Categories AlphaGraphs, Earnings, Other Industries

EAF Earnings: GrafTech Q4 profit plunges as sales drop 32%

GrafTech International Ltd. (NYSE: EAF), a leading metal manufacturing company, reported double-digit declines in net profit and sales for the fourth quarter of 2022.

GrafTech International Q4 2022 earnings infographic

Net income was $50.3 million or $0.20 per share in the December quarter, compared to $141.5 million or $0.54 per share in the corresponding period of 2021.

The bottom-line performance was negatively impacted by a 32% fall in net sales to $247.5 million. The decrease is mainly due to lower sales volume, reflecting the impact of the temporary suspension of our operations in Monterrey, Mexico, and the softness in graphite electrode demand.


Check this space to read management/analysts’ comments on quarterly reports


“As we look ahead, we have identified opportunities to make targeted investments to strengthen our strategic position, commercial capabilities, and product offerings. Through execution of these cost actions and investments, we are confident GrafTech will successfully navigate the near-term environment and emerge well positioned to benefit from the anticipated long-term demand growth for graphite electrodes,” 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 Johnson & Johnson’s (JNJ) Q2 2025 earnings results

Johnson & Johnson (NYSE: JNJ) reported its second quarter 2025 earnings results today. Reported sales increased 5.8% year-over-year to $23.7 billion. Operational sales growth was 4.6%. Net earnings grew over

Hasbro (HAS) Earnings Preview: What to expect from the Q2 2025 report

Shares of Hasbro, Inc. (NASDAQ: HAS) stayed red on Tuesday. The stock has gained 43% over the past three months. The toy company is scheduled to report its earnings results

Citigroup (C) Q2 FY25 earnings rise on higher revenues, beat estimates

Banking giant Citigroup Inc. (NYSE: C) reported higher revenues and earnings for the second quarter of fiscal 2025. The numbers also exceeded Wall Street's estimates. Net income increased to $4.0

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top