GrafTech International Ltd. (GTI, Wilmington, DE) announced financial results for the year and fourth quarter ended December 31, 2004. Net income for 2004 was $17 million, or $0.17 per diluted share, versus a net loss of $24 million, or $0.36 per share, for 2003. Net income for 2004 was $44 million, or $0.43 per diluted share, versus net income of $12 million, or $0.18 per share. Net sales increased 19%, to $848 million, versus 2003. Gross profit increased approximately 25%, to $210 million, versus 2003.
Net income for the fourth quarter of 2004 was $9 million, or $0.09 per diluted share, versus a net loss of $28 million, or $0.30 per share, in the fourth quarter of 2003. Net income was $11 million, or $0.11 per diluted share. Net sales increased 23%, to $232 million, versus the fourth quarter of 2003. Gross profit increased 26%, to $57 million, versus the fourth quarter of 2003.
