GrafTech International Earnings: Everything You Must Know Now

GrafTech International Ltd. (NYSE:GTI) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

GrafTech International Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 86.36% to $0.03 in the quarter versus EPS of $0.22 in the year-earlier quarter.

Revenue: Decreased 4.63% to $301 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: GrafTech International Ltd. reported adjusted EPS income of $0.03 per share. By that measure, the company met the mean analyst estimate of $0.03. It beat the average revenue estimate of $294.36 million.

Quoting Management: Craig Shular, Chief Executive Officer of GrafTech, commented, “Our team delivered second quarter results in line with expectations, in spite of a very challenging operating environment. Record sales in our Engineered Solutions segment and proactive cost management across the Company positively impacted these results. We expect overhead expense to be approximately $135 million this year as compared to $155 million in 2012.”

Key Stats (on next page)…

Revenue increased 18.63% from $253.73 million in the previous quarter. EPS were the same at $0.03 as the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.10 to a profit $0.07. For the current year, the average estimate has moved down from a profit of $0.30 to a profit of $0.22 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)