COVID-19 CONTACT ABOUT NEWS & EVENTS CAREERS INVESTORS PRODUCTS + SERVICES INNOVATION RESOURCE CENTER NEWS & EVENTS PRESSROOM PRESS RELEASES EVENTS FERRO > NEWS & EVENTS > PRESS RELEASES > FERRO REPORTS THIRD QUARTER 2018 RESULTS MEDIA INQUIRY FERRO REPORTS THIRD QUARTER 2018 RESULTS November 08, 2018 Strong Organic Growth and Momentum toward Vision 2020 Continues Third Quarter Financial and Operating Highlights *: Net Sales increased 12.9% to $395.2 million Organic sales grew 7.3% on a constant currency basis GAAP EPS declined 29.6% to $0.19, while Adjusted EPS improved 12.1% to $0.37 Cash flows from operating activities expanded 267% to $73.4 million Adjusted Free Cash Flow expanded 280% to $79.1 million $27.5 million of common stock repurchased from the beginning of 2018 through November 7. Board has authorized an additional $50 million repurchase Full year 2018 guidance reaffirmed at lower end of range for Adjusted EPS and Adjusted EBITDA and at upper end of range for Adjusted Free Cash Flow Conversion. *Comparative information is relative to prior-year third quarter. The results and guidance in this release, including in the highlights above, contain references to non-GAAP measures from continuing operations. Reconciliation of GAAP to non-GAAP results can be found at the end of the earnings release. Kevin Cornelius Grant, 216-875-5451 Head of Investor Relations kevincornelius.grant@ferro.com or Mary Abood, 216-875-5401 Director, Corporate Communications mary.abood@ferro.com Cookies Notice Our use of cookies We use necessary cookies to make our site work. We’d also like to set optional analytics cookies to help us improve it. We won’t set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences. For more detailed information about the cookies we use, see our Cookie Notice. Necessary cookies Necessary cookies enable core functionality such as security, network management and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions. Analytics cookies We’d like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our Cookies Notice. Decline I accept cookies from this site