Q3 2025 GrafTech International Ltd Earnings Call Transcript
Key Points
- GrafTech International Ltd (EAF) achieved a 9% year-over-year increase in sales volume, reaching nearly 29,000 metric tonnes in the third quarter of 2025.
- The company delivered a 10% year-over-year reduction in cash cost per metric tonne for the third quarter, with a full-year guidance for a 30% cumulative reduction since the end of 2023.
- GrafTech generated positive adjusted EBITDA of $13 million for the quarter and $25 million in net cash from operating activities, strengthening its liquidity position to $384 million.
- Sales volume in the United States grew by 53% year-over-year in the third quarter, reflecting a strategic shift towards regions with more favorable pricing dynamics.
- The company is well-positioned to capitalize on expected growth in demand for graphite electrodes, driven by structural tailwinds in the electric arc furnace (EAF) steelmaking industry.
- GrafTech International Ltd (EAF) reported a net loss of $28 million or $1.10 per share for the third quarter, despite cost reductions.
- The average selling price for graphite electrodes declined by 7% compared to the prior year, reflecting challenging pricing dynamics and increased low-priced exports from China.
- The company faces an oversupplied market, making it challenging to push pricing, with global utilization rates not supporting higher electrode pricing.
- There is an unsustainable level of excess electrode capacity globally, particularly due to increased exports from China and India.
- The company is constrained by an oversupplied electrode market, limiting its ability to pivot its portfolio into battery-related materials despite having latent capacity.
Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the GrafTech third quarter 2025 earnings conference call and webcast. (Operator Instructions) I would now like to turn the conference over to Mike Dillon, Vice President of Investor Relations. You may begin.
Thank you, Desiree. Good morning, and welcome to GrafTech International's third quarter 2025 earnings call. With me today are Tim Flanagan, Chief Executive Officer; and Rory OâDonnell, Chief Financial Officer. Tim will begin with opening comments, including an update on the commercial environment. Rory will then provide more details on our quarterly results and other financial matters, and Tim will close with additional comments on our outlook. We will then open the call to questions. Turning to our next slide.
As a reminder, some of the matters discussed on this call may include forward-looking statements
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
