Earnings Releases·Oct 23, 2026, 6:42 AM ET

GrafTech International Ltd. — Third Quarter 2026 Earnings Summary

Q3 2026 net sales declined 3% year-over-year to $140.2 million, while net loss widened to $46.8 million ($1.76/share) from $28.5 million ($1.10/share) in Q3 2025; adjusted EBITDA fell to $8.6 million from $13.0 million, and adjusted free cash flow turned negative at $16.1 million.
The company announced the planned closure of its Monterrey, Mexico facility to generate $20–$25 million in annual cash cost savings by 2028, with production capacity transitioning to France and Spain to align with market demand.
Management reaffirmed full-year 2026 guidance for 5–10% sales volume growth and a low-single-digit decline in cash costs, while anticipating mid-single-digit pricing increases in Q4 2026 and higher realized pricing in 2027.
As of September 30, 2026, the company reported gross debt of $1,225 million, net debt of approximately $1,091 million, and total liquidity of $242 million, including $134 million in cash and $108 million available under its revolving credit facility.