Quarterly ResultMay 1, 2026, 01:25 PM
GrafTech Q1 Net Sales $125.1M; Net Loss Widens to $43.3M
AI Summary
GrafTech International reported Q1 2026 net sales of $125.1 million, an increase from $111.8 million in Q1 2025. Despite higher sales, the company's net loss widened to $43.3 million, compared to a net loss of $39.4 million in the prior year. Cash and cash equivalents decreased to $120.2 million, while net cash used in operating activities improved to $14.9 million. The company also faces ongoing legal challenges in Brazil, including an income tax assessment of approximately $31.2 million that was upheld.
Key Highlights
- Net sales increased 11.9% to $125.1 million in Q1 2026 from $111.8 million in Q1 2025.
- Net loss widened to $43.3 million in Q1 2026, up from $39.4 million in Q1 2025.
- Basic loss per common share increased to $1.66 from $1.52 year-over-year.
- Gross loss significantly widened to $15.0 million in Q1 2026 from $1.7 million in Q1 2025.
- Cash and cash equivalents decreased to $120.2 million as of March 31, 2026.
- Net cash used in operating activities improved to $14.9 million from $32.2 million.
- Interest expense decreased by 18.9% to $24.2 million in Q1 2026.
- Brazilian court granted appeal rejecting statute of limitations defense in 'Brazil Clause IV' litigation.