Business Description

Ferro Corp. is engaged in the manufacturing of specialty materials. In 1919, Harry D. Cushman and Raymond Williams founded the company. It is based in Mayfield Heights in Ohio. It produces fruits and porcelain, as well as glazes, stains, and decorating colors.

Key Financials

Revenue (US$ Mn)

• Ferro Corporation’s annual revenue for 2020 was US$ 959 Mn, a -5.8% decrease from 2019
• The annual revenue generated by Ferro Corporation in 2019 was US$ 1,018 Mn
• At a 15.39% increase from, Ferro Corporation’s annual revenue of US$ 1,612 Mn was indexed in 2018
• Ferro Corporation generated total revenue of US$ 1,397 Mn in 2017

Operating Income (US$ Mn)

• US$ 92 Mn was the operating income generated by Ferro Corporation in 2020
• Ferro Corporation’s operating income for 2019 was US$ 97 Mn, a -45.51% decrease from 2018
• From 2017’s operating incomes, Ferro Corporation registered a 10.56% increase in 2018, amounting to US$ 178 Mn
• An operating income of US$ 161 Mn was generated in 2017 by Ferro Corporation

Net Income (US$ Mn)

• Ferro Corporation’s net income for 2020 was US$ 43 Mn, a 616.67% increase from 2019
• The net income generated by Ferro Corporation in 2019 was US$ 6 Mn
• At a 40.35% increase from, Ferro Corporation’s net income of US$ 80 Mn was indexed in 2018
• Ferro Corporation generated a net income of US$ 57 Mn in 2017

Operating Margin %

• Ferro Corporation’s operating margin for 2020 was 10%, a 1.05% increase from 2019
• The operating margin generated by Ferro Corporation in 2019 was 10%
• At a -4.35% decrease from, Ferro Corporation’s operating margin of 11% was indexed in 2018
• Ferro Corporation generated an operating margin of 12% in 2017

Gross Margin %

• Ferro Corporation’s gross margin for 2020 was 31%, a 0.99% increase from 2019
• The gross margin generated by Ferro Corporation in 2019 was 30%
• At a -5.03% decrease from, Ferro Corporation’s gross margin of 28% was indexed in 2018
• Ferro Corporation generated a gross margin of 30% in 2017

SWOT Analysis

Strengths

Global Footprint Driving Growth

Ferro has a diverse range of markets where it does business. The US is the company’s largest market. However, more than 60% of the company’s total revenues came from international markets during FY201. Additionally, the company’s net sales are less than 10% in any country except the USA and Spain.

The company sells its products in more than 100 countries around the world. The company has manufacturing plants in Argentina, Brazil, China, and Colombia as well as France, and Egypt. The company’s geographically diverse operations allow it to offset fluctuations in demand in certain regions.

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