Categories AlphaGraphs, Earnings, Other Industries
Earnings Infographic: A look at GrafTech’s Q3 2022 financial performance
GrafTech International Ltd. (NYSE: EAF), a leading metal manufacturing company, reported double-digit declines in net profit and revenues for the third quarter of 2022.
Net income was $93.45 million or $0.36 per share in the September quarter, compared to $119.9 million or $0.45 per share in the corresponding period of 2021.
The bottom-line performance was negatively impacted by a 13% fall in revenues to $303.8 million. The decline can be attributed mainly to lower sales volume, including the impact of around 4,000 MT of customer orders that could not be shipped.
Check this space to read management/analysts’ comments on quarterly reports
“Ongoing geopolitical tensions and global economic uncertainty have softened near-term demand for steel and, therefore, graphite electrodes. This, combined with the current inflationary environment and the impact of the suspension of our operations in Mexico, led to declines in our key operating and financial metrics for the quarter,” said GrafTech’s CEO Marcel Kessler.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key highlights from Eli Lilly’s (LLY) Q1 2024 earnings results
Eli Lilly and Company (NYSE: LLY) reported first quarter 2024 earnings results today. Worldwide revenue was $8.77 billion, up 26% from the year-ago quarter, driven by increases of 16% in
PYPL Earnings: PayPal reports higher revenue and profit for Q1 2024
PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the first quarter of 2024, reporting an increase in revenues and adjusted profit. The top line also exceeded analysts' estimates. First-quarter
MCD Earnings: Key quarterly highlights from McDonald’s Q1 2024 financial results
McDonald's Corporation (NYSE: MCD) reported first quarter 2024 earnings results today. Revenues increased 5% year-over-year to $6.1 billion. Revenue growth was 4% in constant currencies. Net income grew 7% to