NYSE$EAF
GrafTech International Ltd. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Exceeded cost reduction goals, generated positive cash flow, and grew sales volume.
GrafTech International Ltd. reported a net sales of $131 million and a net loss of $36 million, or $0.14 per share for Q3 2024. The company exceeded cost reduction goals and generated positive cash flow through working capital and capital expenditure management. They also grew sales volume 9% year-over-year.
- Exceeded cost reduction goals resulting in significant cost improvement.
- Generated positive cash flow through working capital and capital expenditure management.
- Grew sales volume 9% year-over-year to 26.4 thousand metric tons.
- Announced financing agreement that will increase liquidity and extend debt maturities.
Headline financials
Revenue & EPS history
GrafTech · Revenue · Quarterly
$131M
Forward guidance
The demand for graphite electrodes in the near term will remain weak, reflecting persistent challenges in the commercial environment. Despite these headwinds, the company expects a low double-digit percentage point year-over-year improvement in sales volume for the full year of 2024.
Tailwinds
- Expect a low double-digit percentage point year-over-year improvement in sales volume for the full year of 2024.
- Sales volume in the fourth quarter of 2024 is expected to be broadly in line with sales volume for the third quarter of 2024.
- For 2025, we expect another year of low double-digit percentage point sales volume growth.
- Expect the year-over-year decline in our full-year 2024 cash cost of goods sold per MT to exceed our previous guidance of a mid-teen percentage point decline compared to 2023.
- For 2024, we now expect the net impact of working capital will be favorable to our full-year cash flow performance.
Headwinds
- Demand for graphite electrodes in the near term will remain weak.
- Steel industry production remains constrained by global economic uncertainty.
- Challenging pricing dynamics have persisted in most regions.
- Remain selective in the commercial opportunities we choose to pursue.
- Anticipate our full-year 2024 capital expenditures will be in the range of $35 million to $40 million.
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 Q3 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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