Graftech International Stock Price, News & Analysis

GrafTech International Ltd. (NYSE:EAF) will host its Second Quarter 2021 Conference Call on August 6, 2021, at 10:00 a.m. EDT. The conference aims to discuss the financial results for the second quarter ending June 30, 2021, along with updates on current business initiatives. These results will be released before market open on the same day and can be accessed on their investor relations website. GrafTech is a leader in manufacturing graphite electrode products, benefiting from a vertically integrated supply chain in petroleum needle coke, enhancing quality and cost-effectiveness.

GrafTech International Ltd. (NYSE: EAF) has announced a secondary offering of 20,000,000 shares of its common stock, managed by an affiliate of Brookfield Asset Management. The offering is underwritten by J.P. Morgan Securities LLC, with all net proceeds going to the selling stockholder. GrafTech itself is not issuing new shares. This offering follows an effective shelf registration statement filed with the SEC. Investors are encouraged to review the preliminary prospectus for more details regarding the offering and associated risks.

GrafTech International Ltd. (NYSE: EAF) reported strong Q1 2021 results with a net income of $99 million, achieving a 32% income margin. Sales volume increased by 9% year-over-year to 37,000 metric tons, while production volume also rose to 36,000 metric tons. Adjusted EBITDA stood at $155 million, translating to a 51% margin. The company reduced its debt by $150 million and lowered its interest rate by 100 basis points. CEO David Rintoul expressed optimism regarding growing graphite electrode demand and expects improvements in pricing by the second half of 2021.

The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share, payable to stockholders of record as of May 28, 2021, with a payment date of June 30, 2021.

GrafTech is a leading manufacturer of high-quality graphite electrode products, crucial for electric arc furnace steel production. The company boasts a competitive portfolio of low-cost manufacturing facilities, including three of the world's highest capacity plants, and is substantially vertically integrated into the production of petroleum needle coke, its primary raw material.

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.