GrafTech Q3 Loss Widens to $46.8M; $13.9M Monterrey Charge Weighs on Results
EAF sits 76% above its 52-week low of $4.92.
Summary
GrafTech's Q3 10-Q confirms the $46.8M net loss reported this morning and details a $13.9M Monterrey restructuring charge, $1.2B of debt against $241.9M of liquidity, and a $388.2M stockholders' deficit.
Key Events · Earnings and Guidance · EAF
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Q3 Loss Widens to $46.8M
Net loss of $46.768M (-$1.76 per diluted share) versus $28.482M in Q3 2025, on net sales of $140.163M, down 3% year over year.
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$13.9M Monterrey Restructuring Charge
Q3 included $12.317M of fixed asset write-offs and $1.557M of severance; total closure costs are expected at $20-25M through the end of 2027.
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Liquidity $241.9M Against $1.2B Debt
$134.3M of cash plus $107.6M of revolver availability, with $1.2B of long-term debt and a $388.2M stockholders' deficit at September 30, 2026.
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Nine-Month Operating Cash Burn $92.0M
Net cash used in operating activities was $91.991M versus $60.722M a year earlier, driven by a $31.294M inventory build and higher receivables.
Analysis · EAF · Manufacturing
The quarter was already out this morning, so the headline loss is not new. What the 10-Q adds is the balance-sheet reality behind it: a $388.2M stockholders' deficit, $1.2B of debt against $134.3M of cash, and $91.99M of operating cash burn through nine months. The $13.9M restructuring charge (mostly a $12.3M non-cash write-off) is the first hard number on the Monterrey closure, which management expects to cost $20-25M in total through 2027. Liquidity of $241.9M, including $107.6M of revolver availability that is itself constrained by a financial covenant, is the number that matters — it funds the wind-down but leaves little room if electrode pricing does not recover as guided.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.4% of the 1556 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EAF was trading at $8.65 on NYSE in the Manufacturing sector, with a market capitalization of approximately $226.5M. The 52-week trading range was $4.92 to $19.72. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.