NYSE$EAF

GrafTech International Ltd. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Announced first quarter 2020 results, including net income of $122 million and Adjusted EBITDA of $179 million.

GrafTech International Ltd. reported a decrease in net sales for the quarter ended March 31, 2020, with $319 million compared to $475 million in the first quarter of 2019, driven by lower sales volumes, customer inventory destocking, lower steel production levels, and the impact of COVID-19. Net income decreased to $122 million, or $0.45 per share, compared to $197 million, or $0.68 per share in the first quarter of 2019. Adjusted EBITDA also decreased to $179 million from $284 million in the same period last year.

  • Net sales for the quarter ended March 31, 2020 were $319 million compared to $475 million in the first quarter of 2019.
  • Net income for the first quarter of 2020 was $122 million, or $0.45 per share, compared to $197 million, or $0.68 per share in the first quarter of 2019.
  • Adjusted EBITDA was $179 million in the first quarter of 2020 compared to $284 million in the first quarter of 2019.
  • Ended the first quarter of 2020 with a strong liquidity position of approximately $400 million, consisting of cash and cash equivalents of $152 million and availability of $247 million under our revolving credit facility.

Headline financials

Total Revenue

$319M

Previous: $475M-32.9%
EPS (adj)

$0.45

Previous: $0.68-33.8%
Capital Expenditures

-$13.9M

Previous: -$14.6M+4.6%
Free Cash Flow

$108M

Previous: $183M-40.7%
Net Income

$122M

Previous: $197M-38.1%
Operating Income

$164M

Previous: $264M-37.8%
Gross Profit

$180M

Previous: $279M-35.7%
Cash & Equivalents

$152M

Previous: $42.3M+259.7%
Total Assets

$1.53B

Previous: $1.53B+0.3%

Revenue & EPS history

GrafTech · Revenue · Quarterly

$319M

Q1 2020-32.9%vs Q1 2019
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

Long-term contract volume in 2020 will be in the range of 100,000 - 115,000 MT.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-4.0%

Avg return

Earnings day

-4.9%

Avg return

5 days after

-3.1%

Avg return

30 days after

39%

13 / 33 earnings

Positive

+14.3%

Q4 2020

Best reaction

-46.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%+11.2%+15.6%
Q4 2025-46.2%-51.7%-62.8%
Q3 2025-1.9%-24.7%-30.0%
Q1 2025+7.8%-3.1%+59.3%
Q4 2024-9.4%-31.5%-22.1%
Q3 2024+3.9%+2.4%-7.2%
Q2 2024-3.5%-8.9%-13.0%
Q1 2024+3.1%+3.7%+10.6%
Q4 2023+7.6%+5.3%+26.5%
Q3 2023-23.6%-28.9%-22.1%
Q2 2023-21.8%-15.7%-31.5%
Q1 2023-9.9%-14.0%-5.7%
Q4 2022-16.2%-17.9%-12.3%
Q3 2022-3.1%-10.5%+7.6%
Q2 2022-13.0%-11.6%-25.6%
Q1 2022-8.9%-13.0%-2.0%
Q4 2021-12.6%-8.0%-13.2%
Q3 2021+12.7%+11.4%+5.6%
Q2 2021-6.6%-0.3%-4.1%
Q1 2021-2.0%-6.2%-2.0%
Q4 2020+14.3%+20.4%+11.8%
Q3 2020-9.3%+0.3%+39.2%
Q2 2020+9.3%+9.3%+1.9%
Q1 2020-14.3%-14.8%+11.5%
Q4 2019-5.6%-5.4%-31.9%
Q3 2019+2.2%+8.6%-3.0%
Q2 2019-1.6%-5.3%+9.0%
Q1 2019+2.2%+6.7%-13.4%
Q4 2018+0.8%+7.6%-5.8%
Q3 2018-0.6%-4.3%-13.6%
Q2 2018+0.4%-2.5%-15.6%
Q4 2017+8.3%+14.0%+18.6%
Q1 2018+8.3%+14.0%+18.6%
Q3 2017
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Q4 2016
Q1 2017
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Q4 2015
Q3 2015
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Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2009
Q1 2010
Q4 2009
Q3 2009
Q3 2008
Q2 2009
Q4 2008
Q4 2007
Q2 2008

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