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GrafTech International Ltd. (NYSE:EAF) announced CEO David J. Rintoul's intent to retire by June 2022, with a search for his successor underway. Chairman Denis Turcotte expressed gratitude for Rintoul's leadership since the company's IPO in 2018. GrafTech specializes in high-quality graphite electrode production, essential for steel manufacturing, and is uniquely vertically integrated into petroleum needle coke supply, enhancing their market position.
Facilio, a leader in property operations software, secured $35 million in Series B funding led by Dragoneer Investment Group, with participation from Brookfield Growth and existing investors. This investment aims to enhance Facilio's AI-driven platform that optimizes property operations by integrating data from various systems. Founded in 2017, the company serves a broad client base across commercial real estate, healthcare, and education sectors, and is positioned to lead the shift towards IoT-connected buildings. Facilio operates within the $50 billion commercial real estate software market.
Brookfield Asset Management announced an 8% dividend increase to $0.14 per share, with record financial results for 2021. The company reported a net income of $12.4 billion and distributable earnings of $6.3 billion, marking a 49% year-over-year increase. Capital inflows reached $71 billion, supported by significant asset sales totaling $42 billion. Key highlights include a 33% rise in fee-related earnings, reaching $1.9 billion, and a record carried interest of $1.7 billion, contributing to strong future growth potential.
GrafTech International Ltd. (NYSE: EAF) reported strong financial results for Q4 and full year 2021, highlighting a net income of $141 million in Q4 and $388 million for the year, with adjusted EPS of $0.50 and $1.74 respectively. Sales volumes increased 19% in Q4 and 24% over the year. The company reduced total debt by $400 million in 2021 and achieved an adjusted EBITDA of $670 million, maintaining a robust 50% margin. Looking ahead, GrafTech expects further increases in graphite electrode prices and aims to continue strengthening its balance sheet amid a favorable steel market outlook.
Brookfield announced a public offering of $400 million in senior notes due 2052, bearing a 3.625% interest rate. Additionally, a $400 million re-opening of 3.900% notes due 2028 was priced, bringing the total for this series to $1.05 billion. The proceeds from the 2052 notes will finance green investments in line with Brookfield's Green Bond Framework. The notes are offered under an existing base shelf prospectus in Canada and a registration statement in the U.S.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share for stockholders of record as of February 28, 2022, with a payment date of March 31, 2022.
GrafTech specializes in high-quality graphite electrode products crucial for electric arc furnace steel production. The company maintains a competitive edge with its vertically integrated manufacturing facilities, significantly enhancing product quality and reducing costs.
BROOKFIELD is set to host its fourth quarter 2021 conference call and webcast on February 10, 2022, at 10:00 a.m. (ET). Results will be released before 7:00 a.m. (ET) and can be accessed on their website. Participants may join via conference call or webcast, with registration required for both options. A playback of the call will be available until February 24, 2022.
BROOKFIELD, listed as BAM on NYSE, manages approximately US$650 billion in assets across various sectors.
GrafTech International Ltd. (NYSE:EAF) will host its Fourth Quarter and Full Year 2021 Conference Call on February 4, 2022, at 10:00 a.m. (EST), discussing unaudited financial results for the year ending December 31, 2021. The results will be released before market open on the same day and available on their investor relations website. GrafTech is a leading manufacturer of graphite electrode products, crucial for electric arc furnace steel production, and has a competitive edge with vertically integrated manufacturing facilities.
Brookfield has successfully closed its latest real estate debt fund, BREF VI, surpassing its target with over $4 billion in commitments. Nearly 50 investors from public and private pensions, foundations, and financial institutions participated. Brookfield invested $400 million in the fund, emphasizing its commitment alongside investors. So far, the fund has made 15 investments exceeding $700 million in mezzanine lending, focusing on high-quality real estate assets primarily in the U.S. and selectively in Europe.
Brookfield announced that Bruce Flatt, the CEO, will present at the Goldman Sachs 2021 Financial Services Conference on December 8, 2021, at 10:00am ET. A live webcast will be available on the Brookfield website for those interested in joining remotely. For individuals unable to attend, a recording will be accessible shortly after the event.
Brookfield manages approximately US$650 billion in assets across various sectors, including real estate and renewable power, and is listed on the New York and Toronto stock exchanges under the symbols BAM and BAM.A.