Welcome to our dedicated page for Graftech International news (Ticker: EAF), a resource for investors and traders seeking the latest updates and insights on Graftech International stock.
GrafTech International Ltd. (EAF) is a global leader in graphite electrode manufacturing and petroleum needle coke production, essential components for electric arc furnace steelmaking and industrial applications. This news hub provides investors and industry professionals with comprehensive updates on corporate developments, operational milestones, and market positioning.
Access official press releases and curated analysis covering earnings reports, production innovations, strategic partnerships, and sustainability initiatives. Our collection focuses on material developments affecting GrafTech's role in steel manufacturing supply chains and industrial material markets.
Key updates include product line expansions, operational efficiency improvements, and global market penetration efforts. Content is organized to highlight technological advancements in graphite material science and their implications for energy-intensive industries.
Bookmark this page for streamlined access to GrafTech's evolving business narrative. Check regularly for verified updates on quality control advancements, raw material sourcing developments, and leadership announcements critical to understanding the company's industrial impact.
GrafTech International Ltd. (NYSE: EAF) reported fourth quarter and full year 2022 financial results, showcasing significant challenges. In Q4 2022, net income was $50 million with an EPS of $0.20, down from $141 million and $0.54 in Q4 2021. Full-year net income stood at $383 million, slightly lower than $388 million in 2021. Sales volume decreased by 37% year-over-year in Q4 due to operational suspensions in Monterrey, Mexico. Adjusted EBITDA dropped to $80 million in Q4, reflecting rising costs and softer demand. Looking ahead, GrafTech anticipates lower sales due to ongoing economic uncertainty and expects production ramp-up post-suspension. The company aims to manage costs effectively during this period.
GrafTech International Ltd. (NYSE:EAF) will host its Fourth Quarter and Full Year 2022 Earnings Conference Call on February 3, 2023, at 10:00 a.m. (EST). The call will cover unaudited financial results for the year ending December 31, 2022, and current business initiatives. Financial results will be released before market open on the same day and will be accessible on their investor relations website. The conference call can be joined via dial-in numbers provided and will also be available via live webcast.
GrafTech International Ltd. (NYSE: EAF) has announced the conditional lifting of a temporary suspension on its Monterrey, Mexico operations, effective immediately. This follows the State Attorney's decision on November 17, 2022, to lift the suspension, which had been in place since September 15, 2022. The company will submit an environmental impact study as part of the agreement. GrafTech anticipates this suspension impacted 10,000 to 12,000 metric tons of customer orders for Q4 2022. The Monterrey facility has over 550 employees and contributes 30% to GrafTech’s total annual production capacity.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has announced a quarterly cash dividend of $0.01 per share, payable to stockholders of record as of November 30, 2022. The payment date is set for December 30, 2022. GrafTech is a prominent manufacturer of high-quality graphite electrode products crucial for electric arc furnace steel production. The company benefits from significant vertical integration into petroleum needle coke, enhancing its competitive edge in quality and cost.
GrafTech International Ltd. (NYSE: EAF) reported a net income of $93 million and EPS of $0.36 for Q3 2022, down from $120 million and $0.45 in Q3 2021. Sales fell to $304 million, reflecting an 18% decline in sales volume due to operational suspension in Monterrey, Mexico, affecting approximately 10,000-12,000 MT of orders. Adjusted EBITDA was $129 million with a margin of 42%. The company navigates inflationary pressures and geopolitical tensions that have softened demand. GrafTech is aligning expenses and pursuing options to resume operations in Monterrey.
GrafTech International Ltd. (NYSE:EAF) will host its Third Quarter 2022 Earnings Conference Call on November 4, 2022, at 10:00 a.m. EDT. The call aims to discuss financial results for the quarter ending September 30, 2022, with results released before market open on the same day. GrafTech is a leading manufacturer of graphite electrode products, essential for steel production via electric arc furnaces. The company boasts significant competitive advantages, including a vertically integrated supply chain for petroleum needle coke.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share for stockholders on record as of August 31, 2022. The payment date is set for September 30, 2022. GrafTech is a leading manufacturer of graphite electrode products crucial for the production of electric arc furnace steel. The company boasts ultra-high power manufacturing facilities and is vertically integrated into petroleum needle coke, providing a competitive edge in quality and cost.
GrafTech International Ltd. (NYSE: EAF) reported strong financial results for Q2 2022, achieving a net income of $115 million, or $0.44 per share. Sales increased by 10% year-over-year to $364 million, although sales volume decreased by 1% to 42,000 metric tons. Adjusted EBITDA was $158 million, representing a 44% margin. The company reduced long-term debt by $40 million in Q2 2022, totaling $110 million in the first half of the year. CEO Marcel Kessler emphasized the company's resilience amid geopolitical challenges and ongoing efforts to strengthen its commercial capabilities.
GrafTech International Ltd. (NYSE:EAF) will host its Second Quarter 2022 Earnings Conference Call on August 5, 2022, at 10:00 a.m. EDT. The call will discuss financial results for the quarter ending June 30, 2022, and ongoing business initiatives. Results will be available before market open on the same day on their investor relations website. The conference call can be accessed via a toll-free number in North America and through an online webcast. GrafTech is a leading producer of graphite electrode products, crucial for electric arc furnace steel production.
GrafTech International Ltd. (NYSE: EAF) announced the appointment of Marcel Kessler as Chief Executive Officer and President effective July 1, 2022. He takes over from David J. Rintoul, who will retire on June 30, 2022. Mr. Kessler has previous experience as CEO of Pason Systems Inc. and holds a strong track record in executive leadership. The Board expressed confidence in his ability to lead GrafTech into its next growth phase, leveraging the company's competitive advantages in graphite electrode production.
