Financial Position - As of September 30, 2024, the company had liquidity of $253.8 million, consisting of $112.4 million available under the 2018 Revolving Credit Facility and cash and cash equivalents of $141.4 million[151]. - Long-term debt stood at $950.0 million and short-term debt at $0.1 million as of September 30, 2024[151]. - As of September 30, 2024, $51.5 million of cash and cash equivalents were located outside of the U.S.[152]. - The company is subject to covenants that limit its ability to incur additional indebtedness, including a senior secured first lien net leverage ratio not greater than 4.00 to 1.00[160]. - The company may need to seek other sources of funding if additional debt financing is not available on commercially reasonable terms[153]. Stock Repurchase and Dividends - The company had $99.0 million remaining under its stock repurchase authorization as of September 30, 2024, with no shares repurchased in the first nine months of 2024[170]. - The company suspended its quarterly cash dividend of $0.01 per share on August 2, 2023, with no assurance of future resumption[171]. Capital Expenditures - Capital expenditures totaled $21.5 million in the nine months ended September 30, 2024, with full-year expectations in the range of $35.0 million to $40.0 million for 2024[174]. Debt Instruments - The 2023 Senior Secured Notes bear interest at a rate of 9.875% per annum, maturing on December 15, 2028[167]. - The 2020 Senior Secured Notes bear interest at a rate of 4.625% per annum, maturing on December 15, 2028[164]. Cash Flow and Operating Activities - Net cash used in operating activities was $13.7 million in the first nine months of 2024, a decrease from a cash source of $67.3 million in the same period of 2023, primarily due to a $43.8 million increase in net loss[177]. - Cash flow provided by accounts receivable decreased by $36.8 million in the first nine months of 2024, primarily due to reduced sales[177]. - Cash flow used for income taxes decreased by $28.7 million in the first nine months of 2024, driven by reduced federal tax payments[177]. Investing and Financing Activities - Net cash used in investing activities decreased to $21.4 million in the nine months ended September 30, 2024, compared to $48.1 million in the prior year, mainly due to reduced capital expenditures[178]. - Financing activities resulted in a cash use of $0.1 million in the first nine months of 2024, down from a cash source of $18.9 million in the same period of 2023, which included $27.5 million from interest rate swap settlements[179]. Performance Metrics - The net loss for the three months ended September 30, 2024, was $36.1 million, compared to a net loss of $22.6 million in the same period of 2023, with a diluted loss per share of $0.14 versus $0.09[191]. - Adjusted net loss for the nine months ended September 30, 2024, was $73.0 million, compared to $32.2 million in the same period of 2023[191]. - Cash cost of goods sold per metric ton (MT) for the nine months ended September 30, 2024, was $4,363, down from $5,567 in the same period of 2023[198]. - Cash cost of goods sold for the nine months ended September 30, 2024, was $331.6 million, compared to $375.8 million in the same period of 2023[198]. - Sales volume for the nine months ended September 30, 2024, was 76.0 thousand MT, an increase from 67.5 thousand MT in the same period of 2023[198].

Group 1 - GrafTech International reported a quarterly loss of $0.13 per share, slightly better than the Zacks Consensus Estimate of a loss of $0.14, but worse than a loss of $0.08 per share a year ago, indicating a 62.5% increase in loss year-over-year [1] - The company posted revenues of $130.65 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.96%, but down from $158.99 million in the same quarter last year [2] - GrafTech has surpassed consensus EPS estimates three times over the last four quarters, indicating some volatility in earnings performance [2] Group 2 - The stock has underperformed the market, losing about 5.5% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The current consensus EPS estimate for the coming quarter is -$0.13 on revenues of $132.7 million, and -$0.43 on revenues of $534.75 million for the current fiscal year [7] - The Zacks Industry Rank for Metal Products - Procurement and Fabrication is in the top 29% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Financial Performance - Net sales for Q3 2024 were $131 million, an 18% decrease from $159 million in Q3 2023[8] - The net loss for Q3 2024 was $36 million, or $0.14 per share, compared to a net loss of $23 million, or $0.09 per share in Q3 2023[9] - Adjusted EBITDA was negative $6 million in Q3 2024, down from $1 million in Q3 2023, primarily due to lower realized prices and a shift in business mix[10] - Gross loss for Q3 2024 was $(12.074) million, compared to a gross profit of $1.389 million in Q3 2023[44] - Operating loss for Q3 2024 increased to $(26.280) million from $(18.137) million in Q3 2023[44] - Net loss for Q3 2024 was $(36.068) million, compared to $(22.621) million in Q3 2023, representing a 59.5% increase in losses[44] - Adjusted net loss for Q3 2024 was $(34.276) million, compared to $(20.866) million in Q3 2023[48] - Diluted loss per share for Q3 2024 was $(0.14), compared to $(0.09) in Q3 2023[49] Sales and Production - Sales volume increased by 9% year-over-year to 26.4 thousand metric tons in Q3 2024[13] - Production volume was 19.4 thousand metric tons in Q3 2024, a 15% decrease compared to Q3 2023 due to planned production shutdowns[15] - Net sales for Q3 2024 were $130.654 million, a decrease of 17.8% compared to $158.992 million in Q3 2023[44] - Sales volume in Q3 2024 was 26.4 thousand MT, an increase from 25.5 thousand MT in Q3 2023[53] Costs and Expenses - Cash costs on a per metric ton basis declined by 28% year-over-year in Q3 2024[6] - The company anticipates a 20% year-over-year decline in cash cost of goods sold per metric ton for the full year of 2024[18] - Cash cost of goods sold per MT decreased to $4,197 in Q3 2024 from $5,863 in Q3 2023, indicating improved cost efficiency[53] - Interest expense increased to $16.503 million in Q3 2024 from $15.719 million in Q3 2023[51] - The company reported a cash cost of goods sold per metric ton (MT) as a key measure for evaluating costs[37] Cash Flow and Liquidity - Cash flow from operating activities for Q3 2024 was $23.709 million, down from $51.495 million in Q3 2023[46] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $(13.676) million, compared to $67.269 million for the same period in 2023[46] - As of September 30, 2024, the company had liquidity of $253.8 million, consisting of cash and cash equivalents of $141.4 million[17] - The company is focused on evaluating liquidity through free cash flow and adjusted free cash flow measures[35] - Free cash flow for Q3 2024 was $19.682 million, a recovery from $(43.834) million in Q2 2024[52] Debt and Equity - As of September 30, 2024, total liabilities and stockholders' equity amounted to $1,142,998, a decrease from $1,288,889 as of December 31, 2023[40] - The company has a long-term debt of $929,313, which is slightly up from $925,511[40] - Total current liabilities decreased to $147,191 from $190,543[41] - Cash and cash equivalents decreased to $141,406 as of September 30, 2024, down from $176,878 at the end of 2023[41] - The accumulated deficit increased to $743,988 as of September 30, 2024, compared to $662,390 at the end of 2023[40] Management Focus - Adjusted EBITDA is the primary metric used by management to establish budgets and operational goals, reflecting the company's focus on operational performance[30] - The company is focusing on rationalization-related expenses, with adjustments reflecting ongoing cost management strategies[51] - The company expects a low double-digit percentage point year-over-year improvement in sales volume for the full year of 2024[17] Research and Development - Research and development expenses for Q3 2024 were $1.245 million, slightly down from $1.295 million in Q3 2023[44] Capital Expenditures - Capital expenditures in Q3 2024 were $(4.027) million, a decrease from $(8.498) million in Q3 2023[46] - Capital expenditures for Q3 2024 were $4.027 million, down from $6.979 million in Q2 2024[52]

GrafTech International (EAF) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, t ...

The Zacks Metal Products - Procurement and Fabrication industry has been witnessing a deceleration in orders of late due to subdued customer spending. The companies in the industry have been managing production levels in the wake of weak demand. Elevated input costs also continue to act as a headwind. Amid these conditions, industry players like ESAB Corporation (ESAB) , TriMas Corporation (TRS) , Northwest Pipe Company (NWPX) and GrafTech International (EAF) are poised to benefit from their proactive cost- ...

GrafTech International Ltd. (NYSE:EAF) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Mike Dillon - VP, IR and Corporate Communications Catherine Delgado - Interim CFO Tim Flanagan - CEO and President Jeremy Halford - COO Conference Call Participants Bill Peterson - JPMorgan Alex Hacking - Citi Andy Jones - UBS Abraham Landa - Bank of America Kirk Ludtke - Imperial Capital Arun Viswanathan - RBC Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______ to ______ Commission file number: 1-13888 GRAFTECH INTERNATIONAL LTD. (Exact name of registrant as specified in its charter) Delaware 27-2496053 (State o ...

GrafTech International (EAF) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. GrafTech, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $137.33 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 12.12%. This compares to year-ago revenues of $185.56 million. The co ...

EXHIBIT 99.1 GrafTech Reports Second Quarter 2024 Results Solid Execution Leads to Sequential Improvement in Key Metrics BROOKLYN HEIGHTS, Ohio - July 26, 2024 - GrafTech International Ltd. (NYSE: EAF) ("GrafTech," the "Company," "we," or "our") today announced unaudited financial results for the quarter and six months ended June 30, 2024. Second Quarter 2024 Summary CEO Comments "We continue to successfully execute our stated initiatives, which drove sequential improvement in key metrics for the quarter," ...

Time is Running Out for GrafTech Shareholders to Vote the BLUE Universal Proxy Card for Change and Improved Corporate Governance The Board Cannot Be Trusted to Protect Shareholder Value After 90% of Shareholder Value Destruction BOCA RATON, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Nilesh Undavia, one of the largest shareholders of GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company"), today issued the following open letter to shareholders of the Company in connection with the election of direc ...