Lower silicon prices weigh on Globe results

May 07, 2012 | 04:40 PM | Suzy Waite

Tags  Globe Specialty Metals, fiscal third quarter earnings, silicon, Bridgeport Alabama, Suzy Waite

NEW YORK — Globe Specialty Metals Inc.’s net income fell in its fiscal third-quarter under the weight of low metals prices, even as the silicon producer experienced an uptick in shipments and sales after completing maintenance outages at its four U.S. facilities.

The New York-based silicon producer reported net income of $11.6 million during the three months ended March 31, down 13.6 percent from $13.4 million in its fiscal second quarter and down 50.4 percent from $23.4 million in the same year-ago quarter. ....

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