EXHIBIT 99.1

graftechinternationala01.jpg



Contact:
Meredith Bandy
Vice President, Investor Relations
216-676-2000


GrafTech Reports Second Quarter 2018 Results


BROOKLYN HEIGHTS, Ohio - August 3, 2018 - GrafTech International Ltd. (NYSE: EAF)(GrafTech or the Company) today announced strong financial results for the quarter ended June 30, 2018, including net income of $201 million, or $0.67 per share, and Adjusted EBITDA from continuing operations of $292 million.

“I am pleased to announce another strong quarterly result for GrafTech. We continue to leverage our unique competitive position in a structurally changed industry and to deliver returns to our shareholders,” said David Rintoul, President and CEO of GrafTech. "Graphite electrode demand from steelmakers remains robust and our order book is full. Our substantial vertical integration and ongoing operational improvements allow us to provide long-term contracts and secure, reliable, high-quality supply to our customers."

Key Financial Measures
 
For the three months
ended June 30,
 
 
For the six months
ended June 30,
 
(dollars in thousands, except per share amounts)
2018

2017

 
2018

2017

 
 
 
 
 
 
Net sales
$
456,332

$
116,314

 
$
908,231

$
221,053

Net income (loss)
$
201,448

$
(17,383
)
 
$
425,121

$
(43,727
)
Earnings per share (1)
$
0.67

$
(0.06
)
 
$
1.41

$
(0.14
)
Adjusted EBITDA from continuing operations (2)
$
291,956

$
12,261

 
$
602,295

$
16,452

(1) Earnings per share represents diluted earnings per share after giving effect to the stock split effected on April 12, 2018, resulting in 302,225,923 shares outstanding.
(2) See below for more information and a reconciliation of EBITDA from continuing operations and adjusted EBITDA from continuing operations to net income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP.
Net sales for the quarter ended June 30, 2018 increased to $456 million, compared to $116 million in the second quarter of 2017. The improvement was primarily due to an increase in the weighted average realized price for graphite electrodes, which rose to $9,933 per metric ton (MT) in the second quarter, compared to $2,430 per MT in the prior period. Graphite electrode demand and pricing remains strong due to a combination of growth in electric arc furnace steel manufacturing, long-term reductions in electrode manufacturing capacity, and limited supply of petroleum needle coke, the primary raw material input for graphite electrodes.
Net income increased dramatically to $201 million, or $0.67 per share, in the second quarter of 2018, compared to a loss of $(17) million, or $(0.06) per share, in the second quarter of 2017. Higher graphite electrode revenues were the primary driver of higher net income.
 

1

The following information was filed by Graftech International Ltd (EAF) on Friday, August 3, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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