GRAFTECH INTERNATIONAL LTD

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 2024

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

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 September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$130,654	$158,992	$404,565	$483,355
Cost of goods sold	134,885	157,603	402,059	427,464
Lower of cost or market inventory valuation adjustment	7,843	—	11,916	—
Gross (loss) profit	(12,074)	1,389	(9,410)	55,891
Research and development	1,245	1,295	4,319	3,683
Selling and administrative expenses	13,060	18,231	33,435	58,933
Rationalization expenses	(99)	—	3,156	—
Operating loss	(26,280)	(18,137)	(50,320)	(6,725)
Other (income) expense, net	(285)	153	(1,769)	1,261
Interest expense	16,503	15,719	47,738	42,432
Interest income	(1,098)	(1,144)	(4,475)	(1,758)
Loss before income taxes	(41,400)	(32,865)	(91,814)	(48,660)
Income tax benefit	(5,332)	(10,244)	(10,125)	(10,819)
Net loss	$(36,068)	$(22,621)	$(81,689)	$(37,841)
Basic loss per common share:
Net loss per share	$(0.14)	$(0.09)	$(0.32)	$(0.15)
Weighted average common shares outstanding	257,694,799	257,090,113	257,568,237	256,987,778
Diluted loss per common share:
Net loss per share	$(0.14)	$(0.09)	$(0.32)	$(0.15)
Weighted average common shares outstanding	257,694,799	257,090,113	257,568,237	256,987,778
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Net loss	$(36,068)	$(22,621)	$(81,689)	$(37,841)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $(16), $0, $29 and $0, respectively	10,308	(8,035)	(2,404)	(463)
Commodities, interest rate and foreign currency derivatives, net of tax benefit of $386, $1,218, $2,111 and $3,132, respectively	(1,315)	(2,906)	(7,516)	(9,079)
Other comprehensive income (loss), net of tax	8,993	(10,941)	(9,920)	(9,542)
Comprehensive loss	$(27,075)	$(33,562)	$(91,609)	$(47,383)

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.