GrafTech International Ltd (NYSE:EAF) Q3 2023 Earnings Call Transcript November 3, 2023 10:00 AM ET

Company Participants

Mike Dillon - Vice President, Investor Relations and Corporate Communications

Marcel Kessler - Chief Executive Officer

Jeremy Halford - Chief Operating Officer

Tim Flanagan - Chief Financial Officer

Conference Call Participants

Arun Viswanathan - RBC Capital Markets

Bill Peterson - JPMorgan

Alex Hacking - Citi

Sophia Danziger - RBC Capital Markets

Abe Landa - Bank of America

Operator

Good morning, ladies and gentlemen, and welcome to the GrafTech Third Quarter 2023 Earnings Conference Call and Webcast. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] This call is being recorded on Friday, November 3, 2023.

I would now like to turn the conference over to Mr. Mike Dillon, Vice President, Investor Relations and Corporate Communications. Please go ahead, sir.

Mike Dillon

Thank you. Good morning and welcome to GrafTech International's third quarter 2023 earnings call.

On with me today are Marcel Kessler, Chief Executive Officer; Jeremy Halford, Chief Operating Officer; and Tim Flanagan, Chief Financial Officer. Marcel will begin with opening comments. Jeremy will then discuss safety, the commercial environment, sales and operational matters. Tim will review our quarterly results and other financial details and will close with comments on our outlook. We will then open the call to questions.

Turning to our next slide. As a reminder, some of the matters discussed in this call may include forward-looking statements regarding, among other things, performance, trends, and strategies. These statements are based on current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those indicated by forward-looking statements are shown here. We will also discuss certain non-GAAP financial measures, and these slides include the relevant non-GAAP reconciliations. You can find these slides in the Investor Relations section of our website at www.graftech.com. A replay of the call will also be available on our website.

I'll now turn the call over to Marcel.

Marcel Kessler

Good morning, everyone. Thank you for joining GrafTech's Third Quarter Earnings Call. I will begin by summarizing three key points we will discuss in more detail on our call today. First, the global steel industry remains constrained by geopolitical conflict and economic uncertainty, which has resulted in a persistently soft -- within a persistently soft commercial environment and weak demand and declining prices for graphite electrodes. As a result, our performance for the third quarter fell short of our expectations and our outlook has weakened.