Ferro Corporation (FOE) Financial Statements (2025 and earlier)

Company Profile

Business Address 6060 PARKLAND BLVD
MAYFIELD HEIGHTS, OH 44124
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 148,754143,717128,428174,07764,49562,031
Cash and cash equivalent 148,754143,717128,428174,07764,49562,031
Receivables 223,264226,615215,724209,280217,983205,262
Inventory, net of allowances, customer advances and progress billings 267,994260,237251,366260,332272,797290,659
Inventory 267,994260,237251,366260,332272,797290,659
Disposal group, including discontinued operation    307,854285,229279,576
Other undisclosed current assets 20,83520,98822,12718,26115,72419,072
Total current assets: 660,847651,557617,645969,804856,228856,600
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    1,4101,189795
Operating lease, right-of-use asset 13,38713,81714,69415,44614,24615,042
Property, plant and equipment 326,982332,197328,403315,330303,291296,290
Long-term investments and receivables    7,400  
Long-term investments    7,400  
Intangible assets, net (including goodwill) 283,017286,550288,545294,851293,899293,569
Goodwill 172,968174,005173,493175,351173,241171,545
Intangible assets, net (excluding goodwill) 110,049112,545115,052119,500120,658122,024
Regulated entity, other noncurrent assets    3,719  
Disposal group, including discontinued operation, noncurrent assets    168,922163,103157,389
Deferred income tax assets 108,426110,735112,771   
Other undisclosed noncurrent assets 26,60425,82526,921184,051190,552175,530
Total noncurrent assets: 758,416769,124771,334991,129966,280938,615
TOTAL ASSETS: 1,419,2631,420,6811,388,9791,960,9331,822,5081,795,215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 166,168164,669149,833162,462122,934145,655
Employee-related liabilities 38,64228,36624,67027,16630,23227,799
Accounts payable 127,526136,303125,163135,29692,702117,856
Debt 8,8888,87113,3938,8398,76420,379
Disposal group, including discontinued operation    107,54589,481103,466
Other liabilities 147,456150,463146,285124,770103,34476,685
Total current liabilities: 322,512324,003309,511403,616324,523346,185
Noncurrent Liabilities
Long-term debt and lease obligation, including: 352,695354,729356,547791,509798,775810,793
Finance lease, liability    2,2712,0461,780
Other undisclosed long-term debt and lease obligation 344,071346,141347,416779,174787,729799,297
Liabilities, other than long-term debt 213,430221,069221,518314,809299,302267,866
Liability, pension and other postretirement and postemployment benefits 161,548165,951167,783181,610170,467168,643
Disposal group, including discontinued operation, liabilities    71,14969,53539,186
Other liabilities 51,88255,11853,73562,05059,30060,037
Operating lease, liability 8,6248,5889,13110,0649,0009,716
Other undisclosed noncurrent liabilities 8,6248,5889,13110,0649,0009,716
Total noncurrent liabilities: 574,749584,386587,1961,116,3821,107,0771,088,375
Total liabilities: 897,261908,389896,7071,519,9981,431,6001,434,560
Equity
Equity, attributable to parent 512,781504,006483,829429,967380,629350,573
Common stock 93,43693,43693,43693,43693,43693,436
Treasury stock, value (165,008)(165,689)(167,102)(172,256)(173,945)(174,752)
Additional paid in capital 289,899289,285288,538293,682294,077293,645
Accumulated other comprehensive loss (144,208)(141,313)(143,821)(89,710)(120,012)(134,355)
Retained earnings 438,662428,287412,778304,815287,073272,599
Equity, attributable to noncontrolling interest 9,2218,2868,44310,96810,27910,082
Total equity: 522,002512,292492,272440,935390,908360,655
TOTAL LIABILITIES AND EQUITY: 1,419,2631,420,6811,388,9791,960,9331,822,5081,795,215

Income Statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues277,228294,331288,358259,950241,877204,801
Cost of revenue
(Cost of Product and Service Sold)
 (193,850)(199,496)(193,255)(180,842)(171,711)(141,057)
Gross profit: 83,37894,83595,10379,10870,16663,744
Operating expenses (54,520)(59,026)(53,838)(48,006)(47,820)(50,541)
Operating income: 28,85835,80941,26531,10222,34613,203
Nonoperating expense (338)(3,157)(561)(1,476)(976)(836)
Investment income, nonoperating 8852597873474307
Loss, foreign currency transaction, before tax (426)(3,209)(1,158)(2,349)(1,450)(1,143)
Interest and debt expense (5,436)(5,006)(11,418)(5,406)(4,767)(6,177)
Income from continuing operations before equity method investments, income taxes: 23,08427,64629,28624,22016,6036,190
Other undisclosed income (loss) from continuing operations before income taxes 2,395(1,717)(3,084)(13,216)(2,009)(7,916)
Income (loss) from continuing operations before income taxes: 25,47925,92926,20211,00414,594(1,726)
Income tax expense (13,800)(8,502)(7,644)(4,497)(5,047)(200)
Income (loss) from continuing operations: 11,67917,42718,5586,5079,547(1,926)
Income (loss) before gain (loss) on sale of properties:10,85715,891108,40018,16014,914(5,164)
Income (loss) from discontinued operations (822)(1,536)89,84211,6535,367(3,238)
Net income (loss): 10,85715,891108,40018,16014,914(5,164)
Net loss attributable to noncontrolling interest (482)(382)(437)(418)(440)(376)
Net income (loss) available to common stockholders, diluted: 10,37515,509107,96317,74214,474(5,540)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss): 10,85715,891108,40018,16014,914(5,164)
Other comprehensive income (loss) (2,442)1,969(54,185)30,57314,1002,297
Comprehensive income (loss): 8,41517,86054,21548,73329,014(2,867)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (935)157(363)(689)(197)(340)
Comprehensive income (loss), net of tax, attributable to parent: 7,48018,01753,85248,04428,817(3,207)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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