GRAFTECH INTERNATIONAL LTD
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
EAF$10.29-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Dollars in thousands, except per share data)
| Three MonthsEnded March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||
| Net sales | $136,584 | $138,802 |
| Cost of goods sold | $135,204 | $112,645 |
| Lower of cost or market inventory valuation adjustment | 2,692 | — |
| Gross (loss) profit | (1,312) | 26,157 |
| Research and development | 1,627 | 1,192 |
| Selling and administrative expenses | 15,277 | 22,151 |
| Rationalization expenses | 3,145 | — |
| Operating (loss) income | (21,361) | 2,814 |
| Other (income) expense, net | (393) | 653 |
| Interest expense | 15,626 | 12,806 |
| Interest income | (1,524) | (372) |
| Loss before benefit for income taxes | (35,070) | (10,273) |
| Benefit for income taxes | (4,201) | (2,904) |
| Net loss | $(30,869) | $(7,369) |
| Basic loss per common share: | ||
| Net loss per share | $(0.12) | $(0.03) |
| Weighted average common shares outstanding | 257,399,365 | 256,974,904 |
| Diluted loss per common share: | ||
| Net loss per share | $(0.12) | $(0.03) |
| Weighted average common shares outstanding | 257,399,365 | 256,974,904 |
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS | ||
| Net loss | $(30,869) | $(7,369) |
| Other comprehensive (loss) income: | ||
| Foreign currency translation adjustments, net of tax of $45 and $0, respectively | (6,472) | 4,623 |
| Commodities, interest rate and foreign currency derivatives, net of tax (expense) benefit of $1,152 and $953, respectively | (4,253) | (2,577) |
| Other comprehensive (loss) income, net of tax | (10,725) | 2,046 |
| Comprehensive loss | $(41,594) | $(5,323) |
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