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GrafTech International Reports $47 million Net Loss in Q3 and Announces Manufacturing Facility Closure

The Motley Fool +1 ·

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EAF GrafTech International Ltd
$8.51 +14.23%
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  1. 1GrafTech International Ltd. reported a net loss of $47 million and a net loss of $1.76 per share in the third quarter.
  2. 2GrafTech International Ltd. announced the planned closure of its manufacturing facility in Monterrey, Mexico.
  3. 3GrafTech recorded a weighted average realized price of $3,900 per metric ton in the third quarter.

So what's the key point?

What is the main point? GrafTech International Ltd. lost $47 million in the third quarter and decided to close its factory in Mexico. The company is reducing its production facilities as it faces financial losses.

Source The Motley Fool +1 · View original ↗

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