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. (EAF) is a global leader in graphite electrode manufacturing and petroleum needle coke production, essential components for electric arc furnace steelmaking and industrial applications. This news hub provides investors and industry professionals with comprehensive updates on corporate developments, operational milestones, and market positioning.
Access official press releases and curated analysis covering earnings reports, production innovations, strategic partnerships, and sustainability initiatives. Our collection focuses on material developments affecting GrafTech's role in steel manufacturing supply chains and industrial material markets.
Key updates include product line expansions, operational efficiency improvements, and global market penetration efforts. Content is organized to highlight technological advancements in graphite material science and their implications for energy-intensive industries.
Bookmark this page for streamlined access to GrafTech's evolving business narrative. Check regularly for verified updates on quality control advancements, raw material sourcing developments, and leadership announcements critical to understanding the company's industrial impact.
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.
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.
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.
GrafTech International reported strong financial results for Q3 2021, achieving a net income of $120 million ($0.45 per share) with a 35% net income margin. Sales increased 33% year-over-year to $347 million. Adjusted EBITDA rose 12% to $172 million, reflecting a 50% margin. The company reduced debt by $100 million this quarter and $300 million year-to-date. With a new $150 million stock repurchase program, GrafTech aims to enhance shareholder value amidst rising graphite electrode prices, expected to increase by 7-9% in Q4.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share. This dividend is for stockholders of record as of the close of business on November 30, 2021, and will be paid on December 31, 2021. GrafTech is a leading manufacturer of high-quality graphite electrode products, integral to electric arc furnace steel production, and is vertically integrated into petroleum needle coke, enhancing its competitive edge in manufacturing.
GrafTech International Ltd. (NYSE: EAF) has launched a $150 million stock repurchase program, with $46 million already utilized in Q3. This program permits repurchases of an additional $163 million, including $13 million carried over from the prior program. CEO David J. Rintoul emphasized a commitment to enhancing shareholder value through disciplined capital allocation while also focusing on business investments and debt reduction. The repurchase amount and timing depend on market conditions and other factors, and the program does not have a set expiration date.
GrafTech International Ltd. (NYSE:EAF) announced that Quinn J. Coburn will retire as Chief Financial Officer on November 29, 2021, but will remain as Senior Vice President until the 2022 Annual Meeting of Stockholders on May 12, 2022. Timothy K. Flanagan, formerly with Cleveland-Cliffs Inc., will take over the CFO role on the same date. David Rintoul, CEO, praised Coburn's contributions over 11 years, including facilitating the company's IPO in April 2018. Flanagan brings extensive financial experience to his new role at GrafTech.
GrafTech International Ltd. (NYSE:EAF) is set to hold its Third Quarter 2021 Conference Call on November 5, 2021, at 10:00 a.m. EDT. The call will cover financial results for Q3 and the nine months ending September 30, 2021. Results will be released before market open on the same day and can be accessed on their investor relations website.
GrafTech produces high-quality graphite electrodes crucial for electric arc furnace steel production, benefiting from vertical integration into petroleum needle coke.
GrafTech International Ltd. (NYSE:EAF) will have its President and CEO, David Rintoul, speak at the virtual 2021 RBC Capital Markets Global Industrials Conference on September 10, 2021, at 10:00 a.m. (EDT). The event will be available for live streaming from the company's Investor Relations webpage. An archived version will be accessible until September 9, 2022. GrafTech is a premier manufacturer of graphite electrode products, crucial for electric arc furnace steel production, and is notably vertically integrated into petroleum needle coke supply.
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