GrafTech Q3 net loss $23M as revenue drops 48% YoY; adjusted EBITDA $1M

GRAFTECH INTERNATIONAL LTD

2023-Q3 EPS reported -$0.15 revenue$483,355,000

Net loss of $23M ($0.09/share) vs net income of $93M ($0.36) in Q3 2022.
Revenue fell 48% YoY to $159M on weak demand, lower LTA/non-LTA prices and mix shift.
Sales volume 24.2k MT (32% YoY decline); LTA price $8,650/MT, non-LTA ~$5,400/MT.
Adjusted EBITDA plunged to $1M from $129M YoY; margin just 1%.
FY 2023 capex guidance maintained $55-60M; Q4 sales volume expected to decline modestly from Q3.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GRAFTECH INTERNATIONAL LTD reported financial results for the quarter and nine months ended September 30, 2023.

Period: the quarter and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 3, 2023, GrafTech International Ltd. issued a press release announcing its unaudited financial results for the three and nine months ended September 30, 2023.

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Source: SEC EDGAR

accession 0000931148-23-000156

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