GrafTech International Ltd. today announced its financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, net sales were $134 million, a 2% decrease year-over-year, while sales volume increased by 13%. The company reported a net loss of $(49) million, or $(0.19) per share, and adjusted EBITDA was negative $(7) million.
For the full year 2024, net sales decreased 13% to $539 million, despite a 13% increase in sales volume compared to the prior year. The full-year net loss was $(131) million, or $(0.51) per share, and adjusted EBITDA was $2 million. Cash costs on a per metric ton basis were reduced by 23% for the full year 2024, demonstrating significant cost management efforts.
Looking ahead to 2025, GrafTech anticipates a low double-digit percentage point year-over-year increase in sales volume and expects a mid-single digit percentage point decline in cash cost of goods sold per metric ton. The company has informed customers of its intention to implement a 15% price increase on uncommitted 2025 volumes, aiming to address the 'unsustainably low' pricing environment and accelerate its path to normalized profitability. Liquidity stood at $464 million as of December 31, 2024, following the successful completion of capital transactions.
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