GRAFTECH INTERNATIONAL LTD

GrafTech International Ltd. reported a net loss of $(40.5) million for Q2 2026, a significant improvement from $(86.9) million in Q2 2025. Basic loss per share also improved to $(1.54) from $(3.35) year-over-year. For the first six months of 2026, net loss was $(83.7) million, down from $(126.2) million in the prior year period. The company drew the remaining $100.0 million from its Delayed Draw First Lien Term Loan facility for general corporate purposes, increasing long-term debt to $1.2 billion.

GrafTech International Ltd. reported mixed financial results for the second quarter of 2026, with net sales decreasing 3% year-over-year to $127 million, primarily due to lower realized pricing. Despite this, the company significantly reduced its net loss to $40 million from $87 million in the prior year's quarter, and sales volume increased by 8% year-over-year. GrafTech reaffirmed its full-year sales volume growth forecast of 5-10% and expects a low single-digit percentage-point decline in cash cost of goods sold per MT, driven by strategic pricing actions and operational efficiencies.

GrafTech International Ltd. entered into an Equity Distribution Agreement with Evercore Group L.L.C. to establish an at-the-market equity offering program. Under this agreement, the company may offer and sell up to $50,000,000 of its common stock through Evercore. The net proceeds from the offering are intended for general corporate purposes, which may include financing operating activities, refinancing indebtedness, capital expenditures, or other strategic opportunities like acquisitions and joint ventures.

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.