Globe back in black as silicon metal improves

Feb 07, 2014 | 10:39 AM | Michael Cowden

Tags  Globe Specialty Metals, Jeff Bradley, earnings report, silicon, silicon-based alloys, silicon metal, silicon metal prices, imports trade petition

CHICAGO — Globe Specialty Metals Inc. swung back into the black in its fiscal second quarter thanks to better prices for silicon metal, increased sales of silicon-based alloys and the end of a lengthy lockout at a plant in Quebec.

The New York-based silicon metal and silicon-based alloys producer posted net income of $13.47 million on sales of $178.41 million for the three months ended Dec. 31 after recording a $6.85-million net loss in its fiscal first quarter on sales of $172.99 million, according to earnings data released after the close of markets Feb. 6.....

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