NYSE$EAF
GrafTech International Ltd. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Third quarter results reflected near-term challenges in the operating environment.
GrafTech's third quarter results fell short of expectations due to geopolitical tensions, global economic uncertainty, and the suspension of operations in Mexico. Net sales were $304 million, a 13% decrease compared to the same period in 2021. Net income was $93 million, or $0.36 per share, compared to $120 million, or $0.45 per share, in the third quarter of 2021.
- Net income of $93 million
- Earnings per share of $0.36 and adjusted EPS of $0.37
- Adjusted EBITDA of $129 million, for a 42% adjusted EBITDA margin
- Sales volume of 36 thousand metric tons
Headline financials
Revenue & EPS history
GrafTech · Revenue · Quarterly
$304M
Forward guidance
GrafTech expects graphite electrode demand to remain soft in the fourth quarter of 2022 and into 2023, reflecting market dynamics that are dictated by geopolitical conflict and economic uncertainty. The company anticipates sequential cost increases to continue in the fourth quarter of 2022 due to the current inflationary environment.
Tailwinds
- Steel industry’s accelerating efforts to decarbonize will lead to increased adoption of the electric arc furnace method of steelmaking, driving long-term demand for graphite electrodes.
- Vertical integration into petroleum needle coke production via our Seadrift facility is a critical differentiator from our competitors
- Vertical integration into petroleum needle coke production via our Seadrift facility is foundational for our ability to reliably deliver high-quality graphite electrodes.
Headwinds
- The current environment for the steel industry remains volatile with key markets, such as Europe, continuing to experience weakening demand as broader macroeconomic conditions deteriorate.
- Steel industry trends have also softened somewhat in the U.S.
- Graphite electrode demand to remain soft in the fourth quarter of 2022 and into 2023 reflecting market dynamics, which continue to be dictated by geopolitical conflict and economic uncertainty.
- Costs remain elevated for raw materials, energy and logistics.
- Anticipate sequential cost increases to continue in the fourth quarter of 2022.
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 Q3 2022
-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 |
|---|---|---|---|---|
| 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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