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
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to