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Stock Market & Financial Investment News

News Breaks
May 9, 2014
08:07 EDTGTIGrafTech urges investors to vote for its seven director nominees
GrafTech says "The Board and management team have built an advantaged, low-cost, backward-integrated business model that is supported by a strong capital structure. The Company believes the business model has the power to deliver $500 million to $600 million in EBITDA when market demand fully recovers. Over the past five years, GrafTech’s Board and management team have implemented initiatives to improve the competitive strength of the Company during the industry’s current severe cyclical downturn and to best position GrafTech in anticipation of a recovery in the steel market. GrafTech’s Board and management team have a strong track record of value creation and a clear, winning strategy to drive long-term stockholder value. GrafTech's experienced and highly qualified Board is committed to serving the interests of ALL stockholders. Two leading independent proxy advisory firms, Glass Lewis and Egan-Jones, have recommended that GrafTech stockholders vote FOR the Company’s experienced and highly qualified nominees on the WHITE proxy card."
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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