Graftech International Stock Price, News & Analysis

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.

GrafTech International Ltd. (NYSE: EAF) reported its second quarter 2021 results, showing net income of $28 million or $0.11 per share, impacted by one-time charges of $88 million due to a change in control. Adjusted net income reached $114 million or $0.43 per share, marking a 19% increase year-over-year. Sales volume surged 16% sequentially and 39% year-over-year. Production also rose 22% sequentially. Despite the challenges, CEO David Rintoul expressed optimism for the graphite electrode market, anticipating continued price improvements into 2022.

The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share. This dividend is payable to stockholders of record as of August 31, 2021, with a payment date set for September 30, 2021. GrafTech, a leader in manufacturing graphite electrode products, benefits from low-cost manufacturing facilities and vertical integration into petroleum needle coke, enhancing its competitive edge in quality and cost-effectiveness.