BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE:EAF) (the “Company” or “GrafTech”) today announced that its Board of Directors (the “Board”) has increased its size to provide for an additional director and appointed Eric V. Roegner as a director of the Company. The Board is now comprised of nine directors, of which eight are independent with the addition of Mr. Roegner, whose term expires at the 2025 Annual Meeting of Stockholders of GrafTech. Mr. Roegner was also appointed to the Audit Committee and Human Resources and Compensation Committee of the Board. “I am pl...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) ("GrafTech," the "Company," "we," or "our") today announced financial results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Exceeded cost reduction guidance, achieving a 25% year-over-year reduction in cash costs per metric ton ("MT") for the fourth quarter and a 23% reduction on a full-year basis Grew sales volume 13% year-over-year to 27.2 thousand MT Achieved fourth consecutive quarter of sequential sales volume growth Completed financing transactions, ending 20...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) (“GrafTech” or the “Company”) today announced that it has entered into a cooperation agreement (the “Cooperation Agreement”) with one of the Company’s largest stockholders, Mr. Nilesh Undavia, who owns approximately 6.7% of the Company’s outstanding common stock. Pursuant to the Cooperation Agreement, GrafTech has appointed Sachin Shivaram to the Board of Directors of the Company (the “Board”), effective immediately. Additionally, GrafTech and Mr. Undavia will work together to identify a mutually agreed upon in...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE:EAF) (the “Company”) will hold its Fourth Quarter and Full Year 2024 Earnings Conference Call and Webcast on Friday, February 7, 2025 at 10:00 a.m. (EST). The call will be hosted by senior management to discuss financial results for the fourth quarter and year ended December 31, 2024 and current business initiatives. These financial results will be released on Friday, February 7, 2025 before market open and will be available on our investor relations website at: . The conference call dial-in number is +1 (800) 717-17...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) (“GrafTech” or the “Company”) announced today the final results of the previously announced separate offers to exchange (each an “Exchange Offer” and, together, the “Exchange Offers”) by GrafTech Finance Inc. (“GrafTech Finance”) and GrafTech Global Enterprises Inc. (“GrafTech Global” and, together with GrafTech Finance, the “Issuers”), each a subsidiary of the Company. In the Exchange Offers, eligible holders had the opportunity to exchange their outstanding 4.625% senior secured notes due 2028 (the “4.625% No...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE:EAF) (“GrafTech” or the “Company”) today announced that it has earned a from EcoVadis, a global leader in business sustainability assessments. Awarded to the top 15% of companies that are assessed globally by EcoVadis, GrafTech’s rating is a reflection of the Company’s ongoing commitment to environmental, social, and governance (“ESG”) issues and promoting transparency throughout the value chain. This achievement demonstrates significant continuous improvement since receiving a bronze medal the previous year. “At Gr...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) (“GrafTech” or the “Company”) announced today that GrafTech Finance Inc. (“GrafTech Finance”) and GrafTech Global Enterprises Inc. (“GrafTech Global” and, together with GrafTech Finance, the “Issuers”), each a subsidiary of the Company, have commenced separate offers to exchange (each an “Exchange Offer” and, together, the “Exchange Offers”) any and all of (i) GrafTech Finance’s 4.625% senior secured notes due 2028 (the “Existing 4.625% Notes”) and (ii) GrafTech Global’s 9.875% senior secured notes due 2028 (the ...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) ("GrafTech," the "Company," "we," or "our") today announced unaudited financial results for the quarter and nine months ended September 30, 2024. In a separate press release, dated November 12, 2024, the Company also announced that it has entered into a commitment and consent letter (the "Commitment Letter") with lenders holding all of its existing revolving commitments and an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend maturities of...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) (“GrafTech” or the “Company”) today announced that it has entered into a commitment and consent letter with lenders holding all of its existing revolving commitments, an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend maturities of its existing debt, and Barclays Bank plc, as a fronting lender. Pursuant to the terms of the commitment and consent letter, GrafTech expects to (i) incur $175 million of new senior secured first lien term lo...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) (“GrafTech”, the “Company”, “we” or “our”) announced today that it received a letter from the New York Stock Exchange (the “NYSE”) notifying GrafTech that it has regained compliance with the NYSE’s continued listing standards criteria of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual (“Section 802.01C”). As previously announced, on August 7, 2024, the NYSE notified GrafTech that it was not in compliance with the NYSE’s continued listing standards because the average closi...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE:EAF) (the “Company”) will hold its Third Quarter 2024 Earnings Conference Call and Webcast on Tuesday, November 12, 2024 at 10:00 a.m. (EST). The call will be hosted by senior management to discuss financial results for the third quarter ended September 30, 2024 and current business initiatives. These financial results will be released on Tuesday, November 12, 2024 before market open and will be available on our investor relations website at: . The conference call dial-in number is +1 (800) 717-1738 toll-free in North...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) (“GrafTech” or the “Company”) announced today that the Company’s Board of Directors (the “Board”) has appointed Rory O’Donnell to the position of Chief Financial Officer and Senior Vice President of the Company, effective September 3, 2024. Mr. O’Donnell will serve as a member of the Company’s executive leadership team and report directly to Chief Executive Officer and President Timothy Flanagan. He will be responsible for overseeing all financial aspects of the Company. “I am pleased to announce Rory’s appoint...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) (“GrafTech” or the “Company”) announced today that it received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it is not in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common stock per the Notice was less than $1.00 per share over the consecutive 30 trading-day period ended August 5, 2024. The Notice does not result in the immediate delisting of the Company’s common stock from the NYSE. In accordance with applicable N...
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: EAF) ("GrafTech," the "Company," "we," or "our") today announced unaudited financial results for the quarter and six months ended June 30, 2024. Second Quarter 2024 Summary Significant cost improvement reflects actions to aggressively address key elements of our cost structure Sequential improvement in sales volume of 6% and capacity utilization increase to 60% Net sales of $137 million Net loss of $15 million, or $0.06 per share(1) Adjusted EBITDA(2) of $14 million Net cash used in operating activ...
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