Ferro Announces Analysts’ Day Webcast on May 26, 2011
CLEVELAND, Ohio – May 16, 2011 – Ferro Corporation (NYSE: FOE) will host a meeting for analysts and investors on Thursday, May 26, 2011, to review its business performance and long-term strategic plans. The Company is planning a live Webcast of presentations by members of its senior management team, including James F. Kirsch, Chairman, President and Chief Executive Officer. The event will be held in the Metropolitan Room, 12th Floor, One Madison Avenue, New York, NY, and will begin at 8:30 a.m. Eastern Time.
The live audio Webcast of the presentations can be accessed through the Ferro Website at:
www.ferro.com
A link to the live Webcast and replays of the Webcast after the event can be accessed from the “Investor Information” portion of the Ferro Web site. The Web site will also include a link to the presentation material, beginning on the morning of May 26. The audio replay and the presentation slides will be available for 30 days.
Additional information regarding the 2011 Ferro Analysts’ Day event is available from:
David Longfellow Director, Investor Relations 216.875.7155 longfellowd@ferro.com
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 Cleveland, Ohio, the Company has approximately 5,000 employees globally and reported 2010 sales of $2.1 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;
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uncertainty in the development of the solar energy market;
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the effectiveness of the Company’s efforts to improve operating margins through sales growth, price increases, productivity gains, and improved purchasing techniques;
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implementation of new business information systems and processes;
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the availability of reliable sources of energy and raw materials at a reasonable cost;
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currency conversion rates and economic, social, regulatory, and political conditions around the world;
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Ferro’s presence in the Asia-Pacific region where it can be difficult to compete lawfully;
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increasingly aggressive domestic and foreign governmental regulations on hazardous materials and regulations affecting health, safety and the environment;
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Ferro’s ability to successfully introduce new products;
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limited or no redundancy for certain of the Company’s manufacturing facilities and possible interruption of operations at those facilities;
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Ferro’s ability to complete future acquisitions or successfully integrate future acquisitions into our business;
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the impact of the Company’s performance on its ability to utilize significant deferred tax assets;
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competitive factors, including intense price competition;
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Ferro’s ability to protect its intellectual property or to successfully resolve claims of infringement brought against the Company;
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the impact of operating hazards and investments made in order to meet stringent environmental, health and safety regulations
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stringent labor and employment laws and relationships with the Company’s employees;
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the impact of requirements to fund employee benefit costs, especially post-retirement costs;
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Ferro’s ability to access capital markets, borrowings, or financial transactions;
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Ferro’s ability to successfully implement and/or administer our restructuring programs and produce the desired results;
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exposure to lawsuits in the normal course of business;
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risks and uncertainties associated with intangible assets;
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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;
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restrictive covenants in the Company’s credit facilities could affect its strategic initiatives and liquidity;
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Ferro may not pay dividends on its common stock in the foreseeable future; and
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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 our 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 our Annual Report on Form 10-K for the period ended December 31, 2010.
MEDIA CONTACT: Mary Abood Director, Corporate Communications, Ferro Corporation Phone: 216-875-6202 E-mail:aboodm@ferro.com
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