Brief: GrafTech Reports First Quarter 2023 Results

GrafTech International

28/04/2023 11:42

April 28 (Reuters) - Graftech International Ltd  EAF.N :
    * GRAFTECH REPORTS FIRST QUARTER 2023 RESULTS
    * WE ANTICIPATE CONTINUED SOFT DEMAND FOR GRAPHITE
ELECTRODES DUE
TO ONGOING ECONOMIC UNCERTAINTY AND GEOPOLITICAL CONFLICT
    * AS WE PROCEED THROUGH 2023,  EXPECT SALES VOLUME LEVELS TO
BEGIN
RECOVERING IN Q2 WITH FURTHER IMPROVEMENT IN H2 OF YEAR
    * IN 2023, ANTICIPATE MODEST EASING OF IMPACT FROM
INFLATIONARY
PRESSURES ON A SEQUENTIAL BASIS COMPARED TO Q1 OF 2023
    * GRAFTECH INTERNATIONAL- REMAIN CONFIDENT IN OUR ABILITY TO
OVERCOME NEAR-TERM CHALLENGES & ARE OPTIMISTIC ABOUT LONGER-TERM
OUTLOOK FOR OUR BUSINESS
    * GRAFTECH INTERNATIONAL - SUSPENSION OF OPERS IN MONTERREY,
MEXICO IN LATE 2022 TO HAVE SIGNIFICANT IMPACT ON SALES VOLUME
THROUGH END OF Q2 OF 2023
    * ESTIMATE OUR SALES VOLUME FOR Q2 OF 2023 WILL BE IN RANGE
OF 24
THOUSAND MT TO 27 THOUSAND MT
    * ESTIMATE OUR SALES VOLUME FOR FULL YEAR OF 2023 WILL BE IN
RANGE
OF 100 THOUSAND MT TO 115 THOUSAND MT
    * FOR FY 2023, WE CONTINUE TO EXPECT A SIGNIFICANT
YEAR-OVER-YEAR
INCREASE IN OUR CASH COST OF GOODS SOLD PER METRIC TONS
    * FOR FY 2023, WE CONTINUE TO EXPECT A SIGNIFICANT
YEAR-OVER-YEAR
INCREASE IN OUR CASH COST OF GOODS SOLD PER MT
    * WE ANTICIPATE OUR FULL-YEAR CAPITAL EXPENDITURES WILL BE
IN
RANGE OF $55 MILLION TO $60 MILLION IN 2023
    * Q1 EARNINGS PER SHARE VIEW $-0.02, REVENUE VIEW $123.0
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw6R8fpra 
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