Ferro Continues Momentum with Strong Organic Growth in the Fourth Quarter

Company delivers top of the guidance range for full year 2017
Adjusted EPS and EBITDA, and provides 2018 guidance

CLEVELAND–(BUSINESS WIRE)–Ferro Corporation (NYSE: FOE):

Fourth Quarter Financial and Operating Highlights *:

• Net Sales increased 34.2% to $377.5M
• Organic sales growth was 9.2% on a constant currency basis
• GAAP diluted EPS improved to a loss of $0.10 versus a loss of $0.25
• Adjusted EPS increased 7.4% to $0.29
• Net Income improved to a loss of $8.7M compared to a loss of $20.9M
• Adjusted EBITDA grew 20.1% to $54.3M

Full Year Financial and Operating Highlights *:

• Net Sales increased 22.0% to $1,396.7M
• Organic sales growth was 7.3% on a constant currency basis
• GAAP diluted EPS improved to $0.67 versus a loss of $0.25
• Adjusted EPS increased 18.3% to $1.29
• Net Income improved to $57.1M compared to a loss of $20.8M
• Adjusted EBITDA grew 20.3% to $234.2M

*Comparative information is relative to prior-year fourth quarter and
full year.

The results and guidance in this release, including in the highlights
above, contain references to non-GAAP measures from continuing
operations. Reconciliation of GAAP to non-GAAP results can be found at
the end of the earnings release.

Ferro Corporation (NYSE: FOE), a leading global supplier of
technology-based functional coatings and color solutions, today reported
results for the fourth quarter ended December 31, 2017. Ferro
Corporation (www.ferro.com)
supplies functional coatings for glass, metal, ceramic and other
substrates and color solutions in the form of specialty pigments and
colorants for a broad range of industries and applications. Ferro
products are sold into the building and construction, automotive,
electronics, industrial products, household furnishings and appliance
markets. The Company’s reportable segments include: Performance Coatings
(metal and ceramic coatings), Performance Colors and Glass (glass
coatings), and Color Solutions. Headquartered in Mayfield Heights, Ohio,
the Company has approximately 5,680 associates globally and reported
2017 sales of $1.4 billion.

Conference Call

Ferro will conduct an investor teleconference at 10:00 a.m. EDT
Thursday, March 1, 2018. Investors can access this conference via the
following:

• Webcast can be accessed by clicking on the Investor Information link
  at the top of Ferro’s website at ferro.com.
• Live telephone: Call 800-272-9104 within the U.S. or +1 303-223-2684
  outside the U.S. Please join the call at least 10 minutes before the
  start time.
• Webcast replay: Available on Ferro’s Investor website at ferro.com
  beginning at approximately 12:00 noon Eastern Time on March 1, 2018
• Telephone replay: Call 800-633-8284 within the U.S. or +1 402-977-9140
  outside the U.S. (for both U.S. and outside the U.S. access code is
  21881197).
• Presentation material & podcast: Earnings presentation material and
  podcasts can be accessed through the Investor Information portion of
  the Company’s website at ferro.com.

Contacts

Ferro Corporation
Investor Contact:
Kevin Cornelius
Grant, 216-875-5451
Head of Investor Relations
[email protected]
or
Media
Contact:
Mary Abood, 216-875-5401
Director, Corporate
Communications
[email protected]