GrafTech International Ltd. (NYSE:EAF) Q4 2023 Results Conference Call February 14, 2024 10:00 AM ET

Company Participants

Mike Dillon - Vice President, Investor Relations and Corporate Communications

Tim Flanagan - Chief Financial Officer

Jeremy Halford - Chief Operating Officer

Catherine Delgado - Interim Chief Financial Officer

Conference Call Participants

Matthew Vittorioso - Jefferies

Bill Peterson - JPMorgan

Alex Hacking - Citi

Arun Viswanathan - RBC Capital Markets

Curt Woodworth - UBS

Ab Landa - Bank of America

Operator

Good morning, ladies and gentlemen, and welcome to the GrafTech Fourth Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions] This call is being recorded on Wednesday, February 14, 2024.

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

Mike Dillon

Thank you. Good morning, and welcome to GrafTech International's earnings call for the fourth quarter and full year of 2023.

On with me today, are Tim Flanagan, Interim Chief Executive Officer; Jeremy Halford, Chief Operating Officer; and Catherine Delgado, Interim Chief Financial Officer. Tim will begin with opening comments, Jeremy will then discuss safety, the commercial environment, sales and operational matters. Catherine will review our quarterly results and other financials, and Tim 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 strategy. 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 Tim.

Tim Flanagan

Good morning, everyone, and thank you for joining GrafTech's fourth quarter earnings call.

Let me begin by acknowledging a simple fact. To operate in a cyclical industry and find ourselves in a challenging part of that cycle, for our industry and for our business. And our results have fallen short of our expectations.

Yet our optimism about the long-term prospects of our company remain intact. On this call, we will discuss the actions we are taking in response to the cyclical downturn in demand, which include optimizing our footprint and improving our cost structure, as well as the reasons for our long-term positive outlook. With that backdrop, I will start with the macro environment, which continues to be impacted by economic uncertainty and geopolitical conflict.