GrafTech Slips After Mixed Q1 Results
GrafTech International Ltd (NYSE:EAF) reported first-quarter sales growth of 20.3% year-over-year to $366.25 million, missing the consensus of $377.83 million. Adjusted EPS improved to $0.48 from $0.37 in 1Q21, beating the consensus of $0.44. Sales volume increased 16% Y/Y. Production volume increased 28% Y/Y. The gross margin contracted 412 bps to 47.8%.…
Benzinga ·
Benzinga
