GrafTech International (NYSE:EAF) Releases Quarterly Earnings Results, Misses Estimates By $0.80 EPS

GrafTech International (NYSE:EAF) announced its quarterly earnings data on Friday. The company reported ($2.05) EPS for the quarter, missing the consensus estimate of ($1.25) by ($0.80), Zacks reports. The firm had revenue of $125.10 million during the quarter, compared to analysts’ expectations of $120.60 million.

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

• GrafTech announced a price increase of $600–$1,200 per metric ton (region-dependent) and says >85% of anticipated 2026 volume is committed, with most of the pricing benefit expected to materialize in the second half of 2026 and set the stage for 2027 negotiations.
• U.S. trade actions are progressing — the ITC found a reasonable indication of injury from imports and Commerce will continue its probes (countervailing duties potentially by end‑July, antidumping mid‑September) — actions that could reduce unfair imports and support domestic pricing and supply security.
• Input‑cost and geopolitical risk is meaningful — decant oil (~25% of production cost) plus electricity/nat‑gas (~10–15%) face upward pressure from the Middle East conflict, which could raise needle‑coke and cash COGS and require additional electrode price moves if sustained.
• Q1 financials show a net loss of $43 million and adjusted EBITDA of negative $14 million, cash used in operations $15 million, adjusted FCF negative $27 million, but liquidity of about $329 million (including credit availability) and a $35 million CapEx plan provide runway; management notes each $100/mt ASP improvement ≈ $12M EBITDA.
• Operational momentum and secular demand drivers — Q1 sales rose 14% y/y (U.S. sales +37%), production utilization was 65%, and GrafTech highlights vertical integration (Seadrift) and regional manufacturing as competitive advantages to capture rising EAF steel and graphite demand.

GrafTech International Stock Down 0.2%

NYSE EAF traded down $0.02 on Friday, reaching $8.48. 656,254 shares of the company’s stock traded hands, compared to its average volume of 218,337. GrafTech International has a 12 month low of $4.92 and a 12 month high of $20.32. The stock has a 50-day simple moving average of $7.00 and a 200 day simple moving average of $12.08.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada cut their target price on GrafTech International from $21.00 to $10.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of GrafTech International in a research report on Tuesday, April 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of GrafTech International in a research report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of GrafTech International from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $11.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Intesa Sanpaolo Wealth Management purchased a new stake in shares of GrafTech International during the fourth quarter valued at approximately $31,000. Jump Financial LLC purchased a new stake in shares of GrafTech International during the second quarter valued at approximately $42,000. Tower Research Capital LLC TRC boosted its stake in shares of GrafTech International by 1,128.2% during the second quarter. Tower Research Capital LLC TRC now owns 167,106 shares of the company’s stock valued at $163,000 after purchasing an additional 153,500 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of GrafTech International during the second quarter valued at approximately $182,000. Finally, Caption Management LLC purchased a new stake in shares of GrafTech International during the third quarter valued at approximately $192,000. 92.83% of the stock is currently owned by institutional investors.

GrafTech International Company Profile

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.