Ferro sees FY13 adj. EPS 25c-30c, consensus 27c The expected increase in earnings compared with 2012 will be driven primarily by initiatives now underway that are expected to generate $25M-$30M of cost savings in 2013 and the exit from the solar pastes business. The expected improvements in the Company's cost structure will be partially offset by inflation and the normalization of incentive compensation.
Ferro acquires TherMark Holdings for $5.5M in cash Ferro announced that it has acquired privately held TherMark Holdings for $5.5M in cash, subject to customary adjustments. TherMark is Ferro’s largest partner in the marketing of laser marking materials and also licenses technology to Ferro.