GrafTech International Ltd

NYSE:EAFUnited States

Nov 12, 2024

Show headlines and story abstract

• GrafTech International Enters Agreement to Raise Capital, Improve Liquidity, from 11:14AM ET on Tuesday Nov 12, 2024 by MT Newswires

  11:14AM ET on Tuesday Nov 12, 2024 by MT Newswires
  Companies Mentioned: EAF
  11:14 AM EST, 11/12/2024 (MT Newswires) -- GrafTech International (EAF) said Tuesday that it has entered into a commitment and consent letter with its lenders to provide additional liquidity and help the company manage near-term industrywide challen...

• -- Earnings Flash (EAF) GRAFTECH INTERNATIONAL Posts Q3 Revenue $130.7M, from 6:41AM ET on Tuesday Nov 12, 2024 by MT Newswires

  6:41AM ET on Tuesday Nov 12, 2024 by MT Newswires
  Companies Mentioned: EAF
  06:41 AM EST, 11/12/2024 (MT Newswires) -- ...

• *DJ GrafTech International 3Q Loss/Shr 14c >EAF, from 6:40AM ET on Tuesday Nov 12, 2024 by Dow Jones

  6:40AM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: EAF
  ---------------------------------------------------------------------------- Nine Months Ended September 30, -------------------- Q3 2024 Q2 2024 Q3 2023 2024 2023 -------- -------- -------- -------- ---------- Cost of goods sold $134,885 $131,970 $157,603 $402,059 $427,464 Less: Depreciation and amortization(10) 16,281 12,648 15,291 41,136 37,961 Cost of goods sold - by-products and other(11) 7,806 9,301 430 26,707 13,720 Rationalization-related expenses(3) -- -- -- 2,655 -- ------- ------- ------- ------- ------- Cash cost of goods sold 110,798 110,021 141,882 331,561 375,783 Sales volume (in thousands of MT) 26.4 25.5 24.2 76.0 67.5 ------- ------- ------- ------- ------- Cash cost of goods sold per MT $ 4,197 $ 4,315 $ 5,863 $ 4,363 $ 5,567 ======= ======= ======= ======= ======= (1) Net periodic benefit cost for our pension and OPEB plans. (2) Severance and contract termination costs associated with the cost rationalization and footprint optimization plan announced in February 2024. (3) Other non-cash costs, primarily inventory and fixed asset write-offs, associated with the cost rationalization and footprint optimization plan announced in February 2024. (4) Non-cash (gains) losses from foreign currency remeasurement of non-operating assets and liabilities of our non-U.S. subsidiaries where the functional currency is the U.S. dollar. (5) Non-cash expense for stock-based compensation awards. (6) Expenses associated with our proxy contest. (7) Expense adjustment for future payment to our sole pre-initial public offering stockholder for tax assets that have been utilized. (8) The tax impact on the non-GAAP adjustments is affected by their tax deductibility and the applicable jurisdictional tax rates. (9) Receipt of cash related to the monthly settlement of our interest rate swap contracts prior to their termination in the second quarter of 2023, as well as receipt of cash related to the termination of the interest rate swap contracts. (10) Reflects the portion of depreciation and amortization that is recognized in cost of goods sold. (11) Primarily reflects cost of goods sold associated with the portion of our sales that consists of deliveries of by-products of the manufacturing processes.
  

• GrafTech Reports Third Quarter 2024 Results, from 6:40AM ET on Tuesday Nov 12, 2024 by Dow Jones

  6:40AM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: EAF
  ---------------------------------------------------------------------------- Nine Months Ended September 30, -------------------- Q3 2024 Q2 2024 Q3 2023 2024 2023 -------- -------- -------- -------- ---------- Cost of goods sold $134,885 $131,970 $157,603 $402,059 $427,464 Less: Depreciation and amortization(10) 16,281 12,648 15,291 41,136 37,961 Cost of goods sold - by-products and other(11) 7,806 9,301 430 26,707 13,720 Rationalization-related expenses(3) -- -- -- 2,655 -- ------- ------- ------- ------- ------- Cash cost of goods sold 110,798 110,021 141,882 331,561 375,783 Sales volume (in thousands of MT) 26.4 25.5 24.2 76.0 67.5 ------- ------- ------- ------- ------- Cash cost of goods sold per MT $ 4,197 $ 4,315 $ 5,863 $ 4,363 $ 5,567 ======= ======= ======= ======= ======= (1) Net periodic benefit cost for our pension and OPEB plans. (2) Severance and contract termination costs associated with the cost rationalization and footprint optimization plan announced in February 2024. (3) Other non-cash costs, primarily inventory and fixed asset write-offs, associated with the cost rationalization and footprint optimization plan announced in February 2024. (4) Non-cash (gains) losses from foreign currency remeasurement of non-operating assets and liabilities of our non-U.S. subsidiaries where the functional currency is the U.S. dollar. (5) Non-cash expense for stock-based compensation awards. (6) Expenses associated with our proxy contest. (7) Expense adjustment for future payment to our sole pre-initial public offering stockholder for tax assets that have been utilized. (8) The tax impact on the non-GAAP adjustments is affected by their tax deductibility and the applicable jurisdictional tax rates. (9) Receipt of cash related to the monthly settlement of our interest rate swap contracts prior to their termination in the second quarter of 2023, as well as receipt of cash related to the termination of the interest rate swap contracts. (10) Reflects the portion of depreciation and amortization that is recognized in cost of goods sold. (11) Primarily reflects cost of goods sold associated with the portion of our sales that consists of deliveries of by-products of the manufacturing processes.
  

• GrafTech Announces Agreement for New Capital to Bolster Liquidity, from 6:40AM ET on Tuesday Nov 12, 2024 by Dow Jones

  6:40AM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: EAF
  
  dividends on our common stock, which are currently suspended, will remain suspended and we may not pay cash dividends on our common stock in the future; our ability to continue to meet NYSE continued listing standards; and the ability to satisfy the conditions precedent with respect to the new financings.