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 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.
GrafTech International Ltd. (NYSE: EAF) has announced a secondary offering of 20,000,000 shares of its common stock, managed by an affiliate of Brookfield Asset Management. The offering is underwritten by J.P. Morgan Securities LLC, with all net proceeds going to the selling stockholder. GrafTech itself is not issuing new shares. This offering follows an effective shelf registration statement filed with the SEC. Investors are encouraged to review the preliminary prospectus for more details regarding the offering and associated risks.
GrafTech International Ltd. (NYSE: EAF) reported strong Q1 2021 results with a net income of $99 million, achieving a 32% income margin. Sales volume increased by 9% year-over-year to 37,000 metric tons, while production volume also rose to 36,000 metric tons. Adjusted EBITDA stood at $155 million, translating to a 51% margin. The company reduced its debt by $150 million and lowered its interest rate by 100 basis points. CEO David Rintoul expressed optimism regarding growing graphite electrode demand and expects improvements in pricing by the second half of 2021.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share, payable to stockholders of record as of May 28, 2021, with a payment date of June 30, 2021.
GrafTech is a leading manufacturer of high-quality graphite electrode products, crucial for electric arc furnace steel production. The company boasts a competitive portfolio of low-cost manufacturing facilities, including three of the world's highest capacity plants, and is substantially vertically integrated into the production of petroleum needle coke, its primary raw material.
GrafTech International Ltd. (NYSE:EAF) will hold its First Quarter 2021 Conference Call on May 5, 2021, at 10:00 a.m. EDT. Senior management will discuss financial results for Q1 2021, ending March 31, and current business initiatives. Financial results will be released before market open on the same day, accessible on their investor relations website. Participants can join the call via phone or webcast, with replays available until August 5, 2021. GrafTech is a key manufacturer of graphite electrode products, benefiting from low-cost production and vertical integration in petroleum needle coke.
GrafTech International Ltd. (NYSE: EAF) announced an underwritten secondary offering of 30,000,000 shares of its common stock by an affiliate of Brookfield Asset Management. The selling stockholder will receive all net proceeds, while GrafTech will not offer additional shares. Morgan Stanley & Co. LLC will serve as the sole underwriter. This move follows an effective shelf registration statement filed with the SEC. Investors are encouraged to review the related prospectus for comprehensive information.
GrafTech International Ltd. (NYSE: EAF) reported its fourth quarter and full year 2020 financial results, showing a net income of $434 million or $1.62 per share. For the year, net sales declined to $1.2 billion from $1.8 billion in 2019, primarily due to lower sales volumes. Adjusted EBITDA stood at $659 million, down from $1,048 million the previous year. Despite challenges, the company improved its balance sheet by reducing debt by $400 million and maintained a high on-time delivery rate of 97%. GrafTech anticipates a recovery in demand for graphite electrodes in alignment with the steel industry’s improvement.
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 February 26, 2021, with a payment date set for March 31, 2021.
GrafTech is a major manufacturer of high-quality graphite electrode products integral to the electric arc furnace steel production. With vertically integrated manufacturing capabilities, the company holds a competitive edge in product quality and cost-effectiveness.
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