GrafTech Q4 net loss $217M includes $171M goodwill impairment; adj EBITDA negative $22M

GRAFTECH INTERNATIONAL LTD

2023-FY EPS reported -$0.99 revenue$620,500,000

Net loss of $217M ($0.85/share) vs net income of $50M a year ago; full-year net loss $255M.
Adjusted EBITDA negative $22M for Q4, down from positive $80M in Q4 2022.
Sales volume 24K MT, down 13% YoY; weighted-average non-LTA price ~$4,800/MT, down >20%.
Announced indefinite suspension of St. Marys production, reducing capacity 12% to ~178K MT.
Expects annualized cost savings of ~$25M; 2024 capex guided $35-40M vs $54M in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GRAFTECH INTERNATIONAL LTD reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, GrafTech International Ltd. issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

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GRAFTECH INTERNATIONAL LTD filing history →

Source: SEC EDGAR

accession 0000931148-24-000019

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