NYSE$EAF
GrafTech International Ltd. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported strong results across key metrics due to improvements in the global steel market.
GrafTech International Ltd. reported strong second-quarter results driven by improvements in the global steel market. The company's sales and production volumes steadily improved, and they anticipate continued recovery in the industry for the remainder of the year.
- Net income of $28 million, or $0.11 per share, including one-time Change in Control charges of $88 million.
- Adjusted net income of $114 million, or $0.43 per share.
- Adjusted EBITDA of $160 million.
- Sales volume increased 16% sequentially over first quarter 2021 and 39% year over year.
Headline financials
Revenue & EPS history
GrafTech · Revenue · Quarterly
$331M
Forward guidance
GrafTech expects to see improvement in its reported non-LTA pricing in the second half of 2021 and into 2022, driven by increasing customer demand and growth in the graphite electrode market.
Tailwinds
- Continued improvement in the global steel market.
- Increasing customer demand.
- Growth in the graphite electrode market.
- Improvement in non-LTA pricing expected in the second half of 2021.
- Company well-positioned for success in the improving market.
Headwinds
- One-time Change in Control charges impacted net income.
- Global graphite electrode overcapacity may adversely affect graphite electrode prices.
- Cyclical nature of the business and selling prices of products may lead to reduced profitability.
- Dependence on the global steel industry and electric arc furnace steel industry.
- Dependence on the supply of petroleum needle coke.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2021
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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% | |
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