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Stock impact report

GrafTech Reports Third Quarter 2024 Results

GrafTech International Ltd. (EAF) 
Last graftech international ltd. earnings: 2/6 06:45 am Check Earnings Report
Company Research Source: Business Wire
Delivering on Outlook and Successfully Executing Strategic Initiatives to Reduce CostsAnnouncing Agreement for New Capital to Bolster Liquidity BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE: EAF) ("GrafTech," the "Company," "we," or "our") today announced unaudited financial results for the quarter and nine months ended September 30, 2024. In a separate press release, dated November 12, 2024, the Company also announced that it has entered into a commitment and consent letter (the "Commitment Letter") with lenders holding all of its existing revolving commitments and an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend maturities of its existing debt.Third Quarter 2024 SummaryExceeded cost reduction goals resulting in significant cost improvementGenerated positive cash flow through working capital and capital expenditure managementGrew sales volume 9% year-over-year to 26.4 thousa Show less Read more
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