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GrafTech International Ltd. - $EAF STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GrafTech International Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GrafTech International Ltd.'s position in the market.

Rhea-AI Summary

GrafTech International (NYSE: EAF) is urging stockholders to vote for the Board-recommended nominees, Ms. Debra Fine and Mr. Anthony Taccone, using the WHITE proxy card for the upcoming Annual Meeting. The Board's nomination of these two individuals, supported by ISS, aims to enhance the company's governance and drive value for stockholders. GrafTech emphasizes the importance of every vote and urges stockholders to avoid voting for the dissident nominee, Mr. Nilesh Undavia.

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Rhea-AI Summary

In a recent press release, GrafTech International (NYSE: EAF) announced that leading proxy advisory firm Institutional Shareholder Services (ISS) recommended GrafTech stockholders vote 'FOR' the nominees recommended by GrafTech's Board of Directors, Ms. Debra Fine and Mr. Anthony Taccone, using the WHITE proxy card. ISS also recommended voting 'WITHHOLD' on dissident nominee Mr. Nilesh Undavia. The report highlighted that the board of GrafTech is addressing the company's issues effectively, indicating no need for further change at the board level.

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5.06%
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Rhea-AI Summary
GrafTech International (NYSE: EAF) reported its first-quarter 2024 financial results, showcasing a net loss of $31 million, or $0.12 per share, and adjusted EBITDA of $0.2 million. The company focused on cost reduction strategies and preserving long-term growth opportunities, resulting in an 18% decline in cash costs per metric ton compared to the previous year. Sales volume increased by 43%, but net loss grew due to lower weighted-average realized prices and a shift in business mix. The company remains confident in addressing challenges and anticipates long-term growth in demand for graphite electrodes.
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GrafTech International (NYSE: EAF) published an investor presentation related to the 2024 Annual Meeting of Stockholders. The company issued a statement in response to comments from a dissident stockholder, urging stockholders to vote 'FOR' the Board-recommended nominees using the WHITE proxy card. The additional proxy materials were filed with the SEC for the Annual Meeting on May 9, 2024, containing a presentation from the Board addressing various matters.
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GrafTech International (EAF) announces First Quarter 2024 Earnings Conference Call and Webcast to discuss financial results and business initiatives.
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6.34%
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GrafTech International (NYSE: EAF) files proxy materials for its 2024 Annual Meeting of Stockholders, urging stockholders to vote 'FOR' Board-recommended nominees. The company has taken decisive actions to address the cyclical downturn, including cost reductions and refinancing debt. The management team is implementing initiatives to navigate current challenges and capitalize on long-term growth opportunities. GrafTech is confident in its ability to restore revenue growth and enhance customer relationships through new product offerings and expanded contract terms. The company is well-positioned to benefit from the transition in the global steel industry towards EAF steelmaking and the growing EV market.
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management
Rhea-AI Summary
GrafTech International (NYSE: EAF) appoints Timothy K. Flanagan as Chief Executive Officer and President, effective March 26, 2024. The Board is confident in his leadership abilities based on his extensive experience in the steel industry. Flanagan's appointment is seen as a strategic move to drive long-term growth and capitalize on the Company's strengths.
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2.36%
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GrafTech International Ltd. responds to an open letter from investor Nilesh Undavia, who intends to nominate himself for election to the Board of Directors at the 2024 Annual Meeting. GrafTech affirms its highly qualified Board and commitment to strong corporate governance practices.
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GrafTech International Ltd. (NYSE: EAF) reported a net loss of $217 million in Q4 2023, with adjusted EBITDA of negative $22 million. The company announced cost rationalization and footprint optimization plans to tackle weak demand and pricing pressures. Key initiatives include indefinitely suspending production at the St. Marys facility and reducing overhead expenses, targeting annualized cost savings of $25 million. Despite challenging market conditions, GrafTech remains confident in its ability to meet customer needs and capitalize on long-term growth opportunities.
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1.52%
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Rhea-AI Summary
GrafTech International Ltd. confirms private investor Nilesh Undavia's intent to nominate two individuals for election to the Board of Directors at the 2024 Annual Meeting. The Company emphasizes its qualified and diverse Board committed to strong corporate governance practices. GrafTech will review Undavia's nominees and provide recommendations to the Board.
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GrafTech International Ltd.

NYSE:EAF

EAF Rankings

EAF Stock Data

455.19M
193.26M
15.63%
84.85%
5.24%
Carbon and Graphite Product Manufacturing
Manufacturing
Link
United States of America
BROOKLYN HEIGHTS

About EAF

graftech international is a global company with over 125 years in the graphite materials industry, offering innovative solutions for the most challenging applications. its customers are located in more than 70 countries and represent a wide range of industries and end markets, including steel manufacturing, advanced energy and latest generation electronics. graftech operates 20 principal manufacturing facilities on four continents and employs 3,000 people.