GrafTech International Expects Q3 Sales Volume In Line QoQ, Modest Improvement In FY24 Sales Volume YoY, Reiterated FY24 Capex Of $35M-$40M
Portfolio Pulse from Benzinga Newsdesk
GrafTech International expects Q3 sales volume to be in line with Q2, with a modest improvement in FY24 sales volume YoY. The company anticipates a mid-teen percentage decline in FY24 cash cost of goods sold per MT compared to 2023, and reiterated FY24 capex of $35M-$40M.
July 26, 2024 | 10:44 am
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GrafTech International expects Q3 sales volume to be in line with Q2, with a modest improvement in FY24 sales volume YoY. The company anticipates a mid-teen percentage decline in FY24 cash cost of goods sold per MT compared to 2023, and reiterated FY24 capex of $35M-$40M.
The news indicates stable sales volume in the short term and a modest improvement in the long term, along with a significant reduction in costs. This is likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100