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GrafTech

American graphite and petroleum company

GrafTech International Ltd. is a manufacturer of graphite electrodes and petroleum coke, which are essential for the production of electric arc furnace steel and other metals.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1886Founded1

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  • TickerEAF on NYSE1
  • Industrypetrochemical industry1
  • HeadquartersParma1
  • Websitewww.graftech.com
  • Incorporated inDE4
  • Business address982 Keynote Circle, Brooklyn Heights, Oh 441314
  • Filer categoryAccelerated filer4

GrafTech International Ltd. is a manufacturer of graphite electrodes and petroleum coke, which are essential for the production of electric arc furnace steel and other metals. Headquartered in Brooklyn Heights, Ohio, it has manufacturing facilities in Calais, France;Pamplona, Spain; Monterrey, Mexico; and St. Marys, Pennsylvania.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-3.1%Gross margin6
-15.3%Operating margin6
-43.6%Net margin6
-6.4%Revenue growth, 20256
-$120.5MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Graphite Electrodes brought in 91% of the revenue GrafTech broke down this way in fiscal 2025.

  1. Graphite Electrodes$460.6M691%down 7% from 2024
  2. By- Products and Other$43.5M69%down 4% from 2024
Products and services by year
Products and services202320242025
Graphite Electrodes$592.0M$493.6M$460.6M
By- Products and Other$28.5M$45.1M$43.5M

Regions

United States brought in 41% of the revenue GrafTech broke down this way in fiscal 2025.

  1. United States$206.2M641%up 20% from 2024
  2. Europe Middle East Africa$198.9M639%down 7% from 2024
  3. Americas$67.1M613%down 30% from 2024
  4. Asia Pacific$31.9M66%down 45% from 2024
Regions by year
Regions202320242025
United States$206.3M$171.2M$206.2M
Europe Middle East Africa$247.7M$214.5M$198.9M
Americas$100.4M$95.5M$67.1M
Asia Pacific$66.2M$57.6M$31.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development1¢$6.5M
  • Selling, general and admin11¢$54.9M
  • Other costs57¢$289.3M
  • Interest21¢$104.1M
  • Income tax10¢$49.4M

Out of $504.1M in revenue.6 The company lost money this year.

Financial statements

Revenue789106$504.1M in 2025−72% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.8B$1.8B20192020: $1.2B$1.2B2020−32%2021: $1.3B$1.3B2021+10%2022: $1.3B$1.3B2022−5%2023: $620.5M$620.5M2023−52%2024: $538.8M$538.8M2024−13%2025: $504.1M$504.1M2025−6%
Gross profit789106-$15.7M in 2025
-$500.0M0$500.0M$1.0B$1.5B2019: $1.0B$1.0B20192020: $660.5M$660.5M2020−37%2021: $644.5M$644.5M2021−2%2022: $554.9M$554.9M2022−14%2023: $36.2M$36.2M2023−93%2024: -$19.9M-$19.9M20242025: -$15.7M-$15.7M2025−21%
Operating income789106-$77.1M in 2025
-$500.0M0$500.0M$1.0B2019: $974.0M$974.0M20192020: $588.6M$588.6M2020−40%2021: $508.1M$508.1M2021−14%2022: $474.3M$474.3M2022−7%2023: -$214.4M-$214.4M20232024: -$75.2M-$75.2M2024−65%2025: -$77.1M-$77.1M2025+2%
Net income789106-$219.8M in 2025
-$500.0M-$250.0M0$250.0M$500.0M$750.0M2019: $744.6M$744.6M20192020: $434.4M$434.4M2020−42%2021: $388.3M$388.3M2021−11%2022: $383.0M$383.0M2022−1%2023: -$255.2M-$255.2M20232024: -$131.2M-$131.2M2024−49%2025: -$219.8M-$219.8M2025+68%

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-12-312024-12-312023-12-31
Net sales$504.1M$538.8M$620.5M
Cost of goods sold$501.5M$533.8M$571.9M
Lower of cost or market inventory valuation adjustment$18.3M$24.9M$12.4M
Gross (loss) profit-$15.7M-$19.9M$36.2M
Research and development$6.5M$5.7M$5.5M
Selling and administrative expenses$54.9M$46.5M$74.0M
Restructuring Charges$0$3.2M$0
Goodwill impairment charges$0$0$171.1M
Operating loss-$77.1M-$75.2M-$214.4M
Other (income) expense, net-$4.0M-$1.6M$4.7M
Interest expense$104.1M$85.3M$58.1M
Interest income-$6.6M-$5.7M-$3.4M
Loss before income taxes-$170.4M-$153.3M-$273.8M
Income tax expense (benefit)$49.4M-$22.1M-$18.5M
Net loss-$219.8M-$131.2M-$255.2M
Net (loss) income per share (in dollars per share)-$8.45-$5.09-$9.93
Weighted average shares outstanding (in shares)26.0M shares25.8M shares25.7M shares
Net (loss) income per share (in dollars per share)-$8.45-$5.09-$9.93
Weighted average common shares outstanding (in shares)26.0M shares25.8M shares25.7M shares
Foreign currency translation adjustments, net of tax of $0, $29 and $(8), respectively$34.6M-$24.4M$10.2M
Commodities, interest rate and foreign currency derivatives, net of tax of $28, $2,111 and $4,424, respectively-$190.0K-$7.5M-$13.6M
Other comprehensive income (loss), net of tax:$34.4M-$31.9M-$3.4M
Comprehensive loss-$185.4M-$163.1M-$258.6M
Foreign currency translation adjustments, tax$0$29.0K-$8.0K
Commodities, interest rate and foreign currency derivatives, tax$28.0K$2.1M$4.4M

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The story

The company was founded in 1886 as the National Carbon Company, which in 1917 was acquired by Union Carbide and became its Carbon Products Division.

In 1914, the company introduced the first 12-inch-diameter graphite electrodes.

In 1956, the company received an Academy Award for the development and production of a high-efficiency yellow flame carbon for motion picture color photography.

Between 1956 and 1978, the company developed high-performance carbon fibers; this would be recognized in 2003 with a National Historic Chemical Landmark from the American Chemical Society.

In 1985, the company developed advanced technology for carbon/carbon composite material used in spacecraft.

Union Carbide was reorganized in 1989, renaming the Carbon Products Division as the UCAR Carbon Company.

In 1990, the company introduced first 30-inch-diameter graphite electrodes for UHP DC arc furnaces.

In 1995, the company developed new graphite for the US Advanced Battery Consortium for a lithium-ion battery in electric vehicles.

Read the full text

In 1995, the company became a public company via an initial public offering.

In 1999, the company developed first natural graphite-based heat spreaders for electronic thermal management.

In 2002, the company changed its name from UCAR to Graftech.

In 2004, the company introduced optimized pinless joint design for large-diameter graphite electrodes.

In 2007, the company commercialized high-temperature insulation solutions for the polysilicon and solar energy industries.

In 2010, the company launched high thermal conductivity SPREADERSHIELD™ products for electronics and lighting applications.

In 2010, GrafTech acquired two companies: Seadrift Coke LP, a manufacturer of petroleum coke, an essential component in the production of graphite electrodes; and C/G Electrodes LLC, which manufactures graphite electrodes.

In March 2011, the company acquired Micron Research Corporation, a manufacturer of superfine-grained graphite.

In October 2011, the company acquired advanced carbon composite manufacturer Fiber Materials, which it would sell in 2016.

In 2011, the company was awarded two historical markers by the Ohio Historical Society. One is for pioneering battery research made at Parma by Lewis Urry and National Carbon Company. The other recognizes the Lakewood facility’s long history and National Carbon Company.

In August 2015, GrafTech was acquired by Brookfield Asset Management.

In 2017, the company sold its NeoGraf and Advanced Graphite Materials divisions to focus on graphite electrodes and petroleum coke.

In April 2018, the company once again became a public company via an initial public offering.

From Wikipedia’s article on GrafTech, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

From Wikidata.1

Former names

  • UCAR INTERNATIONAL INCApr 10, 1996 to May 2, 20024

Timeline

  1. 1886Founded Founded1

Recent filings

  1. Oct 1, 20264
  2. Oct 1, 20264
  3. Oct 1, 20264
  4. Sep 18, 2026SCHEDULE 13D/A
  5. Sep 8, 2026SCHEDULE 13G/A
  6. Sep 8, 2026SCHEDULE 13G
  7. Sep 4, 20264
  8. Aug 31, 20268-K
  9. Jul 24, 20268-K
  10. Jul 24, 202610-Q
  11. Jul 1, 20264
  12. Jul 1, 20264
  13. Jul 1, 20264
  14. May 29, 2026424B5
  15. May 29, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2