GrafTech International Ltd. (EAF)

GrafTech's stock price has been significantly impacted by challenging market conditions and its financial performance. The company's stock has experienced a substantial decline, with a -37.48% change over the past year. A major event was the announcement of its fourth-quarter and full-year 2025 financial results on February 6, 2026, where GrafTech reported a wider net loss of $65 million for Q4 2025. Despite these financial challenges, the company did achieve a 6% increase in full-year sales volume for 2025.

The demand for graphite electrodes is subject to regional steel economics, scrap availability, and energy prices. Global graphite electrode demand has remained relatively flat for the past two years. GrafTech anticipates a slight increase in global (excluding China) demand for graphite electrodes in 2026.

GrafTech International Ltd. is a global manufacturer of graphite electrodes, essential for electric arc furnace (EAF) steel production. It is the only vertically integrated manufacturer in the industry, producing its own petroleum needle coke. GrafTech's products are crucial for the EAF steelmaking process, which is more environmentally friendly and supports the circular economy. The company also offers technical expertise and services to help EAF customers enhance productivity and reduce operating costs.

GrafTech International Ltd. is headquartered in Brooklyn Heights, Ohio, and has a global production footprint with manufacturing facilities in North America and Europe. It also operates a petroleum needle coke manufacturing facility in Port Lavaca, Texas. The company serves over 100 customers in more than 50 countries, primarily steel mini-mills, across EMEA, the Americas, and APAC.

GrafTech's brand reputation is closely tied to its operational performance and its role in the "green steel" movement. The company emphasizes its commitment to safety, environment, and quality, and highlights that its products are essential for EAF steelmaking. GrafTech has focused on operational excellence, achieving an 11% year-over-year reduction in cash cost of goods sold per metric ton in 2025 and improving its total recordable incident rate.

GrafTech International Ltd. has significant institutional ownership, with institutions holding approximately 48% of the company's shares. Major institutional shareholders include Marathon Asset Management Lp, Yacktman Asset Management Lp, and Vanguard Group Inc. Colonial House Capital Limited is the largest shareholder with 12% of outstanding shares, followed by HEG Limited with 10.0%.