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View printer-friendly version | | << Back | | Ferro Schedules Conference Call for 2012 Second-Quarter Results | CLEVELAND--(BUSINESS WIRE)--Jul. 13, 2012--
Ferro Corporation (NYSE: FOE) announced today that it will conduct a
conference call on Thursday, July 26, 2012 at 10:00 a.m. Eastern Time to
discuss financial results for the three-month and six-month periods
ended June 30, 2012, and provide a current view of 2012 business
conditions. Participants from Ferro will include Chairman, President and
Chief Executive Officer James Kirsch, Vice President and Chief Financial
Officer Jeffrey Rutherford and Director of Investor Relations David
Longfellow.
If you wish to listen to the conference call, dial 800-750-5849 (toll
free) if calling from the United States or Canada, or dial 212-231-2932
if calling from outside North America. Please dial into the call
approximately 10 minutes before the call is planned to begin. A live
Webcast will also be available by clicking on the Investor Information
link at the top of Ferro’s Web site at http://www.ferro.com.
A replay of the call will be available from noon Eastern Time on July
26, 2012, until noon Eastern Time on August 2. To access the replay,
dial 800-633-8284 (toll-free) if calling from the United States or
Canada, or dial 402-977-9140 if calling from outside North America. Use
the program ID #21599830 to access the audio replay. The Webcast replay
will also be available by clicking on the Investor Information link on
the Ferro corporate Web site at http://www.ferro.com,
beginning at approximately noon Eastern Time on July 26.
About Ferro Corporation
Ferro Corporation (http://www.ferro.com)
is a leading global supplier of technology-based performance materials
for manufacturers. Ferro materials enhance the performance of products
in a variety of end markets, including electronics, solar energy,
telecommunications, pharmaceuticals, building and renovation,
appliances, automotive, household furnishings, and industrial products.
Headquartered in Mayfield Heights, Ohio, the Company has approximately
5,100 employees globally and reported 2011 sales of $2.2 billion.
Cautionary Note on Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking
statements” within the meaning of Federal securities laws. These
statements are subject to a variety of uncertainties, unknown risks and
other factors concerning the Company’s operations and business
environment. Important factors that could cause actual results to differ
materially from those suggested by these forward-looking statements and
that could adversely affect the Company’s future financial performance
include the following:
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demand in the industries into which Ferro sells its products may be
unpredictable, cyclical or heavily influenced by consumer spending;
-
uncertainty in the development of the solar energy market;
-
restrictive covenants in the Company’s credit facilities could affect
its strategic initiatives and liquidity;
-
Ferro’s ability to access capital markets, borrowings, or financial
transactions;
-
the effectiveness of the Company’s efforts to improve operating
margins through sales growth, price increases, productivity gains, and
improved purchasing techniques;
-
implementation of new business information systems and processes;
-
the availability of reliable sources of energy and raw materials at a
reasonable cost;
-
currency conversion rates and economic, social, regulatory, and
political conditions around the world;
-
Ferro’s presence in the Asia-Pacific region where it can be difficult
to compete lawfully;
-
increasingly aggressive domestic and foreign governmental regulations
on hazardous materials and regulations affecting health, safety and
the environment;
-
Ferro’s ability to successfully introduce new products;
-
sale of products into highly regulated industries;
-
limited or no redundancy for certain of the Company’s manufacturing
facilities and possible interruption of operations at those facilities;
-
Ferro’s ability to complete future acquisitions or successfully
integrate future acquisitions into its existing business;
-
the impact of the Company’s performance on its ability to utilize
significant deferred tax assets;
-
competitive factors, including intense price competition;
-
Ferro’s ability to protect its intellectual property or to
successfully resolve claims of infringement brought against the
Company;
-
the impact of operating hazards and investments made in order to meet
stringent environmental, health and safety regulations;
-
stringent labor and employment laws and relationships with the
Company’s employees;
-
the impact of requirements to fund employee benefit costs, especially
post-retirement costs;
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the impact of interruption, damage to, failure, or compromise of the
Company’s information systems;
-
manufacture and sale of products into the pharmaceutical industry;
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exposure to lawsuits in the normal course of business;
-
risks and uncertainties associated with intangible assets;
-
Ferro’s borrowing costs could be affected adversely by interest rate
increases;
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liens on the Company’s assets by its lenders affect its ability to
dispose of property and businesses;
-
Ferro’s ability to successfully implement and/or administer its
restructuring programs and produce the desired results;
-
Ferro may not pay dividends on its common stock in the foreseeable
future; and
-
other factors affecting the Company’s business that are beyond its
control, including disasters, accidents, and governmental actions.
The risks and uncertainties identified above are not the only risks the
Company faces. Additional risks and uncertainties not presently known to
the Company or that it currently believes to be immaterial also may
adversely affect the Company. Should any known or unknown risks and
uncertainties develop into actual events, these developments could have
material adverse effects on Ferro’s business, financial condition and
results of operations.
This release contains time-sensitive information that reflects
management’s best analysis only as of the date of this release. The
Company does not undertake any obligation to publicly update or revise
any forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release. Additional
information regarding these risks can be found in the Ferro Corporation
Annual Report on Form 10-K for the period ended December 31, 2011.

Source: Ferro Corporation
INVESTOR CONTACT: Ferro Corporation David Longfellow,
Director, Investor Relations, 216-875-5488 E-mail: David.Longfellow@ferro.com or MEDIA
CONTACT: Ferro Corporation Mary Abood, Director, Corporate
Communications, 216-875-5401 E-mail: Mary.Abood@ferro.com
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