Key Developments: GrafTech International Ltd (GTI)
8.30USD
23 May 2013
$0.06 (+0.73%)
$8.24
$8.06
$8.48
$8.06
1,632,506
1,802,343
$11.47
$6.41
Latest Key Developments (Source: Significant Developments)
GrafTech International Ltd Lowers FY 2013 EBITDA Guidance; Issues Q2 2013 EBITDA Guidance Below Analysts' Estimates
GrafTech International Ltd announced that on April 22, 2013, the World Steel Association (WSA) cited that global steel production, excluding China, declined 3.6% in the first quarter of 2013 as compared to the same period in the prior year. On April 11, 2013, the WSA had also reduced its steel demand growth forecast from 3.2% to 2.9% in fiscal 2013, largely driven by a soft first quarter and a weaker outlook in the European Union. Steel customer confidence remains low given the slow start to the year in steel production. As a result of the above economic and steel data, the Company is reducing targeted EBITDA range for fiscal 2013 by approximately five percent to $165 million to $195 million to reflect weaker than previously anticipated demand for graphite electrodes. For the second quarter of 2013, it expects EBITDA to be in the range of $30 million to $40 million. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $42 million for the second quarter of 2013 and EBITDA of $194 million for fiscal 2013. Full Article
GrafTech International Ltd Issues Q4, FY 2013 EBITDA Guidance In Line With Analysts' Estimates; Issues Q1 2013 EBITDA Guidance Below Analysts' Estimates; Comments On H2 2013 Earnings Guidance
GrafTech International Ltd. announced that for fiscal 2013, it expects EBITDA to be in the range of $175-$250 million. For first quarter of 2013, it expects EBITDA to be in the range of $30 million to $40 million. For second half of 2013, it expects improved profitability due to higher sales in both business segments and lower costs in Industrial Materials segment as work off higher cost inventory and reflect lower fixed cost per unit of production as operating rates improve. For fourth quarter of 2013, it expects EBITDA to be in the range of $60 million to $70 million. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $53 million for first quarter of 2013; EBITDA of $66 million for fourth quarter of 2013 and EBITDA of $244 million for fiscal 2013. Full Article
GrafTech International Ltd Lowers High End Of Prior FY 2012 EBITDA Guidance To A Range In Line With Analysts' Estimates
GrafTech International Ltd announced that for fiscal 2012, it expects EBITDA in the range of $235 million to $245 million (previous guidance was $235 million to $255 million). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $239 million for fiscal 2012. Full Article
GrafTech International Ltd. Lowers FY 2012 EBITDA Guidance; Issues Q3 2012 EBITDA Guidance Below Analysts' Estimates
GrafTech International Ltd. announced that given the waning expectations for global economic recovery and a weaker demand environment, the Company expects fiscal 2012 EBITDA to be in the range of $235-$255 million. For the third quarter of 2012, it expects EBITDA to be in the range of $55-$65 million. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $256 million for fiscal 2012 and EBITDA of $73 million for the third quarter of 2012. Full Article
GrafTech International Ltd. Announces Share Repurchase Program
GrafTech International Ltd. announced that the Board of Directors approved a new share repurchase program for up to 10 million shares of GrafTech common stock. GrafTech may purchase shares from time to time, with the approval of the Board of Directors, in the open market or through private transactions as market conditions warrant. Full Article
GrafTech International Ltd. Issues Q2 2012 EBITDA Guidance In Line With Analysts' Estimates; Reaffirms FY 2012 EBITDA Guidance-Conference Call
GrafTech International Ltd. announced that for the second quarter of 2012, it expects EBITDA to be in the range of $60-$70 million. The Company has reaffirmed fiscal 2012 guidance and expects EBITDA to be in the range of $250-$290 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $62 million for the second quarter of 2012; EBITDA of $272 million for fiscal 2012. Full Article
GrafTech International Ltd. Issues FY, Q1 2012 EBITDA Guidance Below Analysts' Estimates
GrafTech International Ltd. announced that for fiscal 2012, it expects EBITDA to be in the range of $250-$290 million. The Company expects first quarter 2012 will be weakest with EBITDA targeted to be in the range of $35 million to $45 million due primarily to the low steel production rates in the fourth quarter causing customers to carry extra graphite electrode inventory into the first quarter of 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $98 million for first quarter of 2012; EBITDA of $408 million for fiscal 2012. Full Article
GrafTech International Ltd. Completes Share Repurchase Program; Announces New Ten Million Share Repurchase Program
GrafTech International Ltd. announced that it has completed the repurchase of approximately 2,000,000 shares of its common stock since September 30, 2011. This concludes the previously announced program to repurchase up to 3,000,000 shares. Subsequently, the Board of Directors approved a new share repurchase program for up to 10,000,000 shares of its common stock. Full Article
GrafTech International Ltd. Acquires Fiber Materials, Inc. Business
GrafTech International Ltd. announced that it has completed the acquisition of the business and assets of Fiber Materials Inc. (FMI), a privately held manufacturer of highly engineered advanced carbon composite materials, for $14 million. Full Article
GrafTech International Ltd. Updates FY 2011 EBITDA Guidance To A Range In Line With Analysts' Estimates
GrafTech International Ltd. announced that for fiscal 2011, it expects EBITDA to be in the range of $275-$285 million (previous guidance was $285 million). According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $283 million for fiscal 2011. Full Article
Earnings vs. 
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