GrafTech International Ltd. (NYSE: EAF) reported Q1 EPS of $0.45, $0.03 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $319 million versus the consensus estimate of $353 million.

Outlook

We remain fully confident in the long-term growth trajectory of Electric Arc Furnace (EAF) steel production. Global warming and other environmental concerns are critical issues facing society and global companies, and the EAF steelmakers are among the largest recycling industries in the world. EAF steel making produces 75% less carbon emissions than traditional blast oxygen furnace steel making. EAF growth is continuing with significant capacity additions having been announced.

GrafTech is one of the largest graphite electrode producers in the world and a mission critical supplier to the EAF industry. We have three of the most efficient and largest graphite electrode plants in the world and are the only substantially vertically integrated producer. With this backdrop, and the decisive actions we have taken to manage through the COVID-19 pandemic, we are well positioned to weather this downturn.

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