GrafTech International Ltd. (NYSE:EAF) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET

Company Participants

Mike Dillon - Vice President, Investor Relations

Marcel Kessler - Chief Executive Officer

Jeremy Halford - Chief Operating Officer

Tim Flanagan - Chief Financial Officer

Conference Call Participants

Katja Jancic - BMO Capital Markets

Arun Viswanathan - RBC Capital Markets

Bill Peterson - JPMorgan

Curt Woodworth - Credit Suisse

Alex Hacking - Citi

Abe Landa - Bank of America

Operator

Good day ladies and gentlemen and welcome to the GrafTech Second 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, August 4th, 2023.

I would now like to turn the conference over to Mike Dillon. Please go ahead.

Mike Dillon

Thank you. Good morning and welcome to GrafTech International's second 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, sales, and operational matters. Tim will review our quarterly results and other financial details. Marcel 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 on 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 second quarter earnings call. I will begin by highlighting four key points we will get discussed on our call today.

First, our performance for the second quarter was consistent with our expectations and represented a sequential improvement in key metrics. This included quarter-over-quarter growth in sales volume and adjusted EBITDA as well as a sequential reduction in recognized costs on a per ton basis.