GrafTech Posts $46.8M Third-Quarter Loss as Electrode Slump Persists
EAF sits 54% above its 52-week low of $4.92.
Summary
GrafTech reported a $46.8 million net loss for the third quarter, a wider loss than the $40.5 million it posted in Q2, on sales of $140.2 million and a loss per share of $1.76, with adjusted EBITDA of $9 million. The company is still bleeding money even after the September 8 announcement of a minimum 30% graphite electrode price increase and the August 31 decision to permanently close the Monterrey plant, cutting about 51,000 tonnes of annual capacity. It guides to a price uptick in the fourth quarter and continues to expect modest growth in 2026 graphite electrode demand, backing its 2026 volume and cost expectations. With a market cap near $194 million, a quarterly loss of this size is material and keeps pressure on a balance sheet already leaning on a $50 million at-the-market program and a $150 million shelf. The Undavia family raised its stake to 8.5% with a $2.1 million September buy, so insider conviction is running against the reported losses.
At the time of this announcement, EAF was trading at $7.60 on NYSE in the Manufacturing sector, with a market capitalization of approximately $194.4M. The 52-week trading range was $4.92 to $19.72. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.