GrafTech International Ltd. Reports First Quarter 2026 Results

GrafTech International Ltd. announced its financial results for the first quarter ended March 31, 2026. The company reported a sales volume of 28.1 thousand MT, a 14% increase year-over-year, and net sales of $125 million, up 12% year-over-year. However, the company incurred a net loss of $43 million, or $1.66 per share, and an Adjusted EBITDA of negative $14 million. Net cash used in operating activities was $15 million, and adjusted free cash flow was negative $27 million. GrafTech experienced a year-over-year decrease in its weighted-average realized price due to competitive pressures, despite a 37% sales volume growth in the United States. The company is implementing price increases and supporting trade cases to address market dynamics. GrafTech maintains a total liquidity of $329 million as of March 31, 2026, with $1.125 billion in gross debt and no maturities until December 2029. For the full year 2026, GrafTech expects a 5-10% increase in sales volume, with over 85% of anticipated volume committed. The company is focused on cost management and operational efficiency, anticipating a low single-digit percentage point decline in cash cost of goods sold per MT for 2026. Capital expenditures are expected to be approximately $35 million for the full year.