GrafTech International Ltd

GrafTech International reported higher graphite electrode sales volumes and improved manufacturing utilization in the second quarter of 2026, while lower realized pricing continued to weigh on sales and earnings. Sales volume rose 8% from a year earlier to about 31,000 metric tons, including a 29% increase in the United States, and production exceeded 33,000 metric tons with capacity utilization reaching 74%, the company's highest quarterly rate since 2022. Net sales fell 3% to $127 million as a 7% decline in weighted-average realized pricing to about $3,900 per metric ton offset the volume gains. The company reaffirmed its full-year expectations for sales-volume growth of 5% to 10% and a low-single-digit percentage reduction in cash cost of goods sold per metric ton. Adjusted EBITDA was $2 million, compared with $3 million in the prior-year quarter, and adjusted free cash flow was negative $75 million, which the company attributed to working-capital timing and a semiannual interest payment.