GrafTech International Ltd. (GTI) Reports In-Line Q2 EPS

GrafTech International Ltd. (NYSE: GTI) reported Q2 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $301 million versus the consensus estimate of $294.36 million.

Craig Shular, Chief Executive Officer of GrafTech, commented, "Our team delivered second quarter results in line with expectations, in spite of a very challenging operating environment. Record sales in our Engineered Solutions segment and proactive cost management across the Company positively impacted these results. We expect overhead expense** to be approximately $135 million this year as compared to $155 million in 2012."

In summary, expectations for 2013 are as follows:

EBITDA targeted in the range of $145 million to $165 million (previous guidance was $165 million to $195 million);

Overhead expense (selling and administrative, and research and development expenses) of approximately $135 million (previous guidance was $140 million);

Interest expense of approximately $37 million (previous guidance was $35 million to $40 million);

Capital expenditures in the range of $90 million to $110 million;

Depreciation and amortization expense of approximately $95 million (previous guidance was $90 million to $95 million);

An effective tax rate in the range of 35 percent to 40 percent (previous guidance was 33 percent to 36 percent); and

Cash flow from operations in the range of $110 million to $130 million (previous guidance was $150 million to $180 million).

For earnings history and earnings-related data on GrafTech International Ltd. (GTI) click here.

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