earnings
confidence high
sentiment negative
materiality 0.80
GrafTech Q2 net loss $8M; sales down 49% YoY; suspends dividend; lowers 2023 volume guidance
GRAFTECH INTERNATIONAL LTD
2023-Q2 EPS reported
-$0.06
revenue$324,363,000
- Net loss of $8M ($0.03 per share) vs net income of $115M ($0.44 per share) in Q2 2022.
- Net sales $186M, down 49% YoY; sales volume 26.4K MT, down 38% YoY.
- Adjusted EBITDA $26M vs $158M in Q2 2022; margin 14%.
- Board suspended quarterly dividend of $0.01 per share.
- Full-year 2023 sales volume estimate lowered to 95-105K MT from prior 100-115K MT.