GrafTech reports Q1 adjusted EPS (10c), consensus (12c)

Reports Q1 revenue $136.58M, consensus $125.69M. “While we are not satisfied with breakeven EBITDA performance, we delivered on our outlook and stated initiatives for the quarter,” said Timothy Flanagan, CEO and President. “As the commercial environment remains weak, we are focused on managing what is within our control. Specifically, we are successfully executing our strategic initiatives to reduce our costs, while preserving our ability to capitalize on long-term growth opportunities. Our actions to aggressively address all elements of our cost structure are beginning to yield benefits, as reflected in an 18% decline in our first quarter cash costs on a per metric ton basis compared to the Q1 of 2023.”