Then, on August 4, 2023, GrafTech issued a press release disclosing the Company's financial and operational results for the quarter ended June 30, 2023 ("2Q23 Release"). The 2Q23 Release reported that sales declined 49% compared to the second quarter of 2022 as the Company continued to "recover" from the effects of the Monterrey facility shutdown in 2022. As a result of the substantial decline in net sales, the 2Q23 Release reported a net loss of $8 million compared to $115 million in net income the Company reported in the second quarter of 2022. On the corresponding conference call, defendant Marcel Kessler, CO for part of the Class Period, described the Monterrey suspension as the "key driver" of the underperformance and revealed that GrafTech's ability to secure customer contracts would continue to be indirectly impacted in the second half of fiscal 2023.