Shares of GrafTech International Ltd. (NYSE: EAF) closed the trading at a price of $11.28 with the negative change of -1.91%. In the past session approximately 599,238 shares were exchanged against the average daily trading volume of 1,273,325 shares. The stock touched to the maximum level of $11.65, and it reached the lower level of $11.25 in past session. The stock’s market capitalization has now valued at $3.263B . The stock’s low price in its 52 week is $9.60 per share while $23.21 as the 52 week high price.

GrafTech International Ltd. (NYSE: EAF) recently reported financial results for the quarter ended March 31, 2019, including net income of $197M, or $0.68 per share, and Adjusted EBITDA from continuing operations of $284M.

Net sales for the quarter ended March 31, 2019 increased to $475M contrast to $452M in the first quarter of 2018. The improvement was primarily Because of higher sales volumes of GrafTech manufactured graphite electrodes. These sales volumes increased to 45 thousand metric tons (MT) from 42 thousand metric tons in the previous year period. The weighted average realized price of these graphite electrodes was $9,954 per metric ton, in line with the previous year period.

Net income for the first quarter of 2019 reduced to $197M, or $0.68 per share, contrast to $224M, or $0.74 per share in the first quarter of 2018. Adjusted EBITDA from continuing operations also reduced to $284M in the first quarter of 2019 contrast to $310M in the first quarter of 2018. Higher graphite electrode sales volumes were offset by higher cost of sales Because of higher prices for third party needle coke.

Cash flow from operating activities increased to $157M in the first quarter of 2019 from $141M in the comparable period of 2018. First quarter 2018 cash flow from operating activities was influenced primarily by an important one-time change in accounts receivable Because of higher pricing for graphite electrodes. First quarter cash flow typically includes the majority of our yearly cash tax payments. Cash tax payments totaled about $61M in the first quarter of 2019, but were negligible in the previous year period.