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.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share. This dividend is for stockholders of record as of the close of business on November 30, 2021, and will be paid on December 31, 2021. GrafTech is a leading manufacturer of high-quality graphite electrode products, integral to electric arc furnace steel production, and is vertically integrated into petroleum needle coke, enhancing its competitive edge in manufacturing.
GrafTech International Ltd. (NYSE: EAF) has launched a $150 million stock repurchase program, with $46 million already utilized in Q3. This program permits repurchases of an additional $163 million, including $13 million carried over from the prior program. CEO David J. Rintoul emphasized a commitment to enhancing shareholder value through disciplined capital allocation while also focusing on business investments and debt reduction. The repurchase amount and timing depend on market conditions and other factors, and the program does not have a set expiration date.
GrafTech International Ltd. (NYSE:EAF) announced that Quinn J. Coburn will retire as Chief Financial Officer on November 29, 2021, but will remain as Senior Vice President until the 2022 Annual Meeting of Stockholders on May 12, 2022. Timothy K. Flanagan, formerly with Cleveland-Cliffs Inc., will take over the CFO role on the same date. David Rintoul, CEO, praised Coburn's contributions over 11 years, including facilitating the company's IPO in April 2018. Flanagan brings extensive financial experience to his new role at GrafTech.
GrafTech International Ltd. (NYSE:EAF) is set to hold its Third Quarter 2021 Conference Call on November 5, 2021, at 10:00 a.m. EDT. The call will cover financial results for Q3 and the nine months ending September 30, 2021. Results will be released before market open on the same day and can be accessed on their investor relations website.
GrafTech produces high-quality graphite electrodes crucial for electric arc furnace steel production, benefiting from vertical integration into petroleum needle coke.
GrafTech International Ltd. (NYSE:EAF) will have its President and CEO, David Rintoul, speak at the virtual 2021 RBC Capital Markets Global Industrials Conference on September 10, 2021, at 10:00 a.m. (EDT). The event will be available for live streaming from the company's Investor Relations webpage. An archived version will be accessible until September 9, 2022. GrafTech is a premier manufacturer of graphite electrode products, crucial for electric arc furnace steel production, and is notably vertically integrated into petroleum needle coke supply.
GrafTech International Ltd. (NYSE: EAF) reported its second quarter 2021 results, showing net income of $28 million or $0.11 per share, impacted by one-time charges of $88 million due to a change in control. Adjusted net income reached $114 million or $0.43 per share, marking a 19% increase year-over-year. Sales volume surged 16% sequentially and 39% year-over-year. Production also rose 22% sequentially. Despite the challenges, CEO David Rintoul expressed optimism for the graphite electrode market, anticipating continued price improvements into 2022.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share. This dividend is payable to stockholders of record as of August 31, 2021, with a payment date set for September 30, 2021. GrafTech, a leader in manufacturing graphite electrode products, benefits from low-cost manufacturing facilities and vertical integration into petroleum needle coke, enhancing its competitive edge in quality and cost-effectiveness.
GrafTech International Ltd. (NYSE:EAF) announced the opening of a new sales office in Chiba-shi, Japan, enhancing local commercial and technical support for customers in the region. This new office underscores GrafTech's commitment to the Japanese market, where it has operated successfully for over 25 years. The company boasts a competitive edge with its low-cost, ultra-high power graphite electrode manufacturing facilities, and is vertically integrated into petroleum needle coke, a key material for production. This strategic move aims to strengthen GrafTech's global footprint and customer service capabilities.
GrafTech International Ltd. (NYSE:EAF) will host its Second Quarter 2021 Conference Call on August 6, 2021, at 10:00 a.m. EDT. The conference aims to discuss the financial results for the second quarter ending June 30, 2021, along with updates on current business initiatives. These results will be released before market open on the same day and can be accessed on their investor relations website. GrafTech is a leader in manufacturing graphite electrode products, benefiting from a vertically integrated supply chain in petroleum needle coke, enhancing quality and cost-effectiveness.
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