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    Analysis

    November 12, 2024

    GrafTech Q3 loss widens as electrode demand remains soft

    Written by Ethan Bernard

    Third quarter ended Sept. 3020242023% Change
    Net sales$130.7$159.0-17.8%
    Net earnings (loss)$(36.1)$(22.6)-59.7%
    Per diluted share$(0.14)$(0.09)-55.6%
    Nine months ended Sept. 30
    Net sales$404.6$483.4-16.3%
    Net earnings (loss)$(81.7)$(37.8)-116.1%
    Per diluted share$(0.32)$(0.15)-113.3%
    (in millions of dollars except per share)

    GrafTech International’s third-quarter net loss increased from last year, with the company anticipating continuing weakness in near-term demand for graphite electrodes.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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