GrafTech Stock Tanks Post Q2 Earnings Miss; Warns On Demand Softness, Suspends Dividend

GrafTech International Ltd. (NYSE:EAF) reported a second-quarter sales decline of 49% year-over-year to $185.56 million, beating the consensus of $179.54 million.

The revenue dip was driven by the lower sales volume owing to the residual impact of the suspension of operations in Monterrey, Mexico, that began near the end of the third quarter of 2022.