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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."
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July 29, 2015
07:55 EDTGTIGrafTech does not see significant improvement in results in 2H15
Market conditions remain challenging in both the Industrial Materials segment and Engineered Solutions segment. Pricing in the Industrial Materials segment will be lower year-over-year, while volumes in this segment remain under pressure due to weak electric arc furnace steel production in response to continued end market weakness and temporary displacement by high Chinese steel export levels. In the Engineered Solution segment, weak advanced consumer electronics and oil and gas market demand for our products is negatively impacting volumes and pricing. While the previously announced cost initiatives are on track to deliver $50 million in cash savings in 2015, these savings will not fully offset the decline in pricing and volume across both business segments. In light of these market conditions, the Company will reduce production rates further to align with current market demand. Based on these conditions, the Company does not expect a significant improvement in results in the second half of 2015.
07:55 EDTGTIGrafTech says on track to deliver approx. $50M in cash savings in 2015
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07:54 EDTGTIGrafTech reports Q2 adjusted EPS (12c), consensus (10c)
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