Welcome to our dedicated page for Graftech International news (Ticker: EAF), a resource for investors and traders seeking the latest updates and insights on Graftech International stock.
GrafTech International Ltd. (NYSE: EAF) is a manufacturer of graphite electrode products and petroleum needle coke used in electric arc furnace steelmaking and other ferrous and non-ferrous metal production. The EAF news page on Stock Titan aggregates company-specific news so readers can follow how GrafTech describes its operating performance, capital markets actions, and governance developments over time.
Recent GrafTech news releases have focused on quarterly financial results, including sales volume trends, pricing dynamics, cost reduction initiatives, and liquidity. The company has highlighted changes in sales volume across regions, such as growth in the United States, and discussed reductions in cash cost of goods sold per metric ton as part of its efforts to move toward what it calls normalized levels of profitability and cash flow. Earnings releases also describe production volumes, capacity utilization, and the company’s approach to managing working capital and capital expenditures.
In addition to earnings updates, GrafTech’s news flow has included announcements of earnings conference calls and webcasts for specific quarters and for full-year results. These notices provide details on when management will discuss financial results and current business initiatives. The company has also issued news about NYSE listing matters, including receipt of a continued listing standards notice related to minimum share price and a subsequent announcement that it regained compliance with the NYSE’s minimum share price requirement.
Another recurring topic in GrafTech’s news is capital structure and share-related actions. In 2025, the company announced that its Board of Directors approved a 1-for-10 reverse stock split of its common stock, following stockholder approval at a special meeting. Related news explains the effective date of the reverse split and confirms that the stock continues to trade on the NYSE under the symbol EAF on a reverse split-adjusted basis.
By reviewing the EAF news feed, readers can see how GrafTech communicates about its graphite electrode and petroleum needle coke business, its response to market conditions in the steel and metals value chain, and its corporate actions. Investors and observers can use this page to access a chronological view of GrafTech’s press releases and updates.
GrafTech International (NYSE: EAF) announced that its subsidiaries have commenced exchange offers for their existing notes. The exchange offers include GrafTech Finance's 4.625% senior secured notes due 2028 and GrafTech Global's 9.875% senior secured notes due 2028, to be exchanged for new second lien notes due 2029 with the same interest rates. Supporting Noteholders representing approximately 89% of the 4.625% Notes and 72% of the 9.875% Notes have agreed to participate.
The exchange offers include consent solicitations to modify the existing notes' indentures, requiring majority holder consent to eliminate restrictive covenants and 66 2/3% consent to release collateral. The offers will expire on December 20, 2024, at 5:00 pm NYC time.
GrafTech International (NYSE: EAF) has announced a significant financial restructuring agreement with its lenders. The transaction includes $175 million in new senior secured first lien term loans and $100 million in delayed draw term loans available for 19 months. The company will also exchange existing notes for new second lien notes maturing in 2029 and establish a new $225 million revolving credit facility extending to November 2028. This restructuring is expected to increase the company's liquidity from $254 million to $529 million as of September 30, 2024, helping GrafTech navigate through current industry-wide challenges.
GrafTech International (NYSE: EAF) reported third quarter 2024 financial results with net sales of $131 million and a net loss of $36 million ($0.14 per share). The company achieved a 9% year-over-year sales volume growth to 26.4 thousand metric tons and generated positive cash flow through working capital management. The company announced a new financing agreement including $175 million in new senior first lien term loans and commitments for an additional $100 million. Despite challenging market conditions, GrafTech reduced cash costs by 28% year-over-year and generated $20 million in adjusted free cash flow during Q3 2024.
GrafTech International (NYSE: EAF) has successfully regained compliance with the New York Stock Exchange's continued listing standards. The company had previously received a notice on August 7, 2024, for non-compliance due to its average closing stock price falling below $1.00 over a 30-day trading period. As of October 31, 2024, GrafTech has maintained the required minimum share price of $1.00 over the subsequent 30-day trading period, ensuring its continued listing on the NYSE.
GrafTech International (NYSE:EAF) has announced its Third Quarter 2024 Earnings Conference Call and Webcast, scheduled for Tuesday, November 12, 2024, at 10:00 a.m. (EST). The company will release its financial results for the quarter ended September 30, 2024, before market open on the same day. Senior management will host the call to discuss financial results and current business initiatives. The conference call will be accessible via toll-free dial-in for North American participants and through webcast on the company's website.
GrafTech International (NYSE: EAF) has announced the appointment of Rory O'Donnell as its new Chief Financial Officer and Senior Vice President, effective September 3, 2024. O'Donnell will report directly to CEO Timothy Flanagan and oversee all financial aspects of the company. He brings extensive financial expertise from his previous roles, including serving as Senior VP, Controller, and Principal Accounting Officer at Covia , where he also held the position of Interim CFO. Prior experiences include senior positions at Signet Jewelers and Cleveland-Cliffs Inc. O'Donnell holds a B.S. in Accounting from the University of Dayton and is a licensed CPA in Ohio.
GrafTech International (NYSE: EAF) has received a continued listing standards notice from the New York Stock Exchange (NYSE) due to its average closing stock price falling below $1.00 over a 30-day trading period. The company has a six-month cure period to regain compliance by achieving a closing share price and 30-day average closing price of at least $1.00. GrafTech intends to remain listed on the NYSE and is considering options to address the issue, including a potential reverse stock split subject to stockholder approval. The notice does not result in immediate delisting, and GrafTech's stock will continue to trade on the NYSE during the cure period. This development is not expected to impact the company's ongoing business operations or SEC reporting requirements.
GrafTech International (NYSE: EAF) reported its Q2 2024 financial results, showing sequential improvements despite ongoing market challenges. Key highlights include:
- Net sales of $137 million
- Net loss of $15 million, or $0.06 per share
- Adjusted EBITDA of $14 million
- 6% sequential increase in sales volume to 25.5 thousand MT
- Capacity utilization increased to 60%
- 18% reduction in cash costs per metric ton compared to Q2 2023
The company continues to face weak demand and challenging pricing dynamics in the graphite electrode market. However, GrafTech remains focused on cost reduction initiatives and improving customer engagement to navigate the current commercial environment.
GrafTech International (NYSE:EAF), a key producer of graphite electrode products for electric arc furnace (EAF) steel manufacturing, has released its 2023 Sustainability Report. This report outlines the company's ongoing efforts in environmental, social, and governance (ESG) areas. CEO Timothy Flanagan emphasized GrafTech's role in supporting environmentally friendly steel production through their products. The report is accessible on GrafTech's website, and feedback is encouraged via email at sustainability@graftech.com.
GrafTech International (NYSE:EAF) announced it will hold its Second Quarter 2024 Earnings Conference Call and Webcast on Friday, July 26, 2024, at 10:00 a.m. (EDT). Senior management will discuss the company's financial results for the quarter ending June 30, 2024, alongside current business initiatives. The financial results will be released prior to market open on the same day and will be accessible on the company's investor relations website.
Participants in North America can dial in toll-free at +1 (800) 717-1738, while overseas callers can use +1 (289) 514-5100, using conference ID: 40706. Additionally, live audio and archived replays of the conference call will be available via webcast on GrafTech's investor relations website.