GrafTech International (GTI) Lag Q2 Earnings and Revenues

GrafTech International Ltd. GTI specializes in manufacturing and providing high quality natural and synthetic graphite and carbon based products and services. The industrial equipment maker supplies its products to customers engaged in the manufacture of steel, aluminum, silicon metal, automotive products and electronics. The company currently has a $690 million market capitalization.

GrafTech International's segmental business as well as its overall profitability is largely influenced by economic activities in the U.S. and the foreign countries served. Difficult operating conditions are anticipated to hamper the product demand in the company's Engineered Solution segment. Also, high steel imports will affect the demand in the Industrial Materials segment. Investors are eagerly waiting for the company's latest earnings report.

GrafTech International's performance over the last four trailing quarters has been disappointing, with negative earnings surprise in three and positive in one quarter. Average earnings surprise is -162.50%.

Currently, GTI has a Zacks Rank #5 (Strong Sell), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: GrafTech International reported adjusted net loss of 12 cents per share for second-quarter of 2015. The bottom line result was below the Zacks Consensus Estimate of 5 cents loss per share.

Revenue: Revenues missed. GrafTech International generated revenues of $165.1 million, below the Zacks Consensus Estimate of $232 million.

Key Stats to Note: Sales for the Industrial Materials segment declined 39.6% year over year while for the Engineered Solutions segment were down 48.7% in the quarter. The company's cost savings initiatives realized benefits of approximately $50 million in 2015.

Stock Price: GrafTech International shares were up 0.20% ahead of the report while the stock price declined 2.58% in the pre-market trading session.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.  Click to get this free report >>