NYSE$EAF

GrafTech International Ltd. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

GrafTech's Q4 2019 earnings were impacted by lower net sales and higher raw material costs, but were offset by working capital changes.

GrafTech International Ltd. reported net sales of $414.612 million and net income of $174.922 million for the fourth quarter of 2019. The company's financial results were impacted by lower net sales and higher raw materials costs.

  • Net sales for the quarter ended December 31, 2019 were $415 million compared to $533 million in the fourth quarter of 2018.
  • Net income for the fourth quarter of 2019 was $175 million, or $0.61 per share, compared to $230 million, or $0.79 per share in the fourth quarter of 2018.
  • Adjusted EBITDA from continuing operations was $235 million in the fourth quarter of 2019 compared to $326 million in the fourth quarter of 2018.
  • Cash flow from operating activities was $221 million in the fourth quarter of 2019 compared to $224 million in the comparable period of 2018.

Headline financials

Total Revenue

$415M

Previous: $533M-22.2%
EPS (adj)

$0.61

Previous: $0.79-22.8%
Sales Volume (MT)

41

No prior period
Production Volume (MT)

41

No prior period
Capital Expenditures

$20.1M

Previous: $20.6M-2.6%
Free Cash Flow

$200M

Previous: $204M-1.6%
Net Income

$175M

Previous: $230M-23.8%
Operating Income

$217M

Previous: $302M-28.1%
Gross Profit

$235M

Previous: $318M-26.1%
Cash & Equivalents

$80.9M

Previous: $49.9M+62.3%
Total Assets

$1.53B

Previous: $1.51B+1.4%
Stock-Based Comp

$2.15M

No prior period

Revenue & EPS history

GrafTech · Revenue · Quarterly

$415M

Q4 2019-22.2%vs Q4 2018
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Forward guidance

Capital expenditures totaled $64 million in 2019 and are expected to remain between $60 and $70 million in 2020.

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 Q4 2019

Historical avgQ4 2019

-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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Q1 2009
Q1 2010
Q4 2009
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Q4 2008
Q4 2007
Q2 2008

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