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Last $4.14 USD
Change Today -0.02 / -0.48%
Volume 371.7K
GTI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

graftech international ltd (GTI) Snapshot

Open
$4.17
Previous Close
$4.16
Day High
$4.24
Day Low
$4.11
52 Week High
04/28/14 - $11.89
52 Week Low
10/8/14 - $3.31
Market Cap
566.4M
Average Volume 10 Days
876.2K
EPS TTM
$-1.05
Shares Outstanding
136.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GRAFTECH INTERNATIONAL LTD (GTI)

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graftech international ltd (GTI) Details

GrafTech International Ltd. manufactures and sells graphite and carbon material science-based solutions. It operates through two segments, Industrial Materials and Engineered Solutions. The Industrial Materials segment manufactures and delivers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; carbon, semi-graphitic, and graphite refractory hearth linings for blast and submerged arc furnaces used to produce iron and ferroalloys; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes. The Engineered Solutions segment provides extruded and molded graphite blocks, and machined graphite parts that are used in metallurgy, high-temperature industrial, and alternative energy applications, as well as produces a line of high temperature insulation for induction furnaces, high temperature vacuum furnaces, direct solidification furnaces, and other high temperature furnace applications; composite materials, which are used in applications, such as thermal protection, heat shields, and various other components; and electronic technologies comprising electronic thermal management solutions, fuel cell components, and sealing materials. This segment also offers materials, which include primary synthetic graphite powders, natural flake graphite powders, coke powders, and various other carbon/graphite powder derivatives for markets, including industrial lubricants, hot metal forming lubricants, conductive polymer fillers, and energy storage applications. The company sells its products through direct sales force, independent sales representatives, and distributors worldwide. GrafTech International Ltd. was founded in 1886 and is headquartered in Independence, Ohio.

2,397 Employees
Last Reported Date: 03/2/15
Founded in 1886

graftech international ltd (GTI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $300.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $290.1K
Vice President, General Counsel and Secretary
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2013.

graftech international ltd (GTI) Key Developments

GrafTech International Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Half and Capital Expenditure Guidance for the Full Year 2015; Reports Impairment Charge of Long-Lived Assets and Goodwill for the Fourth Quarter Ended December 31, 2014

GrafTech International Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of USD 259,871,000 against USD 308,502,000 a year ago. Operating loss was USD 86,012,000 against USD 25,718,000 a year ago. Loss before provision for income taxes was USD 96,316,000 against USD 35,606,000 a year ago. Net loss was USD 83,483,000 against USD 28,221,000 a year ago. Basic and diluted net loss per share was USD 0.61 against USD 0.21 a year ago. Net cash provided by operating activities was USD 38,014,000 against USD 51,659,000 a year ago. Capital expenditures were USD 15,667,000 against USD 23,646,000 a year ago. Total adjusted operating income was USD 14,018,000 against USD 8,075,000 a year ago. EBITDA was USD 36,969,000 against USD 32,582,000 a year ago. Adjusted net income was USD 7,922,000 against adjusted net loss of USD 4,079,000 a year ago. Adjusted net income per share was USD 0.06 against adjusted net loss per share of USD 0.03 a year ago. For the year, the company reported the company reported net sales of USD 1,085,304,000 against USD 1,166,674,000 a year ago. Operating loss was USD 255,620,000 against USD 2,570,000 a year ago. Loss before provision for income taxes was USD 294,792,000 against USD 40,102,000 a year ago. Net loss was USD 285,376,000 against USD 27,259,000 a year ago. Basic and diluted net loss per share was USD 2.10 against USD 0.20 a year ago. Net cash provided by operating activities was USD 120,903,000 against USD 116,837,000 a year ago. Capital expenditures were USD 84,981,000 against USD 86,344,000 a year ago. Total adjusted operating income was USD 30,676,000 against USD 48,773,000 a year ago. EBITDA was USD 121,429,000 against USD 143,844,000 a year ago. Adjusted net loss was USD 8,979,000 against adjusted net income of USD 10,251,000 a year ago. Adjusted net loss per share was USD 0.07 against adjusted net income per share of USD 0.08 a year ago. Net debt was USD 512,169,000 as on December 31, 2014 against USD 540,321,000 as on December 31, 2013. For the first half of 2015, the company expects EBITDA target of USD 45 million to USD 55 million; operating cash flow of approximately USD 40 million to USD 50 million (after approximately USD 15 million to USD 20 million of cash rationalization charges); depreciation and amortization of USD 44 million; operating loss to be in the range of USD 12 million to USD 2 million; interest expense of USD 18 million to USD 2 million and net loss to be in the range of USD 37 million to USD 27 million. For the full year 2015, the company expects capital expenditures of approximately USD 60 million to USD 70 million. For the quarter, the company recorded USD 75.650 million non-cash impairment charge of long-lived assets and goodwill, against the goodwill associated with the 2010 acquisition of Seadrift. On an after tax basis, the charge equates to USD 66 million, or approximately USD 0.48 per diluted share. The impairment was a result of the Company's reassessment of estimated future cash flows and triggered by continued pricing declines in the needle coke market and a re-evaluation of future expectations.

GrafTech International Ltd. Amends its Revolving Credit Facility to Provide Additional Flexibility

GrafTech International Ltd. announced that it has amended its revolving credit facility to provide additional flexibility, resulting in access to the full $400 million revolver. In addition, the company established a new $40 million senior secured term loan facility. The primary purpose of the credit facility amendment and the term loan facility is to further enhance its capital structure and to provide more than ample liquidity to repay its $200 million senior subordinated notes due in November 2015 while comfortably funding its ongoing operations and initiatives. The term loan is a delayed draw facility, which is to be used in connection with the repayment of the company's senior subordinated notes. The term loan facility was provided by a group of financial institutions led by J.P. Morgan and Bank of America. The interest rate on the facilities is a spread over the London Interbank Offered Rate and will vary based on leverage. The initial interest rate at closing is LIBOR plus 225 basis points.

GrafTech International Announces New Ohio Locations for Headquarters and Technology Center

GrafTech International Ltd. has announced two new Northeast Ohio locations for its global headquarters and innovation and technology center. The company previously announced its decision to relocate its headquarters and redesign its R&D function in September 2014 as part of its ongoing cost savings initiatives to improve profitability and competitive positioning. GrafTech's global headquarters will relocate to Independence, Ohio and will house approximately 50 employees working in the Company's corporate functions, including finance, legal and human resources. The decision to downsize corporate functions by approximately 25% has enabled the relocation to a smaller, more cost effective, corporate headquarters. The newly established Innovation & Technology Center will be located in Brooklyn Heights, Ohio and will include scientists, lab technicians and marketing professionals focused on driving innovation to support new product development. The redesigned R&D function will be focused on commercializing next generation technologies in carbon and graphite material science. The transition is expected to be completed by the end of the first quarter of 2015.

 

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