Earnings call transcript Q1 2023

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Operator

Good day, ladies and gentlemen, and welcome to the GrafTech First Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions] This call is being recorded on Friday, April 28, 2023.

I would now like to turn the conference over to Mike Dillon. Please go ahead. Thank you.

Michael Dillon

to first welcome call. XXXX and morning, GrafTech quarter International's earnings Good Financial with Kessler, Officer; Chief Chief Marcel today and Executive Flanigan, On are Alford, Chief me Officer; Jeremy Tim Officer. Operating comments. will with Marcel begin opening then will discuss operational and Jeremy matters. sales safety, and quarterly review details. financial results will other Tim our Marcel close on our will outlook. comments with

call questions. then will We to open the

Turning to slide. our next

statements current a some forward-looking of here. performance, call and statements forward-looking include other to reminder, uncertainties. the things, this risks on to indicated shown As Factors cause regarding, and materially trends are are subject These that by strategies. may those are from expectations actual matters discussed based differ among and statements on results could

non-GAAP measures, include discuss these also certain will We financial non-GAAP and reconciliations. slides the relevant

in website the of the slides section our available of replay these at A will Relations our also call be website. on Investor find can www.graftech.com. You

turn I'll over Marcel. now the call to

Marcel Kessler

GrafTech's Earnings morning, for Quarter Call. everyone. First joining you Thank Good

our you on Let XXXX. our me impact Monterrat one, to to that spoke performance significant in We the last We due in occurred of XXXX. X late perspectives will a suspension the effect noted factors: regarding there be residual shared that February.

from and ton. Second, first electrode lower per volume in non-LTE shift the reflecting mix higher for be cost year, the costs; to and highest to the quarter sales the We third, anticipate fourth, substantial revenue; grassfite in the the softness LTA demand. that earnings trough

accelerate gradually improve XXXX. performance to proceeded XXXX then We we in expected through and as further

for to Lastly, longer-term remain current regarding headwinds business. we the and navigate outlook we taken optimistic highlighted actions that the being the our

internal to which Caroni later, first the met Tim and in quarter, will performance speak projections. our Our

that the our of I highlighted are financial the the to performance. balance X relates it impacting As XXXX year, headwinds

outlook for unchanged. factors the largely Our remains X first

factor, graphite more force in On demand, has outlook slightly the softness electrode cautious. become our hand, regarding the other

see we discuss, will do for some market steel signs indicators. Jeremy encouraging As key

we to reasons. and translate the environment into anticipate the this seeing for commercial electrodes, demand of we the for X graphite not this yet attribute balance softness are However, in We year.

First, economic in current the exceed electrode our industry utilization reflecting the softness recent remains rates. recovery second, at inventory And customers by levels global of the graphite steel steel typical magnitude constrained norms, uncertainty.

year As result, been projections. our have full our compared volume slightly expectations a original reduced to

We volume currently expect XXXX estimate said, range XXXX. we metric sales to as That proceeds through of be to to basis our sequential the volume our in improvement tons. XXX,XXX in a quarter-over-quarter continue it on XXX,XXX

costs year largely Our in outlook the remains for unchanged.

to Broad on America. XXXX year-over-year the X% Association, increase as European As we steel Steel look includes This the demand well North demand steel X% accelerating in increase from latest most is with to XXXX, in growth projected based outlook a a ahead in expected further regions. as for recover

return demand electrode more in expect to continue normalized volume sales we such, to XXXX. levels As to our and

the targeted near-term To near-term plans proactively support long-term working executing the successfully we managing on growth. and our and for closely our demand costs, and manage the challenges volume last positioning further investments reducing the are to capital align competitive These production we in include call. market, improve with expenditures our to levels, electrodes operating plans capital the making graphite outlook discussed

on several We accomplishments. our pleased progress making with important like some advance are to the are to I we business highlight fronts. would

is was has Mexico with in lifted The November facility consistent Monterrey our expectations. well suspension been operating running plan Our XXXX. since in the

and objective well stock production We are inventory. rebuild our successfully to executing our our in progressing plan on

last agreed conditions line upon the that November. at state in in were all are with layoff the authorities established time accordance restart with We satisfying the the

to supporting well our forward engagement and and many the of to operating Monterrey authorities we new In as years with members as the addition, look community, facility we with the come. community expand continue for to local

Sectary We significant the received production Pennsylvania. mitigation regulatory at on progress to approval risk our have related restart in made Finstock. activities this to also we month, facility strategies our Earlier

Following this recently shipment milestone, the facility since received coke its of first needle XXXX.

of production beginning at the are We Tankers. in now process

addition, Spain also in our production our to initiate capabilities in-stock Pamflona efforts at In track. remain facility on

pleased are will with for progress mitigation We PIM important provide of risk as the production. initiatives both this

commercial have service new the On front, office additional opened and a and countries. sales new Dubai sales technical in we added in representatives

supply remain mix business agreement. electrode supply now, be positioned we customers shifted surety our Although offer uniquely non-LTA to of predominantly our via to has multiyear

In pleased multiyear confidence hyper over Europe. into to reflects agreements customers' to in North in deliver with and customers our Gras entered taxability products are fact, new have This reliably America time. we several recently in flogging

lead We the UN customers, United employees on for our to join alongside important we participating look week, and to to other progress stakeholders. in sustainability make the Nations leading the Global Last this our applied initiative Aligning and results business other to also under our continue and sustainability Compact many further key principles better forward strengthen companies. strategies will Global front. Compact

we optimally with shareholder tailwinds are transition deliver longer-term value. in arc furnace demand electric taking steelmaking that for Finally, to experience accelerating we growth. will and GrafTech medium- is benefit expected Decarbonization to believe to try graphite steel lectrodes from and actions a resulting position driving

the with the to raw batteries is sim soda addition, use our dilbit key material electric ion market. expected demand electrodes produce to accelerate also we needle lithium growing for of vehicle In graphite the coke,

and positioned our I at want their We to our on on for as ahead. business the favorable to plans and our industry to the we remarks. I will thank to prepared execute capitalize this move -- entire team trends, are well for further touch efforts these dedication continue of GrafTech end our long-term

Jeremy. With turn that, the over me let call to

Jeremy Halford

comments update core performance, I Marcel, morning, I start value do, a as a everyone. GrafTech. safety and good you, will my at Thank our brief which is always with on

did prior meet on our in point as XXXX incident call, performance were we below where quarter and recordable not manufacturing throughout the our well places broader is our indicated that operators high in area XXXX XXXX this a top among pleased the I'm year industry. key standards. with of rate I us improvement in of is As year-end emphasis our team our first for the

We in diligent seek our toward area this goal working build as zero momentum will ultimate continue we and injuries. this remain of to on highly

slide an results now the turn trends steel commentary. for update on quarter me as to outlook for next and first industry Let additional context our

the we sequential a remains improvement first quarter in excluding During trend XXX the remained utilization signs encouraging capacity This key which in sequential same approximately to production, same on quarter indicators, the from among excluding global XXX down industry prior but the the a first year. points but basis carries of in steel by ameremain through down to fourth the steel compared overall decline XXXX recovery quarter, China, This the X% X% year-over-year. constrained. basis while of Global a rates, China, saw represented compared the somewhat was XX% tons. million approximately slightly market period to first increased quarter

and among In at Looking to which remained U.S.-based steel auto ago spending, for see some of through the U.S., production trends, year continue stabilization the step-up with significantly below averaging Europe, continue significantly prices steel tick This the in XX% quarter in other and production rates quarter. key sequential we factors. of levels. including construction the participate. rising first reflects regions utilization up, a trends pricing, In HRC improved we to although both

also economic we remains. range the amount possibilities encouraging, are trends in is the recognize This key uncertainty presented outlook that of participants. reflected these a in of of significant wide While market

Turning performance. first to GrafTech's quarter

the combined XX% a decline utilization capacity production volume our representing and quarter. for resulting tons, in electrode XX% a Our for was year-over-year metric X primary approximately of XX,XXX rate facilities

we at have the just manufacturing Pamplona the As our for of below X capacity end towards production began the in Combined, Calle facilities of reduce our X/X European of operated first months to fourth quarter, XXXX. indicated, we proactively and at their facilities.

in We then second expect conditions. being for evolving back well production based of in and volume electrode done year align market increase the as high efficiently. outlook further costs on graphite the more our demand manage quarter energy steel is half our the as This to with to output to increase

in-stock the quarter our facility, and output was Monterrey line our our in for levels. our reflected production rebuilding inventory For expectations focus on first with

Turning to sales.

XXXX, Our XX,XXX XXXX for driver XX% contributed primary first also in impact in the business. customer the a to XXXX volume the of was late purchases suspended mix during volume more in window of Monterrey terms half non-LTA covering shifted our the for being of decline the has first was the and in for year-over-year expectations. demand our tons our with sales ended quarter. LTAs line commitment metric electrodes The key in Further, of approximately quarter sales most of first to decrease. Lower

average ton metric these per our LTAs average non-LTA included of a tons $X,XXX sales shipments price prices weighted Both quarter expectations. per consistent metric and ton. of metric X,XXX First our realized of at realized nearly $X,XXX sold at weighted were under of price with a XX,XXX tons metric

As decreased of sales the factors, the XXXX. of compared combined a result XXXX in XX% these quarter quarter first first net of to

recover second through tons begin suspension in a range continue XX,XXX the the quarter of while XX,XXX for be XXXX, to impact, of to of the will sales we impact will proceed our and we the volume Monterey significant quarter. metric As residual have the anticipate to

we we sales will reflecting of is the expected volume in our impact. past the move Non-LTA half as commercial further second decline levels, environment. quarter first from softness Monterey pricing the slightly driven year, suspension recover to In the anticipate

of However, customers, we our regarding range second this, to as outlook sales half now elevated noted, XXX,XXX we've in tons. levels electrode will Reflecting for full of more at estimate metric inventory year given we our XXX,XXX the our commercial and are uncertainty volume all be graphite cautious the currently of economic XXXX.

of Tim now results. the to over our cover it me turn rest Let financial to

Timothy Flanagan

Jeremy. Thanks,

first reflecting million reflecting primarily sales the of the and and Adjusted higher-priced million year margin inventory $X on occurred a was raw And EBITDA $X.XX For quarter XXXX, XXXX, from share. of metric increases EBITDA -- million first of or we lower full a decrease an in energy per higher net Expanding basis. first material, a or costs the sold costs, quarter the during per cost this throughout loss XX%. that is of impact volume of $XXX on was ton adjusted XXXX. freight quarter, year-over-year $XX had

are as quarter. that the been operating we utilization capacity during have cash quarter, XX% costs rate approximately costs addition, first our at In production million for $XX the inventory, compared normal our levels would of to fixed otherwise included

our the excludes metric ton represented depreciation cash as in, and amortization the quarter XXXX. and metric sales for we Factoring items. our all goods of year-over-year associated first continue of increase byproduct as sequential a in prior our The -- quarter per COGS a cash On cash in guidance cash other COGS per XXXX, and ton reminder, COGS well with to for of ton basis, project as cost with of year were noncash full compared fourth line metric $X,XXX X% approximately increase to per is this a that cost XXXX.

also the XXXX. COGS We to continue expect first watermark represents the for cash high our costs in that quarter

our the project to the As metric slightly we of such, quarter. cash year, looking to costs first per balance to ahead the compared ton improve

result on leverage based as a utilization costs remaining As in remain of we as the elevated well XXXX cost on rate, of our cost impacts management. low focused input fixed

drive to procurement of For look sources the are business. the materials working to and out to example, new technology evaluate suppliers qualify we of teams our continue use, raw costs

usage as waste elements. identifying operating well our process scrap of reducing opportunities of key levels and production variable ways teams cost assessing in Additionally, as reduce are to the

the term oil. including Furthermore, elements for to of market we energy certain our expect in to medium to key structure, and decline pricing cost continue DKN long

volume to expected with an sales anticipated is for full in capacity levels of our return the more reasons, increase these year to utilization For XXXX. normalized and

per We significantly move current metric that year. the are will as our optimistic cost beyond ton we improve

million quarter, continue $XX we our an income decreasing cash both increase The by first in provided closely of capital working by to free Turning $X operations change reflecting and net in measures cash XXXX, the from cash lower of cash of lower the In flow, the with partially was offset compared to income. million to working net flow. adjusted capital we levels. quarter generated manage as first net

Moving the next to slide.

as we debt a of ratio the compared Our of end gross debt to on basis, a X.Xx. X.Xx XX to X.Xx at XXXX. -- ratio adjusted was of March quarter ended net We at the EBITDA

and As $XXX liquidity was consisting $XXX consistent under of our This $XXX in liquidity we cash million million, approximately total with level March available our was where credit facility. XXXX. of XX, of million ended revolving

allocation capital disciplined Our a our history to has demonstrated long-term executing strategy. prudent commitment and

as St. liquidity we on For XXXX, from the maintaining targeted recover investments, our this as the while restart the such of Marys operations. focus of suspension, the entails Monterrey sufficient impact making

expenditures expect to in facility remain investment With liquidity cash ample to expenditures the we conditions. we million our For working our $XX on free And and we for market range to capital the XXXX. full of supporting costs, we including credit $XX existing capital expect continue capital to focus availability growth. levels, to year, positive managing million, navigate and on to continue be have be cash confident flow under current hand between the that the our

I'll Marcel now turn for it on the back to perspective his outlook.

Marcel Kessler

you, Thank Dan.

deliver And we actions our taking in benefit and the are near-term that teams believe made have about overcome to this remain value. confident our ultimately encouraged from few remain for the ability Let we significant me Grastek sustainable we progress headwinds to our we will reiterate the and are To tailwinds longer-term optimistic last over months. outlook shareholder that industry position by business. point,

expect by Specifically, producers additions by could at efforts to of shift steel supporting graphite tons. demand electrode EAF incremental XXX,XXX graphite to electric furnace tons demand production in we decarbonize long-term growth graphite result annual will XXXX and capacity XXXX. a EES the approximately of for outside to continue electrodes of announcement outside XXX,XXX industry's of global increases steel medium- planned existing steel of China estimated further to to demand arc drive China electrode This plans electric compares in metric making,

announcements, XX,XXX basis, tons electrode incremental tons translate in in and North this regional metric into graphite approximately Europe industry On for metric a demand America. XX,XXX based on could

Agency petroleum batteries on of the of for for result XXXX. its use global electrode coke to portion to electric Based foundational needs. through needle our material We growth could to from EV rapidly sustainable sales compound -- also a I are for needle vehicle and as lithium This battery estimates to over in growth in graphite ability the pack the synthetic coke critical annual in Energy and customers' our applications rate driven our at projected demand the anticipate sites. accelerate EV by market. precursor growing International produce anode demand ion use meet increasing advantages competitive XX% regarding differentiators for

Coke facility. We highest in electrode our are have the vertical secret through world, substantial the facilities petroleum and of operating the production we capacity manufacturing to use integration

X Grastek In will to I spoke produce X different continents. addition, to on the facilities earlier actions position uniquely XX in

creation We beyond opportunities also long-term value existing our business. electrode see

potential We the first have in petroleum ways demand needle given in technical our the can coke been we and and know-how studying in leveraging participate see is market, growth. EV which the -- the anticipated the X production, expected of by we avenue assets growth

of could the construction participation with party. facility or include either a partnership Our needle third greenfield of a expansion Seadrift potentially in call

actively are both We studying options.

third the of As with facility Seadrift, and parties. lithium to with use our it of relates piloted produced material have we several battery ion creating the petroleum at purpose udo

are be we that precursor our standards camels. quality a legal and to the meets for specifications confident result, coke in battery produce needed As a material ability to

leveraging the and some knowledge and second analysts. Regardless opportunity battery is to largest its source resources is possesses coke, the required gratitization of graphitization synthetic resources in the potential synthetic to and world. needle our produce graphite material The required of expertise graphitization convert for X graphite, the GrafTech of

or commitments, firm described, to any not of forward we that more we in scenarios about possibility While made and the all as have are participating can. we in I we some sharing look excited the

advantages industry-leading value-added for talented distinct committed current is in capabilities executing place the we plans position, manage our team remains dedicated set In thesis solutions possesses the of and environment. and a intact. that and and Further, to are an services to long-term providing effectively competitive put our GrafTech closing, customers.

balance Lastly, our sheet to capital allocation liquidity result strong navigate ample disciplined as we near the strategy, of a term. and have a

reasons, in I these For deliver ability to confident value. remain shareholder our

remarks. That prepared concludes our

for the call open We will now questions.

Operator

begin first now will we from comes gentlemen, Instructions] question-and-answer and RBC. [Operator Wichita [ph] session. from Ron Ladies you. Thank question the The

Unidentified Analyst

for guess, off, just first the I So then. this on outlook year

the and moderated as of volume and guess, it What touch macro to what you Is picture -- you seen weakening demand-wise. to kind maybe seeing are Asia of for guess, you that the moderation have changes some because or specifically? in maybe in backdrop staff? volume weakening What you specifically I recovery just So a I there? continued moderate well outlook, Europe, led slower-than-expected the

Marcel Kessler

thank you Well, for your question.

I there elevated of think to the driver continues probably think I the regions. be And across slight moderation all inventory. levels a primary

So point a reason I that. would region or any to specific really beyond

all share. probably can that's we think I what

to recent weak has relatively mills led higher that think utilization months of steel inventory the in simply levels. I

is the I that think driver. key

Unidentified Analyst

How Okay. price spot I what standpoint, per had in volume price do you've electrode And are a you on the I improvement a ton then you think to I have that year, guess similarly -- a last backdrop? just Is range. soft the you there move electrode pressure downward from you then on then, given some guess, Obviously, needle as would And $X,XXX prices coke. question will similar seeing, saw markets? evolve through 'XX?

Marcel Kessler

I electro and I'm pricing Jeremy to will to then for hand talk coke. over needle going it to

out. Jeremy So as pointed

of pricing first we expect So expect of pricing decline demand. And commercial slightly the to quarter, for environment. from quarter headwinds course, the levels, softness we the the continue non-LTA weak second the in do reflecting year the to given balance

the Now out. visibility actually and that going for But in we desire can quickly. levels XXXX very further more pricing market have this pricing is move we on clarity pricing obviously quite further into we all know, limited beyond. as reality on understand the And

XX% our of when QX you the non-LTA a QX just we may XXXX. that increased remember ago in pricing fact, this to quarter about by 'XX In over from year following saw

both is quarters business more upcoming be there why we and calls the correlation that is about quickly, has been we to per recognize about volume move ton, positive And we've know, previous averaged typically we fundamentals though, guidance metric the on said, expect a that between supportive talked that and pricing expect focused we where all remain which which on have to to things our indicated, our longer $X,XXX $XX has term. about needle the visibility. With and reasons you So Historically, as as and can that of electrode for this the well. change pricing over spread pricing. of have we we coke

Jeremy Halford

Yes.

picking on in $X,XXX coke similar bit coke or pricing a We've front. more needle cyclicality that so little themes the we've below seen somewhere around needle right up that. What very recently the And seeing premium similar premium, pricing. needle been is super those normal in seeing coke, we've volatility ton the here been a

that's so And right seeing what now. kind we're of

$X,XXX As volatile, XX as months and to the as low pricing, we needle XX been it's at highly high $X,XXX look prior below that. as coke months within last as

So market said, fully growth from I offset think electrode reflecting the market and that. hasn't that's the in conditions EV some volatile, it the the time. that we've the And at coming is market highly we seen as softness

Unidentified Analyst

to then all Okay. just that sum And up then.

So the EBITDA downwards $XXX $XXX year, range million. that is imagine to of kind of for statement? prior this Is a would fair biased I million versus

Timothy Flanagan

Jeremy's points on -- on mean Yes. commentary cost the the so guidance. Marcell's well given pricing the side as I as reference side needle coke I think and

in will few quite the points a help that certainly. given think I you we've modeling, data

picture what you would our for we of when year. EBITDA that think to pretty a otherwise be in, you look projection have I good the put should

Unidentified Analyst

battery through? the contribution that What of maybe any could of just completed of some have there? endeavors Is earnings lastly, kind mileposts of EV can side. as -- appreciate we that commercialization seeing the time line your time Okay. you can is we that when contribution the are of see there. to there be as yes, to any opportunities kind and when you're some expect expect on to to some on a the far that there start get and from share flowing And some on comments I And

Marcel Kessler

firm question. we appreciate not yet commitments. made I any as And the I've have noted,

at a we how opportunities space, might might and as have continue therefore, and might important how participate. I to But to current developed out we'll firm soon felt of this share much be And made thinking any study with and But I the we better was our you this it evolve than not of point. date how we came this any as think more with understanding this participate. share or So commitments we I up milestones we've as happy we there to can.

Operator

of The Alex comes [ph] next question Citi. from

Unidentified Analyst

I to Mary's. achieve guess hoping first you levels production question What St. there? of kind on just are

Jeremy Halford

Yes, thanks.

came of with So the And going restart the the our was to supply primary PIN it. to St. year, And -- go into chain. as that's really do into when progress our full derisk to we intent objective this. Mary's the how we we're that's

landed having to plants at that volumes on market lowest customer complete, level that the put derisking Beyond there based price. the be service balance among really the to of going are we production achieve through the that really we'll and our conditions highest

Unidentified Analyst

Okay. fixed through obviously for the in And I'm rest confused guidance You've year, You little run wanted the the It by that you'd much cost right? that cash given of cost a inventory. to then going on lot the more year, to amortization, the wasn't come have a in said that just right? but like quarter. first down cost clarify sounded X,XXX the I high-cost

a So cost for relevant be that, cash I the would expecting sort dramatically, was year? coming way number in coming that of of the but not down down rest necessarily

Timothy Flanagan

Yes. right. you're And

is which, watermark X,XXX think first the quarter, high it So year. as the for see we the for again, I

to XX% the a think $X,XXX costs, firm over still guided holding about the on which have a we're we which averaged range ton. we to guidance cash provided XXXX's XX% first I in of quarter,

that higher range. first puts the performance probably Now end albeit the quarter towards us of

around full go see we So back we the of the the of year range previously half some year, that be but average right will, still the provided. high we'll through the as moderation again, end

Unidentified Analyst

into chain. putting on in then kind a does EV question. the basic product... use supply IRA of And is your really graphite This form domestic just But encourage of the graphite some Okay.

Marcel Kessler

much very Absolutely. Yes, so.

that's America. America, the for seeds using I in North regions Eagle driver may opportunities couple and of clear but well, the driver using potentially There that's other a potentially us, assets that. and really least in as our at coke think the North opportunity in for rateriation be for

Operator

The next [indiscernible]. from question comes

Unidentified Analyst

Looking to XX, this how What I you expect is more to you what means we closer think volumes XXXX you Can a levels. talk that? more that? mentioned to saw normalized in to normalized bit should about -- we about return Or and 'XX? think

Timothy Flanagan

Yes. at so in -- and certainly, I first see we're the a fairly half, quarter. point improvement here we the mean second some in low

I We through back QX expect looks leading and QX, cited think as a number. you improvement Jeremy to heading the XXXX. next bit And a we'll like exactly lead that of into point absolute well pickup X an what demand statistics see us into that from believe I'd demand to see steel to year. sequential that

of head or sorry, utilization of us XX,XXX that market we we we're XXXX. ton second looming the with and our and we that brings, quarter over get for running, to year, in some the here not Star beyond. certainly XXXX, level on Monterrey St. quarter the And but a or and this into won't the flat in But the Again, conditions. that fully the have we dependent I shutdown high impact are could pretty as assets or was We additional ran restart year the capacity think range Mary's that seeing the certainly, rate. that all of certainly, at out first

be So commercial a for good very overall, us. XXXX should year

Unidentified Analyst

Okay. types of mean? that signed bit And volume any a Because I multiyear think the agreements? you in I talk what Can some agreements. saw does these that -- think you you about mentioned don't new LTAs? Are I change that

Timothy Flanagan

Yes.

original So the signed again, the back LTA XXXX and 'XX. to were on those relates front, in LTAs that it guidance

the that had here in similar signed the early same base to they some again, exactly we customers' market. I We where and think, new part to of on electrodes our in the have the in commitment our commitment not terms, and to agreements, the confidence and of arrangements reflect kind customer ability past. these GrafTech electrodes into our albeit had several their we've deliver Grafex's year, high-quality this success But

obviously we value the that can these supply of provide. So customers surety

those So will part that overall our happy the portfolio. continue And very on as making of hopefully front. with progress we're to grow yes, we're

Marcel Kessler

maybe further may if then. And clarify, I to

that sales tables we agreements, LTA were So not years entered LTA multiyear multiyear those sales do we include not the are going are ones original tables in new into agreement disclosing and the So will forward. X any traditional those right? include the that purely ago,

is that achieved positions. terms are market Given obviously current the price and right? the to different, closer pricing is And the

So it's not quite comparable.

existing it So to lump the will we tables. don't the of think correct many LTA be

Unidentified Analyst

any you these going Are to provide information going on forward new contracts?

Timothy Flanagan

direction. of our we'll portfolio, necessary provide Yes. Certainly, material overall as they become some piece commercial more a

Unidentified Analyst

you. Thank

Operator

over question-and-answer for our closing back hand I session. remarks. the Mr. will to call concludes This Kessler

Marcel Kessler

weekend. operator. August. in on Thank we in with you you, GrafTech, speaking nice everyone Have and forward look for this to to thank like interest call I'd your a

Operator

your that you conference lines. Ladies please and for your ask and gentlemen, does you this thank We disconnect today. for call participation conclude the

GrafTech International (EAF) 28 Apr 232023 Q1 Earnings call transcript