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GrafTech International Ltd (EAF)
NYSE:EAF
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.12Last Year’s EPS
-$0.85Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -3.38%
|Next Earnings Date:Jan 31, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive strides in sales volume growth, cost reductions, and strategic financing, countered by significant challenges in pricing, revenue decline, and the global steel market environment. Despite these challenges, the company is optimistic about future growth opportunities and improving market conditions.Company Guidance
During the third quarter of 2024, GrafTech International reported a 9% year-over-year increase in sales volume and generated $20 million in free cash flow. The company achieved a 28% year-over-year reduction in cash cost of goods sold (COGS) per metric ton, surpassing expectations. This performance was driven by a combination of rigorous cost-control measures and strategic customer engagement, which resulted in a 13% year-to-date increase in sales volume compared to the previous year. GrafTech's management anticipates low double-digit sales volume growth in 2025, supported by ongoing customer discussions and new strategic multiyear electrode sales agreements. Despite a challenging pricing environment, GrafTech is focused on preserving liquidity and operational flexibility through a new $275 million financing transaction, which will help the company navigate current industry challenges and capitalize on future growth opportunities, particularly in the electric arc furnace steelmaking sector.Sales Volume Growth
GrafTech's sales volume increased 9% year-over-year in Q3 and is up 13% year-to-date, despite a soft demand environment. The company expects another year of low double-digit sales volume growth in 2025.
Cost Reduction Achievements
Achieved a 28% year-over-year decrease in cash COGS per metric ton, exceeding expectations. The company updated its full-year COGS per metric ton guidance for 2024, now anticipating a 20% year-over-year decline.
New Financing Transaction
GrafTech announced a new financing transaction providing $275 million of delayed draw term loan and extension of existing debt maturities, strengthening the company's liquidity position.
Positive Free Cash Flow
$20 million of free cash flow was generated in Q3, driven by cost control and working capital management.
Expansion in Product Offerings
Initial trials of new 800-millimeter electrodes were successful, meeting high performance standards, and are expected to meet growing market demand.
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EAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.07 | $2.18 | +5.31% |
| Jul 26, 2024 | $0.84 | $0.80 | -4.76% |
| Apr 26, 2024 | $1.61 | $1.58 | -1.86% |
| Feb 14, 2024 | $1.32 | $1.34 | +1.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GrafTech International Ltd (EAF) report earnings?
GrafTech International Ltd (EAF) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is GrafTech International Ltd (EAF) earnings time?
GrafTech International Ltd (EAF) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EAF EPS forecast?
EAF EPS forecast for the fiscal quarter 2024 (Q4) is -$0.12.
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