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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.

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%
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management
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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%
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Rhea-AI Summary
GrafTech International Ltd. to hold Q3 2023 Earnings Conference Call on November 3, 2023
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Rhea-AI Sentiment
End-of-Day
2.01%
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News
Rhea-AI Summary
GrafTech CEO Marcel Kessler to step down due to family reasons, effective Nov 15, 2023. Timothy Flanagan appointed as interim CEO. Catherine Hedoux-Delgado appointed as interim CFO. Jeremy Halford to assist Flanagan in investigation on use of assets for EV battery market. Search for non-interim CEO underway.
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Rhea-AI Sentiment
End-of-Day
2.13%
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none
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.56%
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Rhea-AI Sentiment
End-of-Day
1.27%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.36%
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Rhea-AI Sentiment
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0.6%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
management
GrafTech International Ltd.

NYSE:EAF

EAF Rankings

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.