NYSE$EAF
GrafTech International Ltd. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
GrafTech's Q2 2024 results showed sequential improvement in key metrics due to successful execution of initiatives and aggressive cost structure management.
GrafTech International Ltd. reported Q2 2024 results with net sales of $137 million and a net loss of $15 million, or $0.06 per share. The company achieved sequential improvements in sales volume and capacity utilization, alongside significant cost improvements. Adjusted EBITDA was $14 million, and net cash used in operating activities was $37 million.
- Net sales reached $137 million.
- Net loss was $15 million, or $0.06 per share.
- Adjusted EBITDA amounted to $14 million.
- Net cash used in operating activities was $37 million.
Headline financials
Revenue & EPS history
GrafTech · Revenue · Quarterly
$137M
Forward guidance
GrafTech anticipates continued weak demand for graphite electrodes due to persistent challenges in the commercial environment and expects sales volume in Q3 2024 to be broadly in line with Q2 2024. They project a mid-teen percentage point decline in full-year 2024 cash cost of goods sold per MT compared to 2023 and expect full-year 2024 capital expenditures to be in the range of $35 million to $40 million.
Tailwinds
- Expected modest year-over-year improvement in sales volume for the full year.
- Anticipated mid-teen percentage point decline in full year 2024 cash cost of goods sold per MT compared to 2023.
- Continued management of working capital levels.
- Capital expenditures expected to be in the range of $35 million to $40 million for the full year 2024.
- Confidence in long-term demand growth for graphite electrodes due to the steel industry’s decarbonization efforts.
Headwinds
- Near-term demand for graphite electrodes expected to remain weak.
- Persistent challenges in the commercial environment constrain steel industry production.
- Challenging pricing dynamics have persisted in most regions.
- Company remains selective in the commercial opportunities it chooses to pursue.
- Global economic uncertainty continues to impact the steel industry.
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 2024
-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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