GrafTech International Ltd (EAF)
NYSE:EAF
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Earnings Data
Report Date
Jul 31, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-1.34Last Year’s EPS
-1.6Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a cautiously optimistic view: GrafTech reported solid volume growth (28,000 mt, +14% YoY; U.S. +37% YoY), improved order visibility (>85% committed), sequential cost improvement, supportive trade developments and strategic advantages (vertical integration, strong liquidity). However, profitability remains under pressure (net loss $43M, adjusted EBITDA negative $14M), ASPs declined YoY, utilization is low (65%), and geopolitical input-cost risks persist. Management expects pricing momentum and trade remedies to materially improve results in H2 2026 and into 2027, making the outlook constructive but with near-term headwinds.Company Guidance
Strong Sales Volume Growth
First-quarter sales volume of 28,000 metric tons, up 14% year-over-year; production was 29,000 metric tons with a capacity utilization rate of 65%.
Significant U.S. Market Expansion
U.S. sales volume grew 37% year-over-year in Q1, reflecting market share gains and focus on higher-value regions.
Order Book Visibility
More than 85% of anticipated 2026 volume is already committed in the order book, tracking ahead of the prior year and providing revenue visibility.
Commercial and Trade Actions Supporting Pricing
Announced price increases on March 26 of $600 to $1,200 per metric ton by region; positive customer/tender reaction reported. U.S. ITC preliminary determination found reasonable indication of material injury from imports (China/India), and Commerce investigation continues (potential CVD by July and preliminary AD by mid-September).
Improving Cost and Operational Metrics
Cash costs per metric ton were $3,848 in Q1, a 4% sequential decline from Q4; company maintains expectation of a modest year-over-year reduction and a long-term cash cost target of ~$3,600–$3,700/mt.
Liquidity and Financial Flexibility
Total liquidity of $329 million (cash $120M, revolver availability $108M, delayed-draw term loan $100M available until July); no revolver borrowings outstanding and no substantial debt maturities until December 2029.
Safety Performance
Total Recordable Incident Rate improved to 0.35 in Q1, an improvement versus the full-year 2025 rate, supporting operational reliability.
Industry Fundamentals and Longer-Term Demand Drivers
EAF steelmaking trends and decarbonization tailwinds are intact: global steel production (ex-China) up ~1% in Q1; World Steel projects ~1.9% growth ex-China in 2026. Company notes structural demand growth drivers for electrodes and needle coke (EVs/energy storage/battery supply chains).
Seadrift Vertical Integration Advantage
Vertical integration with Seadrift provides surety of needle coke/decant oil supply (domestic sourcing), reducing exposure to merchant market volatility and supporting continuity of supply.
Improvement in Free Cash Flow Trend
Adjusted free cash flow was negative $27 million in Q1, an improvement versus negative $40 million in Q1 2025 (prior year included a planned inventory build).
CapEx Discipline
Full-year CapEx guidance maintained at approximately $35 million to support asset maintenance and targeted productivity investments.
EAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $8.50 | $8.54 | +0.47% |
Feb 06, 2026 | $15.69 | $8.44 | -46.21% |
Oct 24, 2025 | $17.38 | $17.02 | -2.07% |
Jul 25, 2025 | $13.50 | $15.40 | +14.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does GrafTech International Ltd (EAF) report earnings?
GrafTech International Ltd (EAF) is schdueled to report earning on Jul 31, 2026, Before Open (Confirmed).
What is GrafTech International Ltd (EAF) earnings time?
GrafTech International Ltd (EAF) earnings time is at Jul 31, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EAF EPS forecast?
EAF EPS forecast for the fiscal quarter 2026 (Q2) is -1.34.