GrafTech reports Q3 adjusted EPS (8c), consensus (3c)

Reports Q3 revenue $158.99M, consensus $180M. “Q3 results fell short of our expectations, primarily as a result of lower industry demand,” said Marcel Kessler, CEO and President. “While we are not satisfied with this financial performance, I remain proud of our team’s efforts as they continue to work diligently to navigate the current market conditions. This includes our disciplined approach to managing costs and working capital levels, such as proactively reducing our production volume to align with our demand outlook. These efforts are evident in the strong cash flow generated in the quarter.”