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GrafTech International Ltd. - EAF STOCK NEWS

Welcome to our dedicated news page for GrafTech International Ltd. (Ticker: EAF), a resource for investors and traders seeking the latest updates and insights on GrafTech International Ltd..

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.

News
GrafTech Announces First Quarter 2024 Earnings Conference Call and Webcast
Rhea-AI Summary
GrafTech International (EAF) announces First Quarter 2024 Earnings Conference Call and Webcast to discuss financial results and business initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.34%
Tags
earnings
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News
GrafTech’s Board of Directors Issues Open Letter to Stockholders
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
management
-
News
GrafTech Announces Appointment of Timothy K. Flanagan as Chief Executive Officer and President
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
Tags
management
News
GrafTech Statement on Open Letter from Dissident Stockholder
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.74%
Tags
none
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News
GrafTech Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
earnings
-
News
GrafTech Statement on Director Nominations
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.69%
Tags
none
News
GRAFTECH SHAREHOLDER ACTION REMINDER
Rhea-AI Summary
Faruqi & Faruqi, LLP is investigating potential claims against GrafTech International Ltd. (NYSE: EAF) for violating federal securities laws by making false statements regarding environmental issues in Monterrey, Mexico. Investors have until March 25, 2024, to seek lead plaintiff status in a class action lawsuit. GrafTech's stock price fell after disclosing operational suspensions and financial results showing a 62% sales decline and a net loss of over $7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
none
-
News
GrafTech Announces Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast
Rhea-AI Summary
GrafTech International Ltd. (EAF) will hold its Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast on February 14, 2024, to discuss financial results and current business initiatives. The call will be hosted by senior management, and the financial results will be released before market open.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News
GrafTech Announces Increased Public Float through Consortium Stock Distribution and Board Resignation
Rhea-AI Summary
GrafTech International Ltd. (NYSE: EAF) announced that its 25% shareholder, Brookfield Business Partners LP, distributed all 63.8 million of their shares to a consortium of investors, increasing the public float of the Company from approximately 75% to approximately 88%. This reduced Brookfield's ownership to approximately 12%, leading to the resignation of a Brookfield designated director from the Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
management
News
GrafTech Reports Third Quarter 2023 Results
Rhea-AI Summary
GrafTech International Ltd. (NYSE: EAF) reported a net loss of $23 million in Q3 2023, with adjusted EBITDA of $1 million. Sales volume was 24 thousand metric tons, and net cash provided by operating activities was $51 million. The decline in net sales was due to softness in demand for graphite electrodes and a shift in business mix. The company remains focused on managing costs and making targeted investments to improve its strategic positioning.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.09%
Tags
earnings
Stock EAF logo
GrafTech International Ltd.

NYSE:EAF

EAF Rankings

#3175 Ranked by Market Cap
#4074 Ranked by Stock Gains
#1215 Ranked by Dividends

EAF Stock Data

462.30M
193.26M
15.63%
84.85%
5.24%
Carbon and Graphite Product Manufacturing
Manufacturing
Link
United States
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.