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GrafTech International Ltd. - EAF STOCK NEWS

Welcome to our dedicated page for GrafTech International Ltd. news (Ticker: EAF), a resource for investors and traders seeking the latest updates and insights on GrafTech International Ltd. stock.

GrafTech International Ltd. (symbol: EAF) is a globally recognized leader in the graphite materials industry with an extensive history of over 125 years. The company specializes in providing innovative solutions for some of the most demanding applications across various industries.

GrafTech's core business revolves around the manufacturing of high-quality graphite electrode products, which are essential in the production of Electric Arc Furnace (EAF) steel and other ferrous and non-ferrous metals. The company operates under a single reportable segment, Industrial Materials, divided into two main product categories: graphite electrodes and petroleum needle coke products. Petroleum needle coke is a critical raw material used in producing graphite electrodes.

GrafTech boasts a robust global presence, with customers in over 70 countries and a vast network of 20 principal manufacturing facilities across four continents. The company employs approximately 3,000 people, reinforcing its significant impact on the steel manufacturing, advanced energy, and cutting-edge electronics industries.

Recent achievements include the expansion of their product lines and the enhancement of production capacities to meet the growing global demand. GrafTech’s continuous focus on research and development has positioned it at the forefront of technological advancements within the graphite materials sector. The company's strategic partnerships and collaborations have further strengthened its market position.

The financial condition of GrafTech remains strong, supported by a consistent revenue stream from its diverse customer base and a commitment to operational efficiency. The ongoing projects and investments in state-of-the-art technologies reflect the company’s dedication to maintaining its competitive edge and delivering superior value to its stakeholders.

GrafTech International Ltd. continues to be a vital player in the global graphite materials market, providing indispensable products and solutions that drive innovation and efficiency across various industries.

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GrafTech International Ltd. confirms private investor Nilesh Undavia's intent to nominate two individuals for election to the Board of Directors at the 2024 Annual Meeting. The Company emphasizes its qualified and diverse Board committed to strong corporate governance practices. GrafTech will review Undavia's nominees and provide recommendations to the Board.
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Faruqi & Faruqi, LLP is investigating potential claims against GrafTech International Ltd. (NYSE: EAF) for violating federal securities laws by making false statements regarding environmental issues in Monterrey, Mexico. Investors have until March 25, 2024, to seek lead plaintiff status in a class action lawsuit. GrafTech's stock price fell after disclosing operational suspensions and financial results showing a 62% sales decline and a net loss of over $7 million.
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GrafTech International Ltd. (EAF) will hold its Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast on February 14, 2024, to discuss financial results and current business initiatives. The call will be hosted by senior management, and the financial results will be released before market open.
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GrafTech International Ltd. (NYSE: EAF) announced that its 25% shareholder, Brookfield Business Partners LP, distributed all 63.8 million of their shares to a consortium of investors, increasing the public float of the Company from approximately 75% to approximately 88%. This reduced Brookfield's ownership to approximately 12%, leading to the resignation of a Brookfield designated director from the Board of Directors.
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GrafTech International Ltd. (NYSE: EAF) reported a net loss of $23 million in Q3 2023, with adjusted EBITDA of $1 million. Sales volume was 24 thousand metric tons, and net cash provided by operating activities was $51 million. The decline in net sales was due to softness in demand for graphite electrodes and a shift in business mix. The company remains focused on managing costs and making targeted investments to improve its strategic positioning.
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GrafTech International Ltd. to hold Q3 2023 Earnings Conference Call on November 3, 2023
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GrafTech CEO Marcel Kessler to step down due to family reasons, effective Nov 15, 2023. Timothy Flanagan appointed as interim CEO. Catherine Hedoux-Delgado appointed as interim CFO. Jeremy Halford to assist Flanagan in investigation on use of assets for EV battery market. Search for non-interim CEO underway.
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FAQ

What is the current stock price of GrafTech International Ltd. (EAF)?

The current stock price of GrafTech International Ltd. (EAF) is $1.58 as of December 20, 2024.

What is the market cap of GrafTech International Ltd. (EAF)?

The market cap of GrafTech International Ltd. (EAF) is approximately 450.0M.

What does GrafTech International Ltd. specialize in?

GrafTech specializes in the manufacturing of high-quality graphite electrode products essential for producing EAF steel and other metals.

Where are GrafTech's customers located?

GrafTech's customers are located in over 70 countries, spanning a wide range of industries and end markets.

How many manufacturing facilities does GrafTech operate?

GrafTech operates 20 principal manufacturing facilities across four continents.

How many employees does GrafTech have?

GrafTech employs approximately 3,000 people worldwide.

What are the two main product categories of GrafTech?

The two main product categories are graphite electrodes and petroleum needle coke products.

What is petroleum needle coke used for?

Petroleum needle coke is a key raw material used in the production of graphite electrodes.

What industries does GrafTech serve?

GrafTech serves industries including steel manufacturing, advanced energy, and latest-generation electronics.

What is the financial condition of GrafTech?

GrafTech maintains a strong financial condition supported by consistent revenue and operational efficiency.

What recent achievements has GrafTech made?

Recent achievements include expanding product lines and enhancing production capacities to meet global demand.

How does GrafTech maintain its competitive edge?

GrafTech invests in research and development and state-of-the-art technologies to stay at the forefront of technological advancements.

GrafTech International Ltd.

NYSE:EAF

EAF Rankings

EAF Stock Data

450.04M
188.13M
26.81%
66.46%
5.53%
Electrical Equipment & Parts
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