GrafTech Q4 Sales Fall 8% to $240M, EBITDA Slips 12%, $30M Buyback Approved
GrafTech International reported fourth-quarter 2025 sales of $240 million, down 8% year-over-year, with adjusted EBITDA of $50 million, a 12% decline driven by lower graphite electrode volumes and pricing pressures. The company approved a $30 million share repurchase program and expects 2026 capital expenditures of $25 million.
1. Q4 Financial Performance
GrafTech reported fourth-quarter 2025 revenue of $240 million, down from $260 million in Q4 2024, primarily due to a 10% drop in graphite electrode shipments and price reductions to match weak steel demand. Adjusted EBITDA declined 12% to $50 million as fixed costs weighed on margins.
2. Capital Allocation Actions
The board authorized a $30 million share repurchase program to be executed over the next 12 months, reflecting confidence in free cash flow generation. Capital expenditures for 2026 are guided at $25 million, focused on maintenance and small-scale capacity enhancements.
3. Market Outlook and Guidance
Management expects global steel production to recover modestly in H2 2026, supporting steady electrode demand but warns of ongoing pricing competition. GrafTech forecasts full-year 2026 sales of $950 million–$1.0 billion and adjusted EBITDA of $200 million–$210 million.