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GrafTech International Q4 Earnings, Revenue Decline

· 02/05/2021 02:31

07:19 AM EST, 02/05/2021 (MT Newswires) -- GrafTech International (EAF) reported Q4 net earnings Friday of $0.47 per diluted share, down from $0.61 a year ago. The consensus of analysts polled by Capital IQ of $0.39.

Net revenue for the quarter ended Dec. 31 was $338.01 million, down from $414.61 million a year ago. Analysts polled by Capital IQ expected $313.91 million.

The Ohio-based manufacturer expects the graphite electrode market to improve further in 2021 if the steel industry continues improving, CEO David Rintoul said.