GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes. The company sells its products primarily through direct sales force, independent sales representatives, and distributors. GrafTech International Ltd. was founded in 1886 and is headquartered in Brooklyn Heights, Ohio.
IPO Year: 2018
Exchange: NYSE
Website: graftech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/16/2024 | Neutral → Underweight | JP Morgan | |
| 1/16/2024 | $2.00 | Neutral | UBS |
| 7/13/2022 | $10.00 → $7.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 6/7/2022 | $13.00 → $10.00 | Buy → Neutral | Citigroup |
Delivering on Outlook and Successfully Executing Strategic Initiatives to Reduce Costs Announcing Agreement for New Capital to Bolster Liquidity GrafTech International Ltd. (NYSE:EAF) ("GrafTech," the "Company," "we," or "our") today announced unaudited financial results for the quarter and nine months ended September 30, 2024. In a separate press release, dated November 12, 2024, the Company also announced that it has entered into a commitment and consent letter (the "Commitment Letter") with lenders holding all of its existing revolving commitments and an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend maturi
Transaction expected to provide additional liquidity to help withstand near-term industrywide challenges GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") today announced that it has entered into a commitment and consent letter with lenders holding all of its existing revolving commitments, an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend maturities of its existing debt, and Barclays Bank plc, as a fronting lender. Pursuant to the terms of the commitment and consent letter, GrafTech expects to (i) incur $175 million of new senior secured first lien term loans on the closing date of the tran
GrafTech International Ltd. (NYSE:EAF) ("GrafTech", the "Company", "we" or "our") announced today that it received a letter from the New York Stock Exchange (the "NYSE") notifying GrafTech that it has regained compliance with the NYSE's continued listing standards criteria of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual ("Section 802.01C"). As previously announced, on August 7, 2024, the NYSE notified GrafTech that it was not in compliance with the NYSE's continued listing standards because the average closing price of the Company's common stock per the notice was less than $1.00 per share over the consecutive 30 trading-day period ended August 5,
GrafTech International Ltd. (NYSE:EAF) (the "Company") will hold its Third Quarter 2024 Earnings Conference Call and Webcast on Tuesday, November 12, 2024 at 10:00 a.m. (EST). The call will be hosted by senior management to discuss financial results for the third quarter ended September 30, 2024 and current business initiatives. These financial results will be released on Tuesday, November 12, 2024 before market open and will be available on our investor relations website at: http://ir.graftech.com. The conference call dial-in number is +1 (800) 717-1738 toll-free in North America or +1 (289) 514-5100 for overseas calls, conference ID: 65597. Live audio of the conference call will be avail
GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") announced today that the Company's Board of Directors (the "Board") has appointed Rory O'Donnell to the position of Chief Financial Officer and Senior Vice President of the Company, effective September 3, 2024. Mr. O'Donnell will serve as a member of the Company's executive leadership team and report directly to Chief Executive Officer and President Timothy Flanagan. He will be responsible for overseeing all financial aspects of the Company. "I am pleased to announce Rory's appointment as the Company's Chief Financial Officer and welcome him to GrafTech," said Timothy Flanagan, Chief Executive Officer and President. "Wit
GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") announced today that it received written notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it is not in compliance with the NYSE's continued listing standards because the average closing price of the Company's common stock per the Notice was less than $1.00 per share over the consecutive 30 trading-day period ended August 5, 2024. The Notice does not result in the immediate delisting of the Company's common stock from the NYSE. In accordance with applicable NYSE rules, the Company plans to timely notify the NYSE that it intends to cure the stock price deficiency and return to compliance with the ap
Solid Execution Leads to Sequential Improvement in Key Metrics GrafTech International Ltd. (NYSE:EAF) ("GrafTech," the "Company," "we," or "our") today announced unaudited financial results for the quarter and six months ended June 30, 2024. Second Quarter 2024 Summary Significant cost improvement reflects actions to aggressively address key elements of our cost structure Sequential improvement in sales volume of 6% and capacity utilization increase to 60% Net sales of $137 million Net loss of $15 million, or $0.06 per share(1) Adjusted EBITDA(2) of $14 million Net cash used in operating activities of $37 million and adjusted free cash flow(2) of negative $44 million
GrafTech International Ltd. (NYSE:EAF) (the "Company" or "GrafTech"), a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace ("EAF") steel, today announced the publication of its 2023 Sustainability Report, highlighting the Company's environmental, social, and governance ("ESG") efforts and initiatives. "We are pleased to share GrafTech's 2023 Sustainability Report, highlighting our continued progress regarding ESG initiatives," commented Timothy Flanagan, Chief Executive Officer and President. "As a leading provider of a product that is mission critical to EAF steelmaking, an environmentally friendly alternative to tradition
GrafTech International Ltd. (NYSE:EAF) (the "Company") will hold its Second Quarter 2024 Earnings Conference Call and Webcast on Friday, July 26, 2024 at 10:00 a.m. (EDT). The call will be hosted by senior management to discuss financial results for the second quarter ended June 30, 2024 and current business initiatives. These financial results will be released on Friday, July 26, 2024 before market open and will be available on our investor relations website at: http://ir.graftech.com. The conference call dial-in number is +1 (800) 717-1738 toll-free in North America or +1 (289) 514-5100 for overseas calls, conference ID: 40706. Live audio of the conference call will be available via web
Time is Running Out for GrafTech Shareholders to Vote the BLUE Universal Proxy Card for Change and Improved Corporate Governance The Board Cannot Be Trusted to Protect Shareholder Value After 90% of Shareholder Value Destruction BOCA RATON, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Nilesh Undavia, one of the largest shareholders of GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company"), today issued the following open letter to shareholders of the Company in connection with the election of directors for the Company's board of directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders ("Annual Meeting") to be held on May 9, 2024: May 6, 2024 Dear Fellow Sha
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Transaction expected to provide additional liquidity to help withstand near-term industrywide challenges GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") today announced that it has entered into a commitment and consent letter with lenders holding all of its existing revolving commitments, an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend maturities of its existing debt, and Barclays Bank plc, as a fronting lender. Pursuant to the terms of the commitment and consent letter, GrafTech expects to (i) incur $175 million of new senior secured first lien term loans on the closing date of the tran
GrafTech International Ltd. (NYSE:EAF) (the "Company") will hold its Third Quarter 2024 Earnings Conference Call and Webcast on Tuesday, November 12, 2024 at 10:00 a.m. (EST). The call will be hosted by senior management to discuss financial results for the third quarter ended September 30, 2024 and current business initiatives. These financial results will be released on Tuesday, November 12, 2024 before market open and will be available on our investor relations website at: http://ir.graftech.com. The conference call dial-in number is +1 (800) 717-1738 toll-free in North America or +1 (289) 514-5100 for overseas calls, conference ID: 65597. Live audio of the conference call will be avail
GrafTech International Ltd. (NYSE:EAF) (the "Company") will hold its Second Quarter 2024 Earnings Conference Call and Webcast on Friday, July 26, 2024 at 10:00 a.m. (EDT). The call will be hosted by senior management to discuss financial results for the second quarter ended June 30, 2024 and current business initiatives. These financial results will be released on Friday, July 26, 2024 before market open and will be available on our investor relations website at: http://ir.graftech.com. The conference call dial-in number is +1 (800) 717-1738 toll-free in North America or +1 (289) 514-5100 for overseas calls, conference ID: 40706. Live audio of the conference call will be available via web
Nilesh Undavia Believes Incumbent Directors Cannot Be Trusted After Destroying 90% of Shareholder Value Another Disappointing Earnings Report Shows GrafTech Appears to Lack Credibility with Investors Independent Analyst Recognizes the Urgent Need for Change BOCA RATON, Fla., April 29, 2024 (GLOBE NEWSWIRE) -- Nilesh Undavia, one of the largest shareholders of GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company"), today made the following statement in connection with the election of directors to the Company's board of directors (the "Board") at the Company's 2024 annual meeting of shareholders (the "Annual Meeting"), which is scheduled to be held on May 9, 2024
GrafTech International Ltd. (NYSE:EAF) (the "Company") will hold its First Quarter 2024 Earnings Conference Call and Webcast on Friday, April 26, 2024 at 10:00 a.m. (EDT). The call will be hosted by senior management to discuss financial results for the first quarter ended March 31, 2024 and current business initiatives. These financial results will be released on Friday, April 26, 2024 before market open and will be available on our investor relations website at: http://ir.graftech.com. The conference call dial-in number is +1 (800) 717-1738 toll-free in North America or +1 (289) 514-5100 for overseas calls, conference ID: 46406. Live audio of the conference call will be available via we
Fourth Quarter Results and 2024 Outlook Reflect Persistent Softness in the Commercial Environment GrafTech Announces Cost Rationalization and Footprint Optimization Plan GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") today announced financial results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Net loss of $217 million, or $0.85 per share(1) Includes a goodwill impairment charge of $171 million and a lower of cost or market ("LCM") inventory valuation adjustment of $12 million Adjusted EBITDA(2) of negative $22 million, including the LCM inventory valuation adjustment Sales volume of 24 thousand metric tons ("MT")
GrafTech International Ltd. (NYSE:EAF) (the "Company") will hold its Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast on Wednesday, February 14, 2024 at 10:00 a.m. (EST). The call will be hosted by senior management to discuss financial results for the fourth quarter and year ended December 31, 2023 and current business initiatives. These financial results will be released on Wednesday, February 14, 2024 before market open and will be available on our investor relations website at: http://ir.graftech.com. The conference call dial-in number is +1 (888) 886-7786 toll-free in North America or +1 (416) 764-8658 for overseas calls, conference ID: 86313582. Live audio of t
Results and Near-term Outlook Reflect Persistent Softness in the Commercial Environment GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") today announced unaudited financial results for the quarter and nine months ended September 30, 2023. Third Quarter 2023 Highlights Net loss of $23 million, or $0.09 per share(1) Adjusted EBITDA(2) of $1 million Sales volume of 24 thousand metric tons ("MT") Production volume of 23 thousand MT Net cash provided by operating activities of $51 million Adjusted free cash flow of $43 million(2) CEO Comments "Third quarter results fell short of our expectations, primarily as a result of lower industry demand," said
GrafTech International Ltd. (NYSE:EAF) (the "Company") will hold its Third Quarter 2023 Earnings Conference Call and Webcast on Friday, November 3, 2023 at 10:00 a.m. (EDT). The call will be hosted by senior management to discuss financial results for the third quarter ended September 30, 2023 and current business initiatives. These financial results will be released on Friday, November 3, 2023 before market open and will be available on our investor relations website at: http://ir.graftech.com. The conference call dial-in number is +1 (888) 886-7786 toll-free in North America or +1 (416) 764-8658 for overseas calls, conference ID: 66467310. Live audio of the conference call will be avail
Solid Execution in a Challenging Environment Leads to Sequential Improvement in Key Metrics GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") today announced unaudited financial results for the quarter and six months ended June 30, 2023. Second Quarter 2023 Highlights Net loss of $8 million, or $0.03 per share(1) Adjusted EBITDA(2) of $26 million Sales volume of 26 thousand metric tons ("MT") Production volume of 25 thousand MT Extended debt maturity profile by completing a private offering of $450 million senior secured notes due 2028 Net proceeds of offering were used to repay debt outstanding under the Company's secured term loan due 2025 CEO C
JP Morgan downgraded GrafTech International from Neutral to Underweight
UBS initiated coverage of GrafTech International with a rating of Neutral and set a new price target of $2.00
RBC Capital Mkts downgraded GrafTech International from Outperform to Sector Perform and set a new price target of $7.00 from $10.00 previously
Citigroup downgraded GrafTech International from Buy to Neutral and set a new price target of $10.00 from $13.00 previously
JP Morgan resumed coverage of GrafTech International with a rating of Overweight and set a new price target of $18.00 from $9.00 previously
RBC Capital upgraded GrafTech International from Sector Perform to Outperform and set a new price target of $16.00 from $12.00 previously
Citigroup upgraded GrafTech International from Neutral to Buy
GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") announced today that the Company's Board of Directors (the "Board") has appointed Rory O'Donnell to the position of Chief Financial Officer and Senior Vice President of the Company, effective September 3, 2024. Mr. O'Donnell will serve as a member of the Company's executive leadership team and report directly to Chief Executive Officer and President Timothy Flanagan. He will be responsible for overseeing all financial aspects of the Company. "I am pleased to announce Rory's appointment as the Company's Chief Financial Officer and welcome him to GrafTech," said Timothy Flanagan, Chief Executive Officer and President. "Wit
GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") announced today that the Company's Board of Directors (the "Board") has appointed Timothy K. Flanagan as the Company's Chief Executive Officer and President, and has elected Mr. Flanagan to the Board, all effective March 26, 2024. "The Board is pleased to announce Tim's appointment as Chief Executive Officer and President," said Henry R. Keizer, Chair of the Board of GrafTech. "After completing a comprehensive search, conducted with the assistance of a leading executive search firm, that considered both internal and external candidates, the Board is confident that Tim is the right person to lead GrafTech forward to capit
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises GrafTech International Ltd. (NYSE:EAF) investors that a lawsuit was filed on behalf of investors that purchased GrafTech securities between February 8, 2019 and August 3, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuin
GrafTech International Ltd. (NYSE:EAF) (the "Company" or "GrafTech") today announced that its Board of Directors has increased its size to provide for an additional director and appointed Diego Donoso as a director of the Company. The Board is now comprised of nine directors, of which seven are independent with the addition of Mr. Donoso, whose term expires in 2025. "I am pleased to welcome Diego as the newest member of our Board of Directors," said Henry Keizer, Chairman of the Board of GrafTech. "His deep experience as a global executive at a multinational company, along with his expertise in the manufacturing sector, will further strengthen the skills and experience represented on our
GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") announced today that Marcel Kessler has been appointed as the Company's Chief Executive Officer and President, and has been elected to the Company's Board of Directors (the "Board"), all effective July 1, 2022. David J. Rintoul, the Company's current Chief Executive Officer and President, previously informed the Company of his intention to retire from the Company and resign from the Board effective as of June 30, 2022. Mr. Kessler previously served as the President and Chief Executive Officer of Pason Systems Inc. (TSX:PSI) ("Pason"), a global provider of specialized data management systems for oil and gas drilling, from
GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") announced today that David J. Rintoul has informed the Company of his intent to retire as Chief Executive Officer and President and as a member of the Board of Directors of the Company (the "Board"), effective as of the end of June 2022, or such later time as a successor has been appointed to ensure a smooth transition. "On behalf of the Board, I would like to thank David for his dedicated service to GrafTech since the Company went public in 2018," said Denis Turcotte, Chair of GrafTech's Board. "We are grateful to David for his strong leadership on behalf of all stakeholders and wish him all the best in his upcoming reti
JP Morgan analyst Bill Peterson downgrades GrafTech International (NYSE:EAF) from Neutral to Underweight.
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The Dow Jones index closed higher by over 100 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Comstock The Trade: Comstock Inc. (NYSE:LODE) Chief Operating Officer William Joseph McCarthy bought a total of 15,000 shares at an average price of $0.26. To acquire these shares, it cost around $3,854. What's Happening: On April 30, Comstock r
The Dow Jones index closed higher by around 0.1% on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Retractable Technologies The Trade: Retractable Technologies, Inc. (NYSE:RVP) President and CEO Thomas J Shaw bought a total of 4,240 shares at an average price of $1.09. To acquire these shares, it cost around $4,622. What's Happening: On March 29