3 million
Gross Profit: $78.6 million
Net Income (Loss) Attributable to Common Shareholders: $60.5 million
Diluted Earnings (Loss) Per Share Attributable to Common Shareholders: $0.69

Three Months Ended December 31, 2012
Net Sales: $399.8 million
Gross Profit: $57.3 million
Net Income (Loss) Attributable to Common Shareholders: $(63.9) million
Diluted Earnings (Loss) Per Share Attributable to Common Shareholders: $(0.74)

Twelve Months Ended December 31, 2013
Net Sales: $1,635.4 million
Gross Profit: $329.7 million
Net Income (Loss) Attributable to Common Shareholders: $71.9 million
Diluted Earnings (Loss) Per Share Attributable to Common Shareholders: $0.82

Twelve Months Ended December 31, 2012
Net Sales: $1,744.6 million
Gross Profit: $289.6 million
Net Income (Loss) Attributable to Common Shareholders: $(374.3) million
Diluted Earnings (Loss) Per Share Attributable to Common Shareholders: $(4.34)





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1: Press release






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
          
February 24, 2014   By:   Jeffrey L. Rutherford
       
        Name: Jeffrey L. Rutherford
        Title: Vice President and Chief Financial Officer


Exhibit Index


     
Exhibit No.   Description

 
99.1
  Press Release