GRAFTECH INTERNATIONAL LTD

For the period ended Jun 30, 2024. Filed Jul 26, 2024.

About this filing

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.

Jun 30, 2024 · Filed Jul 26, 2024

EAF$10.29-3.1%Stored close · as of Nov 10, 2026

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Contents

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 Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$137,327	$185,561	$273,911	$324,363
Cost of goods sold	131,970	157,216	267,174	269,861
Lower of cost or market inventory valuation adjustment	1,381	—	4,073	—
Gross profit	3,976	28,345	2,664	54,502
Research and development	1,447	1,196	3,074	2,388
Selling and administrative expenses	5,098	18,551	20,375	40,702
Rationalization expenses	110	—	3,255	—
Operating (loss) income	(2,679)	8,598	(24,040)	11,412
Other (income) expense, net	(1,091)	455	(1,484)	1,108
Interest expense	15,609	13,907	31,235	26,713
Interest income	(1,853)	(242)	(3,377)	(614)
Loss before (benefit) provision for income taxes	(15,344)	(5,522)	(50,414)	(15,795)
(Benefit) provision for income taxes	(592)	2,329	(4,793)	(575)
Net loss	$(14,752)	$(7,851)	$(45,621)	$(15,220)
Basic loss per common share:
Net loss per share	$(0.06)	$(0.03)	$(0.18)	$(0.06)
Weighted average common shares outstanding	257,772,069	257,003,691	257,587,613	256,935,763
Diluted loss per common share:
Net loss per share	$(0.06)	$(0.03)	$(0.18)	$(0.06)
Weighted average common shares outstanding	257,772,069	257,003,691	257,587,613	256,935,763
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Net loss	$(14,752)	$(7,851)	$(45,621)	$(15,220)
Other comprehensive (loss) income:
Foreign currency translation adjustments, net of tax of $0, $0, $45 and $0, respectively	(6,240)	2,949	(12,712)	7,572
Commodities, interest rate and foreign currency derivatives, net of tax benefit of $573, $952, $1,725 and $1,905, respectively	(1,948)	(3,596)	(6,201)	(6,173)
Other comprehensive (loss) income, net of tax	(8,188)	(647)	(18,913)	1,399
Comprehensive loss	$(22,940)	$(8,498)	$(64,534)	$(13,821)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.