GrafTech International (NYSE:EAF) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• GrafTech International reported quarterly EPS of ($1.47), missing analysts’ consensus of ($1.46) by one cent.
• The company said Q2 sales volume rose 8% year over year and production utilization reached 74%, its highest quarterly level since 2022, while it kept its full-year sales growth outlook at 5% to 10%.
• Management said pricing actions are starting to stick and reiterated expectations for a modest year-over-year decline in cash COGS, helped by higher utilization and productivity gains despite input cost inflation.

GrafTech International (NYSE:EAF - Get Free Report) issued its quarterly earnings data on Friday. The company reported ($1.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.46) by ($0.01), Zacks reports.

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

• GrafTech said Q2 sales volume rose 8% year over year and production hit its highest quarterly utilization since 2022 at 74%, while management reaffirmed full-year sales growth expectations of 5% to 10%.
• The company’s pricing actions are starting to gain traction, with new customer commitments reportedly averaging more than 15% above pre-announcement levels, though most 2026 volume is already booked so the benefit will largely flow through over time.
• GrafTech reiterated its goal for a modest year-over-year reduction in cash COGS, helped by lower unit costs, higher utilization, and productivity improvements, despite inflation in energy, raw materials, and logistics.
• Management highlighted improving steel market conditions outside China and supportive trade policy, especially in the U.S. and Europe, as a key demand backdrop for graphite electrodes and a potential tailwind for future volumes.
• The company emphasized rising needle coke and decant oil costs tied to Middle East disruptions, but said its vertical integration and U.S.-based captive supply give it some protection and could support higher electrode pricing over time.

GrafTech International Stock Up 9.5%

Shares of NYSE:EAF traded up $0.68 during trading on Friday, reaching $7.78. The stock had a trading volume of 205,535 shares, compared to its average volume of 338,805. The stock has a market cap of $202.54 million, a P/E ratio of -0.89 and a beta of 1.84. The business has a fifty day moving average price of $7.70 and a 200-day moving average price of $9.07. GrafTech International has a fifty-two week low of $4.92 and a fifty-two week high of $20.32.

Institutional Trading of GrafTech International

Several hedge funds and other institutional investors have recently bought and sold shares of EAF. Intesa Sanpaolo Wealth Management purchased a new position in shares of GrafTech International during the 4th quarter worth $31,000. Jump Financial LLC acquired a new position in GrafTech International in the second quarter valued at $42,000. Tower Research Capital LLC TRC lifted its position in 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 worth $163,000 after buying an additional 153,500 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in GrafTech International during the second quarter worth about $182,000. Finally, Caption Management LLC acquired a new stake in GrafTech International in the 3rd quarter worth about $192,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on GrafTech International from $6.00 to $8.00 and gave the company a "market perform" rating in a research report on Monday, May 4th. Weiss Ratings raised shares of GrafTech International from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $10.00 price objective on shares of GrafTech International in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of GrafTech International from a "strong sell" rating to a "sell" rating in a report on Saturday, May 9th. Finally, Zacks Research cut shares of GrafTech International from a "hold" rating to a "strong sell" rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $10.67.

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.

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