OverviewSuggest Edit

Ferro is a producer of specialty materials and chemicals that are sold to a range of manufacturers. It offers frits, porcelain, and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings. Ferro's products are used in appliances, automobiles, building and renovation, electronics, household furnishings, industrial products, packaging, and sanitary applications.
TypePublic
Founded1919
HQMayfield Heights, OH, US
Websiteferro.com
Employee Ratings3.3
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)5,615(-5%)
Job Openings38
Revenue (FY, 2020)$959 M(-5%)
Share Price (Nov 2021)$21.4
Cybersecurity ratingBMore
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Key People/Management at Ferro

Peter Thomas

Peter Thomas

Chairman, President, Chief Executive Officer
Ben Schlater

Ben Schlater

Group Vice President, Chief Financial Officer
Mark Duesenberg

Mark Duesenberg

Vice President, General Counsel and Secretary
Barry Misquitta

Barry Misquitta

Chief Commercial Officer
Matthias Bell

Matthias Bell

Group Vice President, Global Operations
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Ferro Office Locations

Ferro has offices in Mayfield Heights, Cleveland, Edison, Independence and in 39 other locations
Mayfield Heights, OH, US (HQ)
6060 Parkland Blvd #250
Cleveland, OH, US
4150 E 56th St
Edison, NJ, US
54 Kellogg Ct
Independence, OH, US
7500 E Pleasant Valley Rd
King of Prussia, PA, US
416 E Church Rd
Norcross, GA, US
6369 Peachtree St
Show all (57)

Ferro Financials and Metrics

Ferro Revenue

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Ferro's revenue was reported to be $958.95 m in FY, 2020 which is a 5.8% decrease from the previous period.
USD

Revenue (Q1, 2021)

288.4m

Gross profit (Q1, 2021)

95.1m

Gross profit margin (Q1, 2021), %

33%

Net income (Q1, 2021)

108.4m

Market capitalization (12-Nov-2021)

1.8b

Closing stock price (12-Nov-2021)

21.4

Cash (31-Mar-2021)

128.4m

EV

2.0b
Ferro's current market capitalization is $1.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.6b1.0b959.0m

Revenue growth, %

15%(37%)(6%)

Cost of goods sold

1.2b709.6m665.2m

Gross profit

455.9m308.8m293.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

387.5m393.9m365.7m252.3m204.8m241.9m288.4m

Cost of goods sold

285.7m285.6m265.4m171.6m141.1m171.7m193.3m

Gross profit

101.9m108.3m100.3m80.7m63.7m70.2m95.1m

Gross profit Margin, %

26%27%27%32%31%29%33%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

104.3m96.2m174.1m

Accounts Receivable

306.9m135.8m137.0m

Inventories

357.0m264.6m260.3m

Current Assets

883.3m883.2m969.8m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

80.9m7.4m44.0m

Depreciation and Amortization

54.0m55.9m40.3m

Inventories

(33.9m)(10.6m)36.5m

Accounts Payable

35.9m(10.1m)(26.7m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

13.9m25.0m38.2m16.1m11.0m25.9m108.4m

Depreciation and Amortization

14.3m28.4m42.0m10.5m20.9m30.7m11.1m

Inventories

(12.7m)(15.1m)(9.2m)(11.3m)(34.8m)10.0m(2.5m)

Accounts Payable

(43.7m)(58.5m)(63.5m)(39.7m)(45.1m)(78.6m)(2.7m)
USDFY, 2018

EV/CFO

11.1 x

Revenue/Employee

266.1k

Debt/Equity

2.1 x

Debt/Assets

0.5 x

Financial Leverage

4.7 x

P/E Ratio

16.7
Show all financial metrics

Ferro Operating Metrics

FY, 2018FY, 2019FY, 2020

Countries

10911098

Manufacturing Facilities

525248
Show all operating metrics

Ferro Acquisitions / Subsidiaries

Company NameDateDeal Size
Quimicer, S.A.October 01, 2018$37.4 m
UWiZ Technology Co., Ltd.September 25, 2018$26.9 m
Ernst Diegel GmbhAugust 31, 2018$14 m
MRA Laboratories, Inc.July 12, 2018$16 m
PT Ferro Materials UtamaJune 29, 2018$2.7 m
Endeka GroupOctober 02, 2017$84 m
Gardenia QuímicaAugust 03, 2017
Dip-TechAugust 02, 2017$77 m
Smalti per Ceramiche, s.r.l.April 24, 2017
S.P.C. Group s.r.l.April 24, 2017
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Ferro Revenue Breakdown

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Ferro revenue breakdown by business segment: 36.6% from Color Solutions and 63.4% from Functional Coatings

Ferro revenue breakdown by geographic segment: 35.6% from United States, 41.3% from EMEA, 14.7% from Asia Pacific and 8.4% from Latin America

Ferro Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Ferro Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Ferro Online and Social Media Presence

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Ferro Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    C

    66/100

  • Compensation

    B

    74/100

Learn more on Comparably

Ferro News and Updates

Worldwide Ferroalloys Industry to 2028 - Featuring Jindal, Glencore and Ferro Alloys Among Others

DUBLIN, Oct. 29, 2021 /PRNewswire/ -- The "Ferroalloys Market Size, Share & Trends Analysis Report By Product (Ferrochrome, Ferromanganese), By Application (Carbon & Low Alloy Steel, Stainless Steel), By Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets...…

Worldwide PVC Pipes Industry to 2026 - Featuring Hebei Bosoar Pipe, Pipelife Austria and Plasticos Ferro Among Others

Dublin, Aug. 25, 2021 (GLOBE NEWSWIRE) -- The "PVC Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global PVC pipes market reached a volume of 21.32 Million Tons in 2020. Looking forward,…

Ferro Corp. (FOE) falls -0.2320% for June 10

Ferro Corp. (NYSE: FOE) shares fell -0.2320% to end trading Thursday at $21.47 per share - a net change of $-0.05. Shares traded between $21.58 and $21.45 throughout the day.

Monteverde & Associates PC Announces an Investigation of Ferro Corp

Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Ferro Corp. ("FOE" or the "Company")…

Paint maker Ferro to be acquired by Prince International in $2.1 billion all-cash deal

Ferro Corp. shares FOE, -0.23% soared 22% in premarket trade Tuesday, after the paint maker said it has agreed to be acquired by Prince International Corp. for $2.1 billion in cash. Under the terms of the deal, Prince, a unit of American Securities LLC, will pay $22 per Ferro share, equal to a 25.1%…

Ferro Schedules Conference Call for First Quarter 2021 Results

Ferro Corporation (NYSE: FOE) today announced the following details for its first quarter 2021 conference call.
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Ferro Frequently Asked Questions

  • When was Ferro founded?

    Ferro was founded in 1919.

  • Who are Ferro key executives?

    Ferro's key executives are Peter Thomas, Ben Schlater and Mark Duesenberg.

  • How many employees does Ferro have?

    Ferro has 5,615 employees.

  • What is Ferro revenue?

    Latest Ferro annual revenue is $959 m.

  • What is Ferro revenue per employee?

    Latest Ferro revenue per employee is $170.8 k.

  • Who are Ferro competitors?

    Competitors of Ferro include Celanese, Huntsman Corporation and Eastman.

  • Where is Ferro headquarters?

    Ferro headquarters is located at 6060 Parkland Blvd #250, Mayfield Heights.

  • Where are Ferro offices?

    Ferro has offices in Mayfield Heights, Cleveland, Edison, Independence and in 39 other locations.

  • How many offices does Ferro have?

    Ferro has 57 offices.