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

GrafTech International (NYSE:EAF) announced its earnings results on Friday. The company reported ($2.05) EPS for the quarter, missing analysts’ consensus estimates of ($1.25) by ($0.80), Zacks reports. The business had revenue of $125.10 million for the quarter, compared to analyst estimates 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 Performance

EAF stock traded down $0.02 on Friday, reaching $8.48. The company had a trading volume of 656,254 shares, compared to its average volume of 344,905. The company has a market cap of $220.45 million, a P/E ratio of -1.00 and a beta of 1.63. GrafTech International has a 1 year low of $4.92 and a 1 year high of $20.32. The company’s fifty day moving average is $7.00 and its 200 day moving average is $12.08.

Institutional Trading of GrafTech International

Hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new stake in shares of GrafTech International in the fourth quarter valued at $484,000. Bridgeway Capital Management LLC increased its stake in GrafTech International by 9.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 32,200 shares of the company’s stock valued at $499,000 after purchasing an additional 2,800 shares during the last quarter. Trexquant Investment LP purchased a new position in GrafTech International during the fourth quarter worth about $515,000. Jump Financial LLC lifted its position in GrafTech International by 127.1% during the fourth quarter. Jump Financial LLC now owns 71,300 shares of the company’s stock worth $1,106,000 after buying an additional 39,900 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in GrafTech International by 27.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,688 shares of the company’s stock worth $368,000 after buying an additional 5,050 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

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

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.