Graftech Intl ( (EAF) ) has released its Q1 earnings. Here is a breakdown of the information Graftech Intl presented to its investors.
GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products, essential for electric arc furnace steel production, with a unique position due to its substantial vertical integration into petroleum needle coke.
In its first quarter of 2025, GrafTech reported a 2% increase in total sales volume year-over-year, with significant growth in the United States market, despite facing a net loss of $39 million. The company continues to focus on expanding its market share and reducing costs amidst challenging industry conditions.
Key financial metrics for the quarter included net sales of $112 million, a net loss of $39 million, and an adjusted EBITDA of negative $4 million. The company achieved a 21% reduction in cash costs per metric ton year-over-year, reflecting its ongoing cost reduction initiatives. GrafTech ended the quarter with a total liquidity of $421 million, supporting its ability to navigate industry challenges.
Looking ahead, GrafTech remains optimistic about achieving a low-double digit percentage increase in sales volume for 2025, driven by strategic shifts in geographic sales focus and cost optimization efforts. The company is well-positioned to benefit from long-term demand growth for graphite electrodes as the steel industry continues its shift towards electric arc furnace steelmaking.