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Stock impact report

GrafTech Reports First Quarter 2024 Results [Yahoo! Finance]

GrafTech International Ltd. (EAF) 
Last graftech international ltd. earnings: 2/6 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
BROOKLYN HEIGHTS, Ohio, April 26, 2024 BUSINESS WIRE )--GrafTech International Ltd. (NYSE: EAF) ("GrafTech," the "Company," "we," or "our") today announced unaudited financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net loss of $31 million, or $0.12 per share , and adjusted EBITDA of $0.2 million Net cash used in operating activities of $1 million and adjusted free cash flow of negative $11 million Significant cost improvement reflects actions to aggressively address all elements of our cost structure CEO Comments "While we are not satisfied with breakeven EBITDA performance, we delivered on our outlook and stated initiatives for the quarter," said Timothy Flanagan, Chief Executive Officer and President. "As the commercial environment remains weak, we are focused on managing what is within our control. Specifically, we are successfully executing our strategic initiatives to reduce our costs, while preserving our ability to capitalize on Show less Read more
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