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May 5 , 2021 6:40 AM Eastern Daylight Time GrafTech Reports First Quarter 2021 Results Share in X ☑ . . . Market trends improved throughout the first quarter BROOKLYN HEIGHTS , Ohio -- ( BUSINESS WIRE ) -- GrafTech International Ltd. ( NYSE : EAF ) ( GrafTech or the Company ) today announced financial results for the quarter ended March 31 , 2021 . First Quarter 2021 Highlights • Reported net income of $ 99 million , or $ 0.37 per share , and net income margin of 32 % • Adjusted EBITDA of $ 155 million , for a 51 % margin² . Generated cash flow from operating activities of $ 122 million • • Reduced debt by $ 150 million and lowered interest rate on our Term Loan by 100 basis points Sales volume of 37 thousand metric tons ( MT ) increased 9 % compared to the first quarter of 2020 Production volume of 36 thousand MT increased 9 % compared to the first quarter of 2020 CEO Comments President and Chief Executive Officer David Rintoul commented , " We are pleased with our first quarter results as we achieved improvement in key production and sales volume metrics , while further strengthening our balance sheet by reducing our long term debt and lowering our interest rate . Once again , our team remained focused on executing our strategy , delivering results , and positioning the company as market conditions improve .