2023-08-04 06:44:03 ET
- GrafTech International press release ( NYSE: EAF ): Q2 Non-GAAP EPS of -$0.02 misses by $0.01 .
- Revenue of $185.56M (-49.0% Y/Y) beats by $8.23M .
- Adjusted EBITDA of $26 million.
- Sales volume of 26 thousand metric tons.
- Production volume was 25.2 thousand MT in the second quarter of 2023, a decrease of 43% compared to the second quarter of 2022.
- The table of estimated shipments of graphite electrodes under existing LTAs remains as follows, reflecting our current expectations for the full years of 2023 and 2024: FY23 Estimated LTA volume (in thousands of MT) of 27 - 31; Estimated LTA revenue (in millions) $235 - $265.
- As a result, we now estimate our sales volume for the full year of 2023 will be in the range of 95 thousand MT to 105 thousand MT, as compared to our previous estimate of 100 thousand MT to 115 thousand MT. Sales volume in the third quarter of 2023 is expected to be broadly in line with sales volume for the second quarter of 2023.
- For FY24 Estimated LTA volume (in thousands of MT) of 13 - 16; Estimated LTA revenue (in millions) $100 - $135.
For further details see:
GrafTech International reports mixed Q2 earnings; updates FY23 outlook