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What: Shares of specialty materials and chemicals manufacturer Ferro Corp.
So What: While few businesses can truly shrug off the impact of a recession, highly cyclical chemicals and materials manufacturers tend to take a particularly tough gut-shot during downturns. Of course that also means that they often see profits surge when recovery sets in. For Ferro, the third quarter suggested that things are moving in the right direction. Total sales were up 20% year-over-year, while gross profit was up an even stronger 29%.
Now What: Ferro has been limping along for a while, reporting losses as it absorbed costs from restructuring and goodwill impairments. After years of reporting margins that trailed other chemicals and materials manufacturers like RPM International
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