Graftech International Stock Price, News & Analysis

GrafTech International Ltd. (NYSE:EAF) will hold its First Quarter 2021 Conference Call on May 5, 2021, at 10:00 a.m. EDT. Senior management will discuss financial results for Q1 2021, ending March 31, and current business initiatives. Financial results will be released before market open on the same day, accessible on their investor relations website. Participants can join the call via phone or webcast, with replays available until August 5, 2021. GrafTech is a key manufacturer of graphite electrode products, benefiting from low-cost production and vertical integration in petroleum needle coke.

GrafTech International Ltd. (NYSE: EAF) announced an underwritten secondary offering of 30,000,000 shares of its common stock by an affiliate of Brookfield Asset Management. The selling stockholder will receive all net proceeds, while GrafTech will not offer additional shares. Morgan Stanley & Co. LLC will serve as the sole underwriter. This move follows an effective shelf registration statement filed with the SEC. Investors are encouraged to review the related prospectus for comprehensive information.

GrafTech International Ltd. (NYSE: EAF) reported its fourth quarter and full year 2020 financial results, showing a net income of $434 million or $1.62 per share. For the year, net sales declined to $1.2 billion from $1.8 billion in 2019, primarily due to lower sales volumes. Adjusted EBITDA stood at $659 million, down from $1,048 million the previous year. Despite challenges, the company improved its balance sheet by reducing debt by $400 million and maintained a high on-time delivery rate of 97%. GrafTech anticipates a recovery in demand for graphite electrodes in alignment with the steel industry’s improvement.

The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has announced a quarterly cash dividend of $0.01 per share, payable to stockholders of record as of February 26, 2021, with a payment date set for March 31, 2021.

GrafTech is a major manufacturer of high-quality graphite electrode products integral to the electric arc furnace steel production. With vertically integrated manufacturing capabilities, the company holds a competitive edge in product quality and cost-effectiveness.

GrafTech International Ltd. (NYSE: EAF) announced a secondary offering of 20,000,000 shares of its common stock, managed by Brookfield Asset Management and Brookfield Business Partners. The selling stockholder will retain all net proceeds, while GrafTech itself is not offering any shares. Morgan Stanley is the sole underwriter. This offering is made under an effective shelf registration statement with the SEC. The announcement highlights the company's reliance on its majority ownership and the potential implications for shareholder value.

GrafTech International Ltd. (NYSE:EAF) will conduct its Fourth Quarter and Full Year 2020 Conference Call on February 5, 2021, at 10:00 a.m. EST. This call will present unaudited financial results for the period ending December 31, 2020, alongside discussions on current business initiatives. The financial data will be published prior to the market opening on the same day and available on their investor relations website. Investors can participate by dialing designated numbers or joining via a webcast.

GrafTech International Ltd. (NYSE: EAF) announced an underwritten secondary offering of 8,500,000 shares of its common stock, an increase of 1,500,000 shares from a prior announcement. The offering, led by Brookfield Asset Management affiliates, will see selling stockholders receive all net proceeds, with no shares offered by GrafTech itself. Morgan Stanley & Co. LLC is the sole underwriter. The offering is made under an effective shelf registration statement and will be filed with the SEC. GrafTech specializes in high-quality graphite electrode products for steel production.

GrafTech International Ltd. (NYSE: EAF) announced plans for a secondary offering of 7,000,000 shares of its common stock by Brookfield Asset Management and Brookfield Business Partners. The offering is subject to market conditions and is being underwritten solely by Morgan Stanley & Co. LLC. Importantly, GrafTech is not issuing any new shares, and all proceeds will go to the selling stockholders. This offering is part of an effective shelf registration with the SEC, and detailed information will be available in the associated prospectus.

GrafTech International Ltd. (NYSE: EAF) announced pricing for its private offering of $500 million in 4.625% Senior Secured Notes due 2028. The offering is expected to close on December 22, 2020. Proceeds will be used to repay existing secured term loans and cover related expenses. The Notes will be guaranteed by GrafTech and its subsidiaries and secured by collateral under its credit agreement. The offering is exclusively for qualified institutional buyers and non-U.S. persons, not registered under the Securities Act.