GrafTech Reports Unaudited Full Year and Fourth Quarter 2019 Results
GrafTech International Ltd. (EAF)
Last graftech international ltd. earnings: 2/6 06:45 am
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Source: Business Wire
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE: EAF) (GrafTech or the Company) today announced unaudited financial results for the year ended December 31, 2019, including net income of $745 million, or $2.58 per share, and Adjusted EBITDA from continuing operations1 of $1,048 million."During the year GrafTech generated over $800 million of cash flow from operating activities, returned $360 million to shareholders in the form of dividends and share repurchases and also repaid $350 million of debt,” said David Rintoul, President and Chief Executive Officer. “Our long-term contracts and vertical integration into petroleum needle coke allow us to continue to generate significant free cash flows and support our primary objective - to grow shareholder value.”Key Financial Measures For the Three MonthsEnded December 31, For the Year EndedDecember 31,(dollars in thousands, except per share amounts)20192018 20192018 Net sales$414,612 $532,789 $
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