The Motley Fool fool.com 06 Aug, 2022 11:00 am

GrafTech International Ltd. (EAF) Q2 2022 Earnings Call Transcript

EAF earnings call for the period ending June 30, 2022.

Inventory builds occurred during the second quarter and in advance of planned third quarter outages at our European electrode facilities and Seadrift needle coke facility, also in anticipation of upcoming outages at certain oil refineries it supplies began with.We also anticipate the demand for petroleum needle coke, a key raw material use [Inaudible] accelerate [Inaudible] batteries for the growing electric.Petroleum needle coke has another positive long-term trend for our business, as higher demand will result in continued pricing for needle coke.Our vertical integration into petroleum needle coke production via our Seadrift's facility is foundational for our ability to reliably deliver high-quality graphite electrodes.

But then also, making sure that we have a sufficient needle coke on hand as we continue to produce in the back half of the third quarter if you will.And I think your last comment or question was around third-party needle coke, and I think on the needle Coke side.

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