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Stock Market & Financial Investment News

News Breaks
January 23, 2013
06:23 EDTGTIGrafTech downgraded to Neutral from Buy at Davenport
Davenort downgraded GrafTech due to lack of earnings growth and fair valuation. Price target lowered to $12 from $16.
News For GTI From The Last 14 Days
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July 29, 2014
08:58 EDTGTIGrafTech sees FY14 EBITDA $135M-$150M
Sees Q3 EBITDA $30M-$40M. Sees 2H effective tax rate ~35%. Cuts FY CapEx view to $85M-$95M from $100M-$110M, cuts FY cash flow from operations view to $125M-$140M from $150M-$180M.
08:58 EDTGTIGrafTech announces $126M non-cash impairment charge, additional initiatives
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08:57 EDTGTIGrafTech sees Q2 adjusted EPS (5c), consensus 1c
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08:56 EDTGTIGrafTech evaluating structure of Industrial Materials, Engineered Solutions
The company is reevaluating its business structure of the Industrial Materials and Engineered Solutions segments and the ongoing needs to support those businesses. The company expects to complete this assessment over the next quarter. Anticipated actions under consideration include a combination of layoffs, attrition, early retirement, reduced contractor costs and other cost savings initiatives designed to simplify work processes and drive greater accountability.

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