Loading...
Loading...
- GrafTech International Ltd EAF reported second-quarter sales growth of 9.9% year-over-year to $363.65 million, missing the consensus of $368.3 million.
- Adjusted EPS was $0.44, beating the consensus of $0.43.
- Sales volume of 42 thousand metric tons, a decrease of 1% Y/Y; and Production volume of 44 thousand MT, an increase of 1% Y/Y.
- The weighted-average realized price for LTA volume for the quarter was $9,600 per MT.
- Gross margin expanded 562 bps to 44.6%. The operating profit increased to $143.39 million (+175.3% Y/Y), and the margin expanded by 2,370 bps to 39.4%.
- GrafTech generated cash from operating activities year-to-date of $206.44 million, compared to $208.76 million a year ago. Adjusted free cash flow was $177.53 million.
- Adjusted EBITDA decreased by 1.1% Y/Y to $158.2 million, and margin contracted by 484 bps to 43.5%.
- As of June 30, 2022, GrafTech had cash and equivalents of $56 million and total debt of ~$920 million.
- Outlook: The company stated that the near-term outlook is becoming more challenging with higher raw material, energy, and logistics costs and the impact of the ongoing conflict between Ukraine and Russia.
- GrafTech expects FY22 capital expenditures of $70 million - $80 million.
- Price Action: EAF shares are trading lower by 6.45% at $7.18 on the last check Friday.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in