NYSE$EAF
GrafTech International Ltd. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
GrafTech's fourth quarter and full year 2022 results reflected near-term challenges in the operating environment.
GrafTech's Q4 2022 net income was $50 million, with an EPS of $0.20 and adjusted EPS of $0.17. The company's performance was impacted by higher costs, softer industry demand, and the temporary suspension of operations in Monterrey, Mexico. Sales volume was 28 thousand metric tons.
- Net income was $50 million, resulting in a 20% net income margin.
- Earnings per share (EPS) reached $0.20, while adjusted EPS was $0.17.
- Adjusted EBITDA amounted to $80 million, yielding a 32% adjusted EBITDA margin.
- Sales volume totaled 28 thousand metric tons (MT).
Headline financials
Revenue & EPS history
GrafTech · Revenue · Quarterly
$248M
Forward guidance
GrafTech anticipates continued soft demand for graphite electrodes due to ongoing economic uncertainty and geopolitical conflict. The suspension of operations in Monterrey, Mexico is expected to have a significant impact on sales volume for the first half of 2023. Sales volume for the first six months of 2023 is estimated to be approximately half of the level reported in the same period of 2022.
Tailwinds
- The facility in Monterrey, Mexico has resumed production.
- Sales volume levels are expected to recover in the second half of the year as the uncertainty driven by the Monterrey suspension diminishes.
- A gradual improvement in market conditions is anticipated to strengthen demand for graphite electrodes.
- The company is closely managing all of its operating costs and capital expenditures, as well as its working capital levels.
- Longer term, the steel industry’s accelerating efforts to decarbonize will lead to increased adoption of the electric arc furnace method of steelmaking, driving long-term demand growth for graphite electrodes.
Headwinds
- Continued soft demand for graphite electrodes is expected due to ongoing economic uncertainty and geopolitical conflict.
- The suspension of operations in Monterrey, Mexico is expected to have a significant impact on sales volume for the first half of 2023.
- The suspension resulted in uncertainty during a key commitment window for customer purchases covering the first six months of 2023.
- Sales volume for the first six months of 2023 is estimated to be approximately half of the level reported in the same period of 2022, with the largest impact occurring in the first quarter.
- A significant year-over-year increase in cost of goods sold per metric ton is expected as fixed costs will be recognized over a smaller volume base and reflecting the full year impact of higher raw material costs that increased throughout 2022.
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 Q4 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 |
|---|---|---|---|---|
| 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% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2009 | — | — | — | |
| Q1 2010 | — | — | — | |
| Q4 2009 | — | — | — | |
| Q3 2009 | — | — | — | |
| Q3 2008 | — | — | — | |
| Q2 2009 | — | — | — | |
| Q4 2008 | — | — | — | |
| Q4 2007 | — | — | — | |
| Q2 2008 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro