GrafTech International(US:EAF)2024-04-26 22:28Financial Performance - Q1 2024 net loss was $31 million, or $0.12 loss per share[10] - Adjusted EBITDA for Q1 2024 was $0.2 million[10] - Net sales declined primarily due to lower weighted-average realized prices and a shift in mix from LTA volume to non-LTA volume[9] - Q1 2024 sales volume was 24,400 metric tons[9] Steel Industry and Production - Q1 2024 global steel production, excluding China, was 213 million tons, compared to 205 million tons in Q1 2023, representing a 3.9% increase[8] - The company's Q1 2024 production volume increased by 65%, and sales volume increased by 43% compared to Q1 2023[67] Liquidity and Debt - The company's liquidity as of March 31, 2024, was $275 million, including $165 million in cash and $110 million in revolver availability[11] - There are no debt maturities until December 2028[57] Strategic Initiatives - The company is executing a cost rationalization and footprint optimization plan[5] - The company is focused on providing value-added services and solutions for customers[14] - The company is pursuing long-term growth opportunities that leverage its unique capabilities[62]