Gabelli & Company Talks FOE 4Q, Estimates 2011 Revenue

Gabelli & Company reports that Ferro Corp. FOE 4Q revenues grew 17.1% to $537 million as overall volume increased 14%, price/mix contributed 5%, and currency had a negative impact of 2%.

“Excluding the higher price of precious metals (mainly silver), revenues increased 10%,” Gabelli & Company writes.

“In 2011, we estimate that Ferro will generate $280 million of adjusted EBITDA on $2.3 billion of revenues.”

Ferro Corp. closed Wednesday at $14.88.