Globe thrives on richer product mix

摘要

A decision to rejigger output in favor of higher-value silicon metal over ferrosilicon-together with the expiration of long-term lower-price contracts-combined to boost earnings for Globe Specialty Metals Inc. in its fiscal third quarter. The New York-based company posted net income of $23.4 million for the three months ended March 31, nearly double $11.7 million in its fiscal second quarter and well ahead of just $516,000 a year earlier.