GrafTech International Ltd
graftech.comWhat Do They Do?
Manufactures graphite electrodes and connecting pins for electric-arc-furnace steelmakers and other metal producers.
10-K for FY2025, filed Feb 13, 2026Graphite electrodes are an industrial consumable product used primarily in EAF steel production, one of the two primary methods of steel…View ↗
With the growth of EAF steel production, graphite electrode production has become focused on the manufacturing of UHP electrodes, which…View ↗
Our customers include major steel producers and other ferrous and non-ferrous metal producers in Europe, the Middle East and Africa…View ↗
How Do They Make Money?
Steelmakers and other metal producers buy electrodes and manufacturing by-products under short-term agreements, multiyear agreements or spot orders; they pay for delivered goods on invoice terms that generally range from 30 to 90 days.
10-K for FY2025, filed Feb 13, 2026Our customers include major steel producers and other ferrous and non-ferrous metal producers in Europe, the Middle East and Africa…View ↗
We sell our products under short-term purchase agreements, multi-year purchase agreements and spot sales.View ↗
Given their nature, the Company’s performance obligations are satisfied at a point in time when control of the products has been…View ↗
Substantially all the Company's receivables relate to contracts with customers. Accounts receivable are recorded when the right to…View ↗
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10-K for FY2025, filed Feb 13, 2026
FY2025 revenue by product or service ↗
$504.1M
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10-K for FY2025, filed Feb 13, 2026
$504.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Graphite Electrodes
Sold outright
10-K for FY2025, filed Feb 13, 2026 |
91% |
Graphite Electrodes, FY2025
$460.6M Sources
|
Sold outright |
|
By- Products and Other
Sold outright
|
8.6% |
By- Products and Other, FY2025
$43.5M Sources
|
Sold outright |
Who Are Their Customers?
Major steelmakers and other metal producers are the customers. GrafTech sells most products directly to steel manufacturers, and also sells electrodes through independent sales representatives and distributors.
10-K for FY2025, filed Feb 13, 2026Our customers include major steel producers and other ferrous and non-ferrous metal producers in Europe, the Middle East and Africa…View ↗
Our direct sales force currently operates from 13 sales offices located around the world. We sell our graphite electrodes primarily through…View ↗
The Company sells the majority of its products directly to steel manufacturers located in various jurisdictions. The Company’s contracts…View ↗
10-K for FY2025, filed Feb 13, 2026
Our Industrial Materials segment, our only operating and reportable segment, manufactures high-quality graphite electrodes essential to the…View ↗
Do Revenues Turn Into Profits?
No. It lost $219.8M in FY2025.
10-K for FY2025, filed Feb 13, 2026
−$77.1MView ↗
10-K for FY2025, filed Feb 13, 2026
−$219.8MView ↗
10-K for FY2025, filed Feb 13, 2026
−$120.5MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Oct 23, 2026
−$46.8MView ↗
- ▲ +64% (Loss)
- vs −$28.5M in Q3 FY2025
10-Q for Q3 FY2026, filed Oct 23, 2026
Open tableView ↗
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Aug 31, 2026
Plans permanent shutdown of its Monterrey graphite-electrode facility
Production is expected to conclude early in the second quarter of 2027.
Sources
8-K, filed Aug 31, 2026
The Company expects to wind down operations at the Monterrey Facility in phases, with production expected to conclude early in the second…View ↗
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Jul 24, 2026
Reaffirms full-year sales-volume growth expectation
Expects full-year sales volume to increase 5% to 10% year over year.
Sources
8-K, filed Jul 24, 2026
"Our second quarter results demonstrate continued strong operational execution in a dynamic market," said Timothy Flanagan, Chief Executive…View ↗
Shrinking. Revenue fell 63% in 4 years, from $1.3B in FY2021 to $504.1M in FY2025, about 22% a year.
Sales agreements
As multi-year agreements expired, the business shifted toward short-term agreements and spot orders; the latest report says multi-year deals are not expected to make up most of the portfolio.
10-K for FY2022, filed Feb 14, 2023 10-K for FY2025, filed Feb 13, 2026As our LTAs are nearing the end of their terms, our mix of business has begun to shift towards short-term purchase agreements and spot…View ↗
As the substantial majority of our LTAs have expired, our mix of business has shifted towards short-term purchase agreements and spot…View ↗
Larger electrode offering
The latest report adds a super-sized electrode to its portfolio for a small but growing part of the ultra-high-power electrode market.
10-K for FY2022, filed Feb 14, 2023 10-K for FY2025, filed Feb 13, 2026With the growth of EAF steel production, graphite electrode production has become focused on the manufacturing of UHP electrodes, which…View ↗
With the growth of EAF steel production, graphite electrode production has become focused on the manufacturing of UHP electrodes, which…View ↗
Who Do They Compete With?
Competes with Resonac Holdings, HEG, Graphite India, and Tokai Carbon
10-K for FY2025, filed Feb 13, 2026We estimate that as of the end of 2025, the graphite electrode industry globally (excluding China) had nameplate capacity to produce…View ↗
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