GrafTech International Ltd. (EAF) Tops Q2 EPS by 13c

GrafTech International Ltd. (NYSE: EAF) reported Q2 EPS of $0.35, $0.13 better than the analyst estimate of $0.22. Revenue for the quarter came in at $281 million versus the consensus estimate of $226.33 million.

Outlook

The second half of 2020 will continue to be challenging as we and our customers face macro-economic headwinds. We foresee a measured recovery in the industry when the pandemic eases as customers work through inventory levels that were elevated prior to the onset of the pandemic. We expect overall demand and pricing to remain low for the remainder of 2020.

We have full confidence in the strengths of the Electric Arc Furnace and graphite electrode businesses. The environmental and economic attributes of these industries are key advantages and position them for continued growth over the longer term.

We believe GrafTech is well positioned to navigate the challenges of the current environment and the opportunities in the future recovery given our leadership position in the industry, our strong cash flows, and our advantaged cost position.

For earnings history and earnings-related data on GrafTech International Ltd. (EAF) click here.

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