GrafTech International (NYSE:EAF) Announces Earnings Results

GrafTech International (NYSE:EAF) issued its earnings results on Friday. The company reported ($2.45) EPS for the quarter, missing the consensus estimate of ($1.27) by ($1.18), FiscalAI reports. The firm had revenue of $116.46 million during the quarter, compared to the consensus estimate of $140.00 million.

Here are the key takeaways from GrafTech International’s conference call:

• Management said the industry faces structural overcapacity and aggressive, often low-priced exports from China and India, which have driven realized prices down and damaged pricing discipline across markets.
• GrafTech materially shifted mix toward the U.S., with U.S. sales volume up 48% for the year and 83% in Q4, making the U.S. 31% of full‑year shipments and helping partially offset weaker pricing elsewhere.
• The company delivered substantial cost improvements, with cash cost per metric ton down 11% in 2025 and 31% since 2023, targeting ~$3,600–$3,700/ton and expecting low single‑digit YoY cost declines in 2026.
• Financially, Q4 produced a $65 million net loss (‑$2.50/sh) and adjusted EBITDA of negative $22 million; average selling price was about $4,000/ton (‑9% YoY), reflecting ongoing margin pressure.
• GrafTech finished 2025 with $340 million liquidity (including $138M cash), expects 2026 sales volume to grow 5–10% with ~65% of volume committed and ~$35M CapEx, while evaluating footprint optimization, trade/policy actions and partnerships.

GrafTech International Price Performance

NYSE EAF traded down $7.21 on Friday, hitting $8.48. 2,039,572 shares of the stock were exchanged, compared to its average volume of 317,966. The company’s 50-day moving average price is $16.49 and its two-hundred day moving average price is $14.28. The company has a market capitalization of $218.85 million, a price-to-earnings ratio of -1.07 and a beta of 1.63. GrafTech International has a 52-week low of $5.50 and a 52-week high of $20.32.

Institutional Investors Weigh In On GrafTech International

Large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership bought a new stake in GrafTech International during the 2nd quarter worth about $182,000. Prelude Capital Management LLC acquired a new position in shares of GrafTech International during the third quarter worth approximately $192,000. Caption Management LLC bought a new stake in shares of GrafTech International during the third quarter valued at approximately $192,000. Hudson Bay Capital Management LP acquired a new stake in shares of GrafTech International in the second quarter valued at approximately $197,000. Finally, Bank of America Corp DE raised its position in GrafTech International by 70.4% in the 2nd quarter. Bank of America Corp DE now owns 232,779 shares of the company’s stock worth $226,000 after purchasing an additional 96,174 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EAF shares. Wall Street Zen upgraded shares of GrafTech International from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “sell (d-)” rating on shares of GrafTech International in a research note on Thursday, January 22nd. Finally, Citigroup raised their target price on GrafTech International from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $14.25.

About GrafTech International

GrafTech International (NYSE: EAF) is a leading global manufacturer of graphite electrodes and other specialty graphite products used primarily in electric arc furnaces (EAFs) for steel production. The company’s core offerings include ultrahigh-power, high-power and regular power electrodes, along with related accessories such as graphite shapes and heterogeneous carbon materials. These products play a critical role in steelmaking by conducting the high electrical currents required to melt scrap steel efficiently and with reduced environmental impact compared to traditional blast furnace methods.

With a manufacturing footprint spanning North America, Europe and Asia, GrafTech serves steel producers and foundries worldwide.